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Cake day: April 29th, 2025

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  • I think its because deflation is when the money supply is contracting and less debt is being created, so asset values begin to be valued at their actual value instead of their inflated nominal value, and people are no longer encouraged to attain the cantillon effect that drives up asset values.

    Which an inflated nominal value then causes more consumption via the wealth effect, and the misallocation of capital known as the business cycle, that requires bailouts via money printing in order to debase people on fixed income which provides riskier debt issuance and more innovation.


















  • What if I’m against immigration due to a housing bubble that is destroying the poor and dramatically increasing price to income ratios, am I a racist or a saint?

    I think anyone with a brain can see that in many countries mass immigration is being used to depress wages and invert the phillips curve after QE, or to prop up GDP to avoid a technical recession in favor of a per-capita recession, which is for some reason not defined or acknowledged. It also clearly hurts the poor and benefits the rich via asset price inflation and higher rental income.


  • China produces the bulk of rare earths the US uses for things like military production, which puts the US as dependent on China as Canada is dependent on the US. The reality is absurd no matter which way things go.

    Europe is doing carbon border adjustments to attempt to do something similar if I’m not mistaken, though its still early stages.


  • The reason Trumps idea appeals to people for those unaware is that free trade destroyed a lot of union jobs, which were outsourced to emerging markets. After the industrial revolution unions fought for worker rights and salaries, and they were then shipped away to places that didnt have those rights, and they want to see a reversal of this.

    Not sure if its right or wrong, but you cant fault them for holding out hope, its actually a left wing ideal I would say, large government protectionism interfering in the free market. Saying that all factory jobs are bad is a silly retort, there are many factory jobs in the US already that people are happy to have; even ASML making advanced semiconductor fabs is a “factory job”.