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Awww cute
Awww cute
Are they sentient? The above qualities describe sentience to a certain degree. Do plants feel grief? Do they feel fear?
Or does the $900 they lent create a -$900 for the bank that is cancelled through repayment?
Correct (effectively). Remember how you are “loaning” money to the bank by depositing money in ur bank account? Think about it - if someone loaned you money, and you spent it somewhere, would you have 0 money or would you have negative money (in terms of cash)?
Interestingly, this is why Nordic countries technically have one of the highest wealth inequalities in the world. It’s because they easily get home loans as the government acts as their guarantors. Here’s a vid to explain this.
Holy shit. I get it! That’s a great explanation and I really appreciate your taking the time to type it all out. I’m glad we don’t have Lemmy medallions to award but, if we did, I’d give you one.
Awwww thankssss
But we’re just militant right?
Those EYYVIL hippies! Telling us not to commit murder??? TELLING US NOT TO DRINK COW TITTY JUICE??? HOW DARE THEYYYY
I’m a scientist, not an economist
I’m neither lmao. We just had a macroecon credit in my degree program, which is where I learnt about this.
Halp!
Now onto this… You’re kinda right but kinda wrong in that fractional reserve banking “creates money”. Here’s a way to think about putting your money in a bank. By opening a bank account, you are not putting your money in a vault. You are loaning it to the bank. The bank then loans it out to another person, who then “loans” it to another bank. Hence, fractional reserve banking is a natural side effect of this logic. What would happen if we had a 100% fractional reserve? Well, the bank wouldn’t be able to loan your money to anyone then. It would essentially become a vault.
Therefore, fractional reserve banking is necessary to make loaning money possible. Loaning money is necessary for obvious reasons.
Now to the “creating money” part. Sure, at the macro scale, you get a lot of virtual money in the economy. At the micro level though, individual banks aren’t creating money. They still have to get the money that they’ve lent out back. If they fail to do so, they’re going to go bankrupt. Banks would never go bankrupt if they could print money on a micro scale, right?
Okay, so now let’s zoom out back at the macro scale. Now, you can accelerate or decelerate the economy by controlling the ratio of money that is in circulation vs money that is out of circulation. It’s simple- more money in economy = more demand = more profits = more investments in increasing supply to be competitive = more work done. If this demand however drops, profits drop, and increase in supply drops. This is very bad as no work will be done. However, if demand increases too much for essential goods (like food, housing, etc.), it is bad as it can cause problems for people till the supply can catch up. The economy is going too fast in such cases.
Now, you can slow the economy down by many ways- by increasing interest rates, increases the fractional reserve and so on. This way, less people are going to borrow (you just reduced demand by this simple technique). You now reduced demand in your economy and slowed it down. The opposite can be done to speed the economy up.
Thank you for the post. The mental gymnastics that people go through to justify murdering these animals is crazy
Awww did we hurt your feelings?
Animals (cows in this case) feel pain, fear, grief and so on. Plants don’t. We can survive just fine without murdering millions of sentient animals.
Killing dogs and eating their meat is animal abuse. Doing the same to cows isn’t. Quite hypocritical if you ask me.
It’s a little more complicated than that. Without fractional reserve banking, the economy would be more difficult to control. I would recommend a quick macroecon video or something.
I myself took quite a while to really understand why this was legal even during my macroecon credit. It actually makes sense when you think about it.
Awww so cute! Now lemme murder this beautiful creature so that I can enjoy a good steak for myself! In no storybook would I ever be considered the villain! /s
Nazis are all in on vegetarianism.
This is totally not an attempt to make a bad faith argument against vegetarianism btw.
Absolutely correct decision. YouTube is just so incredibly poor. They really need money guys. In fact, we should set up a donations page to support this great organization that totally respects its users and artists while being very strict against spam, dangerous misinformation and state funded propaganda! /s
In other words like GPUs. GPUs suck ass at complex calculations. They however, work great for a large number of easy calculations, which is what is needed for graphics processing.
Then it’s a badly implemented system. A good system won’t be able to have such leaks.
Nooo ur documents. Not ur private key lol (it wouldn’t exactly be private now, would it). Let’s say u lose ur private key. U would have to manually do shit like u do when u lose ur passport.
What I’m saying is, ur identity being deleted only if the government AND u lose all ur data on all devices at the same time. Which is incredibly unlikely.
It’s like saying, “I don’t trust a papered system because the state buildings and my house could burn at the same time with my documents in them”
The government would have a copy as well! It’s just that it’s very hard for an entire government’s data and your data to get wiped at the same time.
Ah, yeah… Therein might lie an issue. 😅
But that’s an issue with papered systems as well, no?
It wouldn’t really affect u even if ur id got deleted. Let me explain. Ur id is nothing but information correct (your name, address, etc.). The same goes with contracts. What makes ur id special is that the government has verified it to be legit.
A very simple way of doing this is by making the government cryptographically sign ur id/contact. I would really recommend getting a functional understanding of how public-private key cryptography works. Basically, the government just has to put up its public key online. If u have ur id, u can verify if the document is issued by the government using their public key.
As long as the public key stays there, and u don’t lose ur id and contracts they won’t technically be lost.
Also, if the public key suddenly changes/disappears without being notice, everyone would know that something’s up. It’s like ur government building’s staff was suddenly replaced.
I can’t see how the blockchain would be particularly useful here either. The security features of the blockchain come at the cost of extreme energy usage. Storing documents using simple public-private key cryptography is waaaay more than enough imo.
Have u tried changing user agent? Get an add-on on Firefox with a similar name and change to chrome. The website will now think that u’r using Chrome. U could even change ur displayed OS if it has that big of a problem with Linux.