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"Trump is more respected by other nations than Biden" part deux dipshit boogaloo
I love long-discredited economic ideas making a comeback. As someone who studied Econ, it’s just peachy seeing people vote to be poorer because no one remembers the last 50 times this was tried and didn’t work.
Please, everyone read about the 1800s. I’m not completely hostile to crypto but so many crypto people are like, “What if we had a ‘free banking’ era? Surely, there’s no downside.” And you just slam your fist on the table and say “Please read one AP American history book. An actual textbook, not a YouTube video. I’m not a particle physicist because I watch PBS Space Time.”
I feel like in every field right now, experts are facepalming all the ignorant decisions being made.
I think you're right, and all of this is a side effect of mortgage-level paywalling of such education, and subsequent devaluing and even demonizing of it.
Resources like AP textbooks don't just come up in peoples' feeds. So they're probably not even aware of them even if they were interested in the subject. And if they are, they gotta scrounge around eBay or those "library" sites.
Either way, it won't reach the people who need to hear it most.
YouTube's gotten really bad with commercial and ideological interests, but I do appreciate some creators out there making an effort to create digestible educational material.
But yes, the cryptobros phenomenon , or "DOGE" just being a re-vomit of failed Reagan/Thatcher-esque grifting policies, it's all being pitched as something brand new and never done before.
Thanks for highlighting that I should check out 1800's era "free banking" economics though. I'm really curious. :)
Could you give me a quick summation of why a free banking era is a bad thing and how it relates to the 1800s?
Not trying to start an argument, just genuinely curious
So, essentially, every bank was issuing its own currency. But banks fail all the time. And no one knew what was real money. I’m saying this on Lemmy so I’m clearly for distributed things but cash money needs a central bank, for trust reasons. Gold is a stable element so it was that for centuries but it also led to horrible things. Like an entire hemisphere dying of smallpox.
So, long story short, after WWII. we settled on the U.S. dollar, which was then pegged to gold. Eventually, Nixon decided to unpeg it from gold. Which was fine because gold was arbitrary. We could have pegged it to any element on the periodic table. Bretton Woods is what to google to read more.
So, what is the dollar backed by now? Mostly the U.S. Navy and trust built over time. It’s not perfect. America has never defaulted on its debts and you can exchange dollars for local currency at any airport. The independence of the U.S. central bank is a big reason. But if you’re writing a contract for a global deal, you use dollars. If Argentina wants to buy something from Vietnam, the contract uses dollars.
In the 1800’s, there was no agreed upon currency. Banks made their own currencies. And it was a catastrophe.
Vlad and Xi hi-fiving.
Indeed and the BS, from the Orange Stain, are orders from Moscow to divide NATO and US allies.
I've said this before, the EU should just invite Canada into the Union.
Nice idea, but it’s not a good thing to distance yourself from your closest trading partner…just ask the U.K.
I'm.not saying Canada has to take the offer, just that it's something that should be on the table for trump to chew on.
I see your stance now. Down with that mate.
Canada would have to switch to European standards instead of US ones. Their companies wouldn't be happy.
How do Canadian companies like tariffs? Just saying, it's not impossible...
I’d like them to focus on taking all the Americans who can contribute to the economy. I volunteer for tribute.
The problem is Canada doesn't want a bunch of Americans.
We don't want their guns, the litigiousness, the exceptionalism and the arrogance, but other than that, we actually love Americans.
Tell me about it. Buddy of mine married an American, a texan, she's fairly liberal as far as they go...
She just had a baby and was granted 18 months maternity leave, didn't pay a dime, had an in home nurse due to complications. All for free.
We just talked about how she would prefer to have to pay her employer for health insurance rather than "Lose so much to these crazy taxes."
If a liberal minded, young person thinks like this, how many of them think like this? Stay to the south. Please.
The weirdest thing is that their thinking is so short-term. Like it didn't occur to her that those "crazy taxes" would also cover someone else's maternity process?
Texans seem to think they're top of the world and unstoppable "without those pesky taxes" until some family-illness or accident shows up and threatens to bankrupt them overnight.
It's all very short sighted and to be honest I can't blame them for their brainwashing most of the time.
They hear if places with 30, 40, 50% tax rates and are appalled but they don't realize that the combined income of a nation can more than subsidise education, healthcare and so much more while still affording an amazing quality of life.
They call Europeans poor because they don't own 50 acres and a McMansion with 3 mud crawlers in the garage.
My buddy's wife just doesn't understand how far out tax money goes and thinks our government is just as corrupt as hers.
Kind of. Some of my best friends and all that... lots of fabulous expats in my little exurban community. Usually great people with american cultural baggage that encourages a kind of heroic individualism that is no big deal until you're organizing in a group or the like. Not smug, more... socially entitled? It grates on local sensibilities sometimes, and it's hard to explain unless you apply an analysis of colonialism. We recognize the colonizers more than the other way around.