Betwixed and between

  • 8 Posts
  • 285 Comments
Joined 2 years ago
cake
Cake day: March 14th, 2023

help-circle



  • If a bank has $100, they can write a loan for $1,000; effectively putting $900 more into circulation. When that is spent, it gets deposited into a bank, which can then loan it out amplified again.

    Since there is not infinite money, there must be a gap in my understanding somewhere.

    While this is true, the only “new money” created in that loan is the interest becase the capital is paid back , albeit over decades.




  • As an Australian social media isn’t the problem, like the internet isnt the problem, its commersialisation thats the problem. The need to grow the custoner base sees outrageous behaviours from corporations like Meta, Google, Apple etal but that’s what they’re incentivised to do, so that’s what happens.

    This legilisation won’t solve shit. The government and the polotical class forcing citizens to use Facebook or Twitter to get information, they could start there.



  • You think non-tech people are gonna understand that?

    Yes becase they’re not looking to understand the protocol behind federarion anymore then you dowbt understand the protocol behind email, so they will grok better then you how it works bybusibg the email allegory, sending from gmail to outlook works for them.

    I also use the phone network as another allegory if their eyes do glaze over, i can be with one phone company and phone somone on another companies plan. They have little idead of the prorogation of radiowaves etc that makes that all work.







  • Quitting a job cold is one of the dumbest things you can do when you do not have any safety nets.

    I quit work at 35 and now 58. My only regret in life is not quitting earlier. I get mo pensions or welfare or inheritance, I’m just mindful of spending and ever since I was 19 I invested small amounts of surplus income in stocks and shares that ballooned over the decades to large amounts.

    Frugality includes all the other virtues.” – Cicero