Skua

joined 8 months ago
[–] [email protected] 28 points 2 weeks ago (5 children)

I worked out the Monopoly strategy of buying houses aggressively and refusing to upgrade to hotels

In Civ VI, I let my friend conquer a city from me because that put her civ over into having a majority of its cities following my religion, which won me the game

[–] [email protected] 5 points 2 weeks ago

Heads up, you've got your link and your text the wrong way around. They need to go [text everyone sees](actual URL)

[–] [email protected] 13 points 2 weeks ago

Sanders turns out to have no idea how to play a shooter game and the next day every news outlet reports that he defected to the communist automatons

[–] [email protected] 25 points 2 weeks ago (3 children)
[–] [email protected] 10 points 2 weeks ago (1 children)

Moldova just voted for European integration despite what seems to have been extensive Russian efforts to push it the other way

[–] [email protected] 12 points 2 weeks ago

You quoted me doing exactly that, why are you acting like I didn't?

[–] [email protected] 10 points 3 weeks ago

Super layman's explanation ahead, there is a high chance of me getting something wrong here:

Very broadly, inflation can be caused by there being more money to spend than there are goods to buy with it.

If there's €10 in the system that is available to be spent and an amount of goods that was worth €5 yesterday, the goods are probably going to be worth €10 now.

When a bank gives a loan to someone, it effectively creates new money. This doesn't need to involve actually making new money in the sense of a mint or even a central bank. If I possess €100 of actual physical cash and I give €50 loans to five people, that's totally fine so long as I can rely on no more than two of them actually requiring hard cash at a time before they pay me back. So now I have essentially "created" €150 more than there was before. And so long as everyone trusts that I can actually show up with €50 on demand, they can act as if they have the €50.

The central bank's interest rate is what the central bank will pay me if I keep my €100 deposited with them. If that's 5%, I'll have €105 next year. As such, I will only offer loans if I expect to make more than €5 off of them once they are all repaid.

So if the interest rate is 21%, you are gonna need a hell of a business plan to be able to beat what I'd get by just leaving my money with the central bank. I am now unlikely to lend any money unless someone can persuade me that they'll beat 21%. As such, I'm no longer loaning money out to all of those five people. Only two of them have plans that are that good. Now, there is way less money available to spend than there was in the other scenario, because two people have €50 each instead of five. If the amount of goods to buy stays constant, then by the principal from the very start of this mess there is less inflation. Buyers don't have more money to spend, and prices remain lower.

[–] [email protected] 1 points 3 weeks ago (1 children)

And your solution is to give it to the guy who did the exact same thing more actively and who is promising to do it harder? Right. Sure.

[–] [email protected] 46 points 3 weeks ago (7 children)

Strictly speaking there aren't term limits for the UN Secretary General. By convention it's five years per term, two terms max. Guterres is currently three years into his second term.

Honestly though I'm not sure that him attending the BRICS thing is a bad move. Surely his job is to try to foster discussion across hostile lines? I don't know what his actual conduct at the conference was, but I can definitely imagine that an attempt to push for peace is within plausibility

[–] [email protected] 1 points 3 weeks ago

Alright, look, I appreciate the back and forth but I don't think we're going to get anywhere here. We do both, at the very least, agree that minimising Palestinian deaths is the goal. I'm not persuaded by your analysis of much of this, and you're not persuaded by mine. Hopefully things go the way that whichever one of us is right wants

[–] [email protected] 13 points 3 weeks ago

I bake a lot of bread, including for my coeliac stepmother, so I've taken to labelling the loaves gluten-free and gluten-expensive

[–] [email protected] 1 points 3 weeks ago (2 children)

You don't think a Trump administration would ditch America's position in Europe if that was what was needed to do what he wanted to do? In light of how he acted throughout 2016-2020?

We've already seen in the Red Sea that America is quite capable of using its naval and aerial assets without shifting the budget. They aren't magically crushing the Houthis because yeah, of course bombarding people from offshore doesn't make them want to fight you less, but I sure as fuck don't want to see what America is doing to Yemen also done to Palestine on top of what's already being done to it. Especially since Palestine is far denser with civilians.

And, of course, they absolutely could just spend more. That would not be even slightly unprecedented. The budget is currently close to the smallest as a percentage of GDP that it has been since before 2001.

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