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Cake day: June 13th, 2023

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  • So if I understand correctly, the reason it’s outdated is not because we don’t need those pesky banking regulations any more, but that it has been found that banks will just take out their own loans to cover the reserves they need from the central bank, so they can just lend as much as they want, no seatbelts. And the central bank will never run out of loans to give, since they have insane reserves, in their own currency it is technically unlimited.

    So money is not really the thing we think it is. If banks overextend themselves and fuck up, the only thing we’ll see instead of failing banks is runaway inflation in the consumer and asset (housing) markets. Wonder where I’ve seen that.













  • maynarkh@feddit.nltoLinux@lemmy.mlHow do you say SUSE?
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    5 months ago

    That’s about as accurate as if I was adamant that the USA was not pronounced yoo-ess-ey, but ooh-sha, like everyone around me said it for as long as I can remember.

    Non-anglophone countries exist, and there are actually more of them with more people than anglophone countries, and most of these projects come from non-anglophone countries.



  • What you’re saying is true, but in my book, a market is not free because of the lack of regulations.

    Free markets are not stable things, and without regulation, they fail. Regulation keeps markets free. My definition of a free market is the econ 101 one, which is many competing companies, who all are individually unable to affect market prices. Not the weird ancap one, where we throw the reins in between the horses and let companies consolidate into a fascist dictatorship.