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[–] [email protected] 15 points 7 months ago* (last edited 7 months ago) (7 children)

It's actually crazy how many adults are entitled children who don't know how to deal with issues

Acting like that can very easily backfire

[–] [email protected] 3 points 8 months ago (1 children)

We have that where I live and it honestly makes buying per weight / per sheet, incredibly helpful.

There's been so many times, just looking at the packaging, I thought it was a great deal to then see the per weight price and release what a rip off it was.

Massive quality of life for sure!

[–] [email protected] 15 points 8 months ago* (last edited 8 months ago)

History entered the chat

[–] [email protected] 3 points 9 months ago

Ohh Querns a fantastic game! And was developed by university students. They really captured the myst vibe for sure.

[–] [email protected] 1 points 9 months ago

Exactly, it's still a somewhat survival of the fittest world, especially politics. Certain psychopaths get in as they have the skill to take down their opponents at whatever the costs.

Then these people with their morals and ethics have the power to make global decisions.

[–] [email protected] 1 points 9 months ago* (last edited 9 months ago)

We made the money printers to brrr for a very long time with almost no inflation

You can't print without consequences. The more you pump into circulation, the more currency you need to buy the same goods and services. You're basically losing purchasing power.

If you give everyone a million dollars, you're going to see prices increase. If prices don't rise, people could buy out entire stocks of goods and you'll have supply problems. So you need prices to increase to adjust for the amount of currency circulating. That's inflation.

Chart on your purchasing power over the years:

[–] [email protected] 2 points 9 months ago* (last edited 9 months ago) (1 children)

Are these record profits adjusted for inflation? As in, are they earning more or is it nominally higher?

My logic being, overhead gets more expensive as the currency diminishes. Companies raise prices (which you're seeing) to offset that. And then nominally, yes they'd be making record numbers. Like Zimbabwe, they made record numbers when they had hyperinflation. Didn't mean they were doing well.

And yeah I mean it's not just devalued currency, there are a lot of factors that go into inflation. But Id say it's one of the biggest contributors for sure.

Interest rates stayed low for too long and people borrowed up to their eyeballs (corporations included), pumping a lot of currency into the market. That's got to account for something no?

[–] [email protected] -5 points 9 months ago (5 children)

Until they stop printing money and devaluing the dollar...

Too many people think inflation only means price increases. That's just a symptom. If banks and governments keep flooding the market with cheap loans and subsidies, you're inflating the money supply, meaning you're adding more money into circulation.

The more money sloshing around the more you'll need to purchase goods (hence why your dollar starts to devalue)... And hence price increases.

And no government is doing enough to solve inflation, even with these rate hikes.

[–] [email protected] 1 points 9 months ago* (last edited 9 months ago)

You're forgetting that superannuation, 401k, retirement funds that everyone pays for goes into stocks too.

Technically speaking you could be a shareholder.

In an ideal world, the company can use this to further expand without taking on debt.

What raspberry pi will do though, we shall see. But it's not always so black and white.

[–] [email protected] 9 points 9 months ago (1 children)

Exactly, it's a speculative asset based on the greater fool theory

[–] [email protected] 5 points 10 months ago (1 children)

It's kind of a big difference. If a company makes 300M but spends 400M it's unsustainable despite it being huge numbers.

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