@SmithWillSuffice@climatejustice.social
I am still never satisfied to read fiat money is given value because it is taxed. Yeah sure it’s an element of it, but in the larger context of being the legal means to settle all debts, public and private. I am currently reading temples of enterprise and it’s hard to look at what Michael Hudson is saying as money being an IOU. It was a medium to legally settle debt.
Sure, bank notes have a history as a laundry ticket to get back your clothes, but that isn’t all of it
@SmithWillSuffice@climatejustice.social
I am reading through your GitHub publication by the way..
So I’d like to run this by you because I recently heard that up to 97% of the money supply is commercially created money (outstanding loan principals). That number seems to be incredibly high to me, but it was stated in the Forbes magazine article, on how banks create money.
Even so, the number I normally heard is that private credit is twice as large as the negative balance of the national government.
@SmithWillSuffice@climatejustice.social
I kind of throw it under the enlightenment fetish. If people agree on some factual data point that they’ll necessarily derive a specific moral judgment about it.
But yeah, horseshoe facts are easy to understand if you appreciate the original meaning of left and right. If you define the left is egalitarianism and the right as hierarchy. Then there is no horseshoe effect. There’s just people labeling themselves for marketing purposes.
@SmithWillSuffice@climatejustice.social
I am still never satisfied to read fiat money is given value because it is taxed. Yeah sure it’s an element of it, but in the larger context of being the legal means to settle all debts, public and private. I am currently reading temples of enterprise and it’s hard to look at what Michael Hudson is saying as money being an IOU. It was a medium to legally settle debt.
Sure, bank notes have a history as a laundry ticket to get back your clothes, but that isn’t all of it
@economics-that-works@a.gup.pe
29 min
If anyone thought that Gary didn’t have a grasp on the realities, go to the 26 minute 40 sec mark. Because he really does.
https://www.youtube.com/watch?v=Up5tpxshHfQ
#ukpol #uspol #economics
7 min
Remember who the snake is when you listen to who is reading the poem.
Every accusation is a confession from those folks
https://www.youtube.com/watch?v=U-FR0RMGwVw
In case people here felt differently, AI is not gonna save us.
But more importantly, it’s not gonna save big tech. They are busy burning the economy to the ground.
This is a third in the series of common sense skeptic discussing the status of space and starship, and the occupation of Mars.
41 min
Anyone who is interested the level of shadiness with regard to Starlink is on display in the first five minutes
https://www.youtube.com/watch?v=ViVSxOGMERI
#spacex #starlink #musk
@dlakelan@mastodon.sdf.org
These kids are so lucky that they got them started young.
https://www.youtube.com/watch?v=7_CZuWHHTkg
35 min
I’ve just started watching this, but I agree with the opening statement. We should be more angry. We shouldn’t tolerate people with more than $100 million or maybe not more than $20 million in personal net worth. Corporation should also be limited in size. I don’t have a solid number but 500 million is probably large enough.
Wealth disparity drives poverty. It drives the cruelty and the destruction we are all enduring
https://www.youtube.com/watch?v=AdIaMxMNzzw
#climatechange #economics #politics
Mark Maslin’s ending remarks are right on the money.
One of the most important discussions we need in dealing with the climate is a complete rethink about what matters to us.
Because the money and the brick rack don’t count for nearly as much as a people we care about. Community gives us meaning and purpose.
This is how humanity evolved
35 min
I’ve just started watching this, but I agree with the opening statement. We should be more angry. We shouldn’t tolerate people with more than $100 million or maybe not more than $20 million in personal net worth. Corporation should also be limited in size. I don’t have a solid number but 500 million is probably large enough.
Wealth disparity drives poverty. It drives the cruelty and the destruction we are all enduring
https://www.youtube.com/watch?v=AdIaMxMNzzw
#climatechange #economics #politics
At the 16 minute mark or so, here is a climatologist repeating something that I had stated earlier that 1.5 is a global average, but that temperature changes are not evenly distributed over the Earth. Higher latitudes experience greater temperature changes and this means much more dramatic changes in weather extremes.
Climate reporting has been terrible on this point and to some degree the IPCC has done a disservice by suggesting that the global South will feel the worst of it.
#climatechange
@dlakelan@mastodon.sdf.org
@ChrisMayLA6@zirk.us
We should embrace the fall.
Who would’ve thought Hobbes, Burke, or Russel Kirk were wrong.
https://aeon.co/essays/the-great-myth-of-empire-collapse
H/t @largess@mastodon.au for the link
GhostOnTheHalfShell