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Joined 3 个月前
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Cake day: 2025年2月20日

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  • Thats our monetary policy. People must consume more every year to create more inflation, as technology actively reduces the price of goods.

    If goods get cheaper we have deflation, they create more money supply via lower interest rates, and the price of inelastic shelter gets bid up, and asset holders receive a value windfall until prices rise. Which is why we are at a higher price to income ratio than 2007.

    People born closer to the gold standard are richer, they got in when currency wasnt tethered to consumption.


  • Carney said he was going to cut 28b in government spending via AI. If that isn’t DOGE in a nutshell I don’t know what is.

    At the same time we will have nearly double the immigration numbers the Cons want, into an extreme housing shortage. Specifically a 1% cap of 430k, making them the party of cheap corporate labor.

    All great things if you own equities and assets, but if you’re poor you get a yearly 500$ dental check funded entirely by debt and future austerity, as they’ve already rolled back the capital gains hikes.