• @Nobody
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    498 months ago

    “We’re definitely not practicing a make-believe science designed to make sure the wealthy always benefit no matter the economic circumstances,” said the last economist with a fading shred of hope.

    • @militaryintelligence
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      418 months ago

      Stockholders expect unlimited growth. This has no drawbacks and is a realistic expectation

      • @[email protected]
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        68 months ago

        This is just terrible planning. I hate that economic philosophy.

        Inflation is real, though, and it is also theft.

        • Kalkaline
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          58 months ago

          Which is why you take out a shit ton of loans when interest rates plummet again, let the banks take the hit on inflation.

          • @[email protected]
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            18 months ago

            They win anyways in the US at least. They borrow from the fed which means that they can take a loan out at a lower rate than they give you and pocket the difference. Then if it was not enough they can resell and repackage loans and let some other sucker deal with it. Annnd if that not enough they can create derivatives on packages of the loans (2008 was example of it blowing up) and sell those. And for icing on the cake if they somehow fuck it up (as they have in the past) they can get bailed out, give themselves bonuses and do it all again

    • @Old_Fat_White_Guy
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      28 months ago

      Wasn’t that the “high” lobster named Price episode? LOVED that tie died shell of his!

    • Flying Squid
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      28 months ago

      Was Lobster Price voiced by Vincent?