Money is a commodity, but you don't want it to behave like one. That's where fiat currency comes in.
Inflation, or at least the threat of it, prevents hoarding. It has a realistic and useful effect on value in that it makes money decay over time.
1,788 karma · joined April 25, 2011
Inflation, or at least the threat of it, prevents hoarding. It has a realistic and useful effect on value in that it makes money decay over time.
That's why.
But you're saying there are scientists claiming GW causes these naturally occurring phenomenon.
The problem with GW is the same problem with most decentralized political movements. Since no one defines the scope of the movement, any wingnut can co-op the movement with their own BS.
They need a solution to watch their solution that watches their configs.
For instance, I'm married and I can make $120k (with no other income) of long term capital gains and pay $2.5k in federal taxes on it.
The cap gains bracket is progressive.
Source:https://turbotax.intuit.com/tax-tools/calculators/taxcaster/
Again, YOU wouldn't. You're projecting.
The argument is that a poor person (in the US) can't buy unprocessed food because they don't have a grocery store nearby.
Again, we're right back to where we started with elitist mentality.
You think poor people care about brown rice VS. white rice? What next, are you going to say, "yeah, but organic, free range, free trade, hand picked, carbon neutral rice costs 5x more, and what, no salad?". No one cares but you.
What I see here is a bunch of rich people projecting their difficulty making a simple meal on to poor people.
That's just not true. It's cheap to you. It's actually terribly expensive compared to a bag of rice and potatoes, which you can buy in bulk and cook easily with a hot plate and a pot.
This is a problem elites constantly have. They keep projecting their mindset onto everyone else.
>In many areas poor people don't actually have much choice.
They don't have a Whole Foods a mile away, so they can't get a bag of rice? Everyone is a victim these days.
Oh, wait...
https://www.amazon.com/dp/B00CO0COAI https://www.amazon.com/dp/B007S9ULGY
Free shipping anywhere in the US. If you keep telling people they're a victim soon they'll agree.
You get the idea. Far too many variables to just say the 3x increase was just because she dropped dotnet...or even played any part.
There are plenty of people writing dotnet code with some making 3x more than others.
This article has no climate scientist mentioned.
These are business people who are talking more about legislative risk and consumer trends than loss from GW related events.
If you think GW is a man made disaster, then you need no qualifications.
If you don't, there aren't enough qualifications on earth for your opinion to matter.
This is hilarious. I think of the Cape as pretty tech starved, but I see why we all ended up in the comment section of this post!
Frankly, the problem with the press in the US is that it's lost all credibility and is mostly filled with activist instead of journalists.
Progress doesn't subvert the laws of supply and demand.
[1] https://cincinnati.craigslist.org/apa/d/cincinnati-stunning-...
The thing is, US currency is global commodity and as such is subject to supply and demand forces. The Fed targets a 2% inflation rate, which strikes a nice balance.
If the currency appreciates, people will hord it and a currency bubble will cause major economic problems.
Just look at bit coin. It currently worth $20,000, no wait $10,000, no wait $17,000, no wait...
Now try to base a functioning economy on a commodity that has wild swings. It can't be done well.
Banks don't have a strangle hold on providing capital.
I'm not sure how free money makes consumers a better judge of value, when the did nothing of value to get the free money.
In fact, behavioral finance studies have show that people use "mental accounting" and free money is seen as having little value.
He's willing to die over data models that have been predicting dire consequences in ten years, but they've been doing that for the last 30 years.
It's sad to think what that kind of commitment could have produced if it was directed at real problems.
A problem is when too many people are poor, not when too many people are rich.