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fiachamp

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fiachamp
·5 месяцев назад·discuss
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fiachamp
·11 месяцев назад·discuss
Issue with technology accelerating nature...
fiachamp
·в прошлом году·discuss
Reddit data is already super corrupted with marketers and bot accounts. Why I use https://thegigabrain.com to filter thru the bs on reddit.
fiachamp
·2 года назад·discuss
In Cuba, the only wealthy people are government bureaucrats. As always, communism becomes dictatorship and the people suffer most. Top down control of economy doesn't work. I went to numerous tobacco plantations in Cuba and they told me the government takes 90% of their harvest and they're allowed to keep and sell 10%. I stayed with an OBGyn who gets paid $80 USD/month. He built his house out of cinderblocks. That's how you get rewarded for your 'free' education. Anyone glorifying communism is a fucking idiot with no life experience.
fiachamp
·2 года назад·discuss
That share of income from wages started its downward trajectory in 1971, when the US removed the gold standard and money-printing replaced hard money. The result was a man-manipulated interest rate fueled economy. Low interest rates benefit existing asset holders the most since they most definitively increase asset prices. Think about the simplest discounted cashflow, a perpetuity. When you change the discount rate r from 4% to 1%, the perpetuity value increases by 4x.