Redditsux @ Redditsux @lemmy.world

Posts

444

Comments

145

Joined

2 yr. ago

Free markets exist only for the simplest of goods and services with the least barriers to entry and most competition. Everything else goes out the window.

Oh thank you. woot! Let's go peeps! Let's get nootropics going!

That instance yes. !nootropics@lemmy.world. I don't know of any other instance.

This is extremely cynical of them.

Well this is one of the big answers. Tariffs are a hidden or indirect tax. Stupid democrats didn't understand jack shit so didn't use it as a campaign issue. He's raising tax on everybody to pay for his tax cuts. He's said before he likes the revenue from tariffs in the old days. When you take this approach in conjunction with his thinking on the immigration issue - that by reducing pool of cheap labor, American businesses will pay more and increase wages for low level jobs, you can see where he's going with this. Prices certainly will be higher. I don't know about the wages.

These are fascist purges. The way a military dictatorship would take over. This kind of thing is what you see in undeveloped poor countries, banana republics.

This has to be illegal in soooo many ways.

This is extremely sad. RIP.

This is so said :" A medical transport jet transporting a child who had just completed treatment for a life-threatening condition, her mother and four others crashed into a Philadelphia neighborhood shortly after takeoff Friday evening, exploding in a fireball that engulfed several homes." https://apnews.com/article/philadelphia-plane-crash-medical-transport-8617dab53471190832dd73db149489fa

I am actually in favor of the world finding a competing reserve currency (just NOT Chinese or Russian ruble!). The US$ being the reserve currency means the rest of the world has been SUBSIDIZING the US, by bringing in trillions of dollars to US banks and federal reserve LOWERING US interest rates which also has helped fuel all the bubbles we've seen. Having another reserve currency in turn cause interest rates to return to their natural levels bringing down ASSET values (i.e. housing) to more affordable levels.

This is his buddies Putin and Xi!

Now I see what MAGA stands for. Make America (a) Great Asshole.

US economy has been running on bubbles for decades, and using bubbles to fuel innovation and growth. It has survived telecom bubble, housing bubble, bubble in the oil sector for multiple times (how do you think fracking came to be?) etc. This is just the start of the AI bubble because its innovations have yet to have a broad-based impact on the economy. Once AI becomes commonplace in aiding in everything we do, that's when valuations will look "normal".

Oh US has been doing this kind of thing for decades! This isn't new.

good god. It is the end.

Just ban it!

What will happen now after Trump term? Can't they take up the case again?

OMG. That's a good way to start the new year. Now my daily tea is going to be filled with guilt and worry.

That's my Prime Minister-resigned.

Thanks! didn't realize it's my 1 year anniversary.