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Cake day: April 29th, 2025

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  • I think its because deflation is when the money supply is contracting and less debt is being created, so asset values begin to be valued at their actual value instead of their inflated nominal value, and people are no longer encouraged to attain the cantillon effect that drives up asset values.

    Which an inflated nominal value then causes more consumption via the wealth effect, and the misallocation of capital known as the business cycle, that requires bailouts via money printing in order to debase people on fixed income which provides riskier debt issuance and more innovation.















  • What if I’m against immigration due to a housing bubble that is destroying the poor and dramatically increasing price to income ratios, am I a racist or a saint?

    I think anyone with a brain can see that in many countries mass immigration is being used to depress wages and invert the phillips curve after QE, or to prop up GDP to avoid a technical recession in favor of a per-capita recession, which is for some reason not defined or acknowledged. It also clearly hurts the poor and benefits the rich via asset price inflation and higher rental income.




  • The further you get from the gold standard the worse life you’ll have. Though you might have more social media and gadgets you’ll have a smaller house and worse quality food/services, as everything is financialized through debt in a futile attempt to force the elderly who own all the assets to consume every greater amounts, as automation progressively decreases the costs and companies find more advanced ways to shrinkflate products.