• 3 Posts
  • 28 Comments
Joined 2 months ago
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Cake day: April 29th, 2025

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  • Well your country may have been on stolen land, what if you had a group of people near you that wanted to take the land back by force; are you willing to give up your own house?

    The whole question is absurd, you’re not going to, and you’re also not going to let them continue attacking you, because your desire to save your family from rape and murder is greater than your empathy.


  • These Gazans are going to get eliminated, nobody wants to help them, just ask Kuwait and Lebanon. Israels tolerance for terrorism was the only reason they were still alive to begin with, and the murder spree has broken that tolerance.

    Imagine if you were an Israeli citizen and there were religious fanatics coming into your towns and murdering and kidnapping everyone, what would be your response and expectation of your government?














  • we got in this morass because the neoliberal state and its accompanying economy financialized every damn thing

    The problem is monetary policy, not deregulation. Deregulation of zoning and housing policy would actually prevent monetary policy from creating such a large housing bubble.

    Our Bank of Canada targets a 2% inflation, which means prices need to continuously rise as technology actively reduces goods prices, and we then exclude investments and housing appreciation entirely, and we do hedonic adjustments to discount goods inflation. Then there’s likely an element of shrinkflation, as company find tricks to cheapen products or degrade services, which lead to no inflation in the CPI but higher profits and then lower prices.

    So the money supply needs to grow via low interest rates, in order to provide a windfall to boomers to encourage them sell their real estate holdings, to create new bank loans, to increase the money supply, which turns into aggregate demand, in order to create inflation in the CPI.

    But we can’t build enough houses due to reverse neo-liberalism, so housing acts as liquidity sponges for cheap debt, and people hold them as investments in perpetuity since they think prices are always going to go up. Also as interest rates fall inflation falls, as interest expense is included in the CPI while housing appreciation is not, its a feedback loop due to its poorly constructed nature. The Bank of Canada now also buys half of all mortgage bonds to attempt to reverse this, so they’re actually printing money in order to cause deflation funnily enough, again due to the absurd way the CPI is constructed.