In fact, the only way that you could pray to make impression,
On the era ahead is that instead of being notable,
You make the data describing you undecodable.
If banks would not be allowed to lend out more than what they have in terms of deposits, or if they would only be allowed to lend out twice that amount, what would be the most significant difference with the current fractional reserve system (in which the cash-reserve ratio can be as high as 1:9)?...
When money is loaned into existence, both the supply and the demand are created at the same time. When there are real investment opportunities (opportunities to make money by expanding production and improving productivity) allowing the money supply to expand makes it easier for expansion to occur. The problem is when such opportunities are thinned out, and people just start rent seeking for want of real investment opportunities. At this point cheap credit fuels not expansion, but just pushes up prices of existing resources and facilitates the transfer of wealth into the hands of people that already have wealth to use as collateral.
Your suggestion would create a money supply that was fixed until and unless whoever happened to be in control of the central bank for whatever political reason decides to expand it. It also has no means of contracting the money supply, not as stated. The current systems relies on financial institutions presumably needing to be paid back, and thus generally issuing loans when repayment looks likely (which will sometimes be a good business plan). This keeps the decision as close to the business reality as you can, making borrowers and lenders the eyes and ears of the system. Centralize that, and you cut off an enormous supply of information, information absolutely necessary to make these decisions.
Personally, I think the problem with the current system isn’t a banking problem, but a problem of rent seeking opportunities just being left out there to serve as sources of private revenue. It’s the equivalent of selling tax farming contracts but then letting the taxman keep everything they take. Start treating them as sources of public revenue (start with land value taxation), and you won’t have banks making loans for non productive “investments”. Without these opportunities, there would be no basis to continue making loans when there aren’t any real investment opportunities to put that money into. The credit supply would naturally wax and wane with the rest of the economy.
Seconding Brother. You’ll pay more up front for a laser printer (and Brother makes a good affordable one), but you’ll save ridiculous amounts of money on ink (toner).
Has anyone else noticed how prevalent Hexbear posters have suddenly become? Maybe sometime last week I noticed nearly every political post had at least one long thread of Hexbear users that do nothing but repeat CCP talking points while waving anyway anything even remotely reliable as Western propaganda. That or getting all...
Bots are cheap, and Lemmy is growing. It would be foolish for them not to get in on this early.
You are right, of course, that leftism != liberalism. But just saying that doesn’t count as an argument. I haven’t yet seen what Menachem is complaining about, but I will be paying attention.
EDIT: On further read, you guys kind of feel at the very least like the left-wing equivalent of somethingawful.com.
I wonder what their long term goal is. Surely it isn’t only to invest ridiculous amounts of money into property with a low potential return on investment. Either real estate investors are taking crazy pills again and we’re due for another collapse, or there’s a more sinister long term game here.
I imagine some are genuinely mad about the nudity, I imagine. Remember “video games are for children” and “if a child sees a nipple (let alone a penis!) the apocalypse will begin”. Just because gamers are gamers doesn’t mean they’re not still part of the larger culture.
It all reminds me of the controversy among older TES fans over the lack of nudity in TES3: Morrowind. There was a lot of European vs. American in those threads (and we had a genuinely cross-pond fandom back in those days). Arena and Daggerfall had nudity, and a few of our European posters expressed indignation over the change.
In Street Fighter at least, there’s at least as much male skin shown as female… more, really, due to the fact that males are allowed to go bare chested. From Ryu’s chest bush popping out of his gi, to Balrog wearing nothing but a pair of shorts, there’s no shortage of male skin in those games.
Not for Donald Trump, and not for another generation or so, I’m thinking. The Justice Department has bought us that much. But the underlying issues that lead to Trump’s popularity remain. Donald Trump wasn’t simultaneously uniquely dangerous and unaccountably stupid. He was just a spark in a mismanaged and neglected forest in which fire is long overdue. The blaze was put out this time, but it’s only a matter of time.
The industry can’t learn this lesson from their customers, because they didn’t get the bad idea from their market. It’s a society-wide trend, a symptom of a whole economy under the control of a narrow coproate elite that knows little to nothing about the industries they control or the products they produce. They contribute nothing to the productive process. They only work to streamline the parasitism that infests our society.
I have experienced this on the production end, as well. I used to work in pest control. For a brief period of my career, I was lucky enough to work for a midsized regional company, grown from a small family business, that was focused on solving actual customer problems. We did tons of one shot work. We did do quarterly and bimonthly service, but there was no particular pressure to subscribe, or to cajole customers who wanted to cancel service (because we’d successfully dealt with the problem) into continuing service.
Then the elderly couple that owned the company sold us to a global megaconglomerate (one of the “Big Three”). Over the course of a year, our focus changed. “Recurring revenue” was now the watchword, which is a tough fit in an inherently seasonal industry. And the reason they do this, in pest control, in game development, in every industry that can potentially produce any kind of surplus wealth, is because the owners (“investors”) neither know nor care about any of the details of the industries they control. All they want is regular and ever-increasing revenues, in exchange for nothing at all. You can’t even say it’s in exchange for access to their savings, because though there is a little actual savings in the system, that’s chump change compared to the ever growing wealthy elite that controls our society and devours our productivity.
I see a different future. The tendency of wealth to be drawn upwards as position comes to replace labor as the primary means of gaining wealth ultimately puts a cap on progress. It’s a soft cap, meaning it might happen sooner or happen later, but it will happen sooner or later. Eventually, the imbalance reaches a tipping point, where the slightest jolt to the system sends the entire thing crashing down. Maybe people get pissed enough that general rebellion breaks out. Maybe the population becomes sufficiently stressed and undernourished and, therefore, immunocompromised that a global pandemic goes well beyond COVID into Bubonic Plague territory. Maybe peoples faith in the system becomes so thoroughly damaged that law breaks down generally, forcing those ultra rich to devote so many resources to security the people providing the security become the new elite. Allowing “position” (in Classical Economic parlance, “Land”) to be in itself a source of private revenue sows the seeds of destruction for a progressing society.
Of course, once enough people die and enough capital is destroyed, society starts over again, going once again through an age where labor is in the drivers seat, until population and capital base recovers.
“Your client’s defense is supposed to happen in this courtroom, not on the internet,” Chutkan told Trump’s lawyers.
The Internet is exactly where Trump wants his defense to take place. Contamination of the jury pool is just one of the tactics he will use to try to stretch this trial beyond 2024. He’s running for President like a Roman Consul, desperately trying to be in office due to a belief that so long as he’s in office, he’ll be immune to the legal consequences of his actions.
At some point in this millenium, it became ubiquitous in games to ask for a button press before switching to the main menu and it has become a pet peeve off mine....
Neither of these things can be true, because they’ve been around since long before Microsoft got into the console game. I’m pretty sure Atari 2600 games had that prompt. I know NES games did.
You might consider avoiding the situation entirely, at least while they’re still too young to understand how to accommodate people. Was there some particular reason your outing needed to be in a space where supervision needed to be constantly immediate? Consider the park, a playground, somewhere w little rough and tumble is expected where you can withdraw into your mind a bit as necessary, where the only source of light is the sun, and sounds don’t echo off walls and stuff. A nice open space where you can sit, and they can run.
I don’t know a lot of them, mostly just a set of Star Trek ones I heard on Doctor Demento decades ago. But recently I have enjoyed Aurelio Voltaire’s “USS Make Shit Up”.
I once saw a video talking about how the katana isn’t the right sword to compare with a longsword. Longsword was a battlefield weapon; katana was more of a decorative sidearm. Kind of like an officer’s sabre. Another weapon, called a “tachi” if I recall correctly, was more common in an earlier era when Samurai spent far more time on actual battlefields. It was a longer and heavier blade.
"How was your day?" "Can you tell me about yourself?" "What do you think about [topic]?" (lemmy.world)
Trump indicted in Georgia (thehill.com)
Sci-fi gripe: holograms for personal devices (i.pinimg.com)
What do cell phones look like in the year 2144?...
What are the advantages of the fractional reserve system?
If banks would not be allowed to lend out more than what they have in terms of deposits, or if they would only be allowed to lend out twice that amount, what would be the most significant difference with the current fractional reserve system (in which the cash-reserve ratio can be as high as 1:9)?...
Canon Is Getting Away With Printers That Won’t Scan Sans Ink — But HP Might Pay. (www.theverge.com)
What's the deal with Hexbear?
Has anyone else noticed how prevalent Hexbear posters have suddenly become? Maybe sometime last week I noticed nearly every political post had at least one long thread of Hexbear users that do nothing but repeat CCP talking points while waving anyway anything even remotely reliable as Western propaganda. That or getting all...
deleted_by_author
Let's Just Calm Down About The Nudity In Baldur's Gate 3 (www.dualshockers.com)
Looking at you, streamers and angry defenders of Japanese ‘fanservice’ games.
GOP Rep. Maddock on tape: ‘We’re going to have a civil war or some sort of revolution’ | Michigan (michiganadvance.com)
The Main Lesson From ‘Baldur’s Gate 3’ Should Be ‘People Hate Microtransactions’ (www.forbes.com)
If reception to Baldur’s Gate says anything, it’s that people hate microtransactions in their AAA games.
Bizarre 'demon' particle found inside superconductor could help unlock a 'holy grail' of physics (www.space.com)
The transparent, chargeless quasiparticle could shed more light on the underlying mechanics of superconductivity
US Judge warns Trump against 'inflammatory' remarks – DW – 08/12/2023 (www.dw.com)
Trump barred from having phone over "tendency" to "hold onto" materials (www.businessinsider.com)
Judge Chutkan ruled that Trump can’t have any electronic devices while reviewing discovery documents in the DOJ’s January 6 case against him.
I don't want to "Press any key to continue" to the main menu
At some point in this millenium, it became ubiquitous in games to ask for a button press before switching to the main menu and it has become a pet peeve off mine....
Previously Secret Memo Laid Out Strategy for Trump to Overturn Biden’s Win (www.nytimes.com)
The House Jan. 6 committee’s investigation did not uncover the memo, whose existence first came to light in last week’s indictment.
How to avoid/handle meltdowns in public
I am married and have a couple young kids. Recently late diagnosed at 31 years....
What are your favorite Filk / Space-Ballards?
Carmen Miranda’s Ghost 05 - Some Kind of Hero...
The Folding of Japanese Swords: Turning "Crap Materials" into Masterpieces (lemmy.world)
'Dad, people are sending me pictures of bears': Baldur's Gate 3 boss Swen Vincke 'wasn't ready' for the bear sex scene to go so viral (www.pcgamer.com)
When your son's friends start sending him bear pics, you know you made a splash.