#Inflation (Economics)
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butch-enjoyer · 4 months ago
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Horrible dnd ideas
Hyper inflation!!!
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After defeating a dragon, you distribute the humongous hoard among everyone in the village and its serounding, making the prices of good and services skyrocket!
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anghraine · 11 months ago
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I finally read a good article about Austen and eighteenth-century socioeconomics that gives rough approximations of eighteenth-century prices/incomes in modern (I think c. 2014) currency, but is appropriately emphatic about just how rough those approximations must always be given drastic differences in the economic worlds we live in. It's actually much more about the economics than Austen, and particularly about how much descriptions of "middling" incomes and what was affordable to people who had those incomes is still a conversation about a tiny, tiny elite in terms of the overall population at the time.
Austen-wise, though, the author also found room for a tangent in which he goes off on a scathing condemnation of Mr Bennet in socioeconomic terms, which I do love to see. Most baronets generally had land and incomes far closer to Mr Bennet's than Darcy's and yet Mr Bennet can't be bothered to even slightly provide for his children's futures beyond what was legally required by his marriage settlement (even the girls' meagre inheritances mostly come from Mrs Bennet's money rather than his). The author acknowledges the passage about Mr Bennet saving to counteract Mrs Bennet's extravagance and also how this is an indictment of Mr Bennet as well as Mrs Bennet, something that criticisms of him often skate past, and even points out how enthusiastic Mr Bennet is about the convenience of Darcy paying for it all in a way that can be read as funny and endearing, but also as distastefully shameless.
Anyway, it was nice to enjoy an academic text again, lol.
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allthecanadianpolitics · 1 month ago
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As grocery inflation outpaces overall inflation for the third month in a row, many British Columbians are finding themselves squeezed and increasingly worrying about debt.  Canada's inflation rate eased in April, following the federal government's removal of the consumer carbon tax and lower crude oil prices.  Despite that, grocery prices saw a 3.8 per cent year-over-year increase last month, up from a year-over-year jump of 3.2 per cent in March. Some non-profits say the higher prices are placing more British Columbians in a crunch.
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rotzaprachim · 8 months ago
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"i voted for him because MY groceries are expensive" says woman who voted for the man with the Adding Additional Prices to Goods Campaign
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clown-ged · 11 months ago
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a "penny for my thoughts?" sir, that phrase originated in the 1500s. adjusting for inflation, I'm gonna need at LEAST $0.38 out of this deal.
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coolnonsenseworld · 2 years ago
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Samurai and Ninja in crappy pics because December here is under a constant cloud and I just want y'all to see them all golden and cute without learning how to take aesthetic pictures 🥴 💙❤️😆🥰
linktr.ee/Mezzy
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dykedvonte · 3 months ago
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A crazy thing about Mouthwashing is that Pony Express lost communication with one of its freighters for months and didn’t send anyone to check.
A genuinely reputable company, or at the very least a decent one, would have sent someone, something out to check after about two weeks of silence. Two months is when the crew start questioning if they are even being looked for which implies they were already expecting it to take a while cause P.E just doesn’t care.
They don’t care about who they hire. They don’t care about the conditions they place their crew in or how safe the safety measures actually are. They just don’t care, made rules and regulations so they can care less and succeed in getting away with it with how little those ideas are discussed.
#back on remembering how little blame we give P.E very the real organizational problems that led to the interpersonal ones#there’s many facets to talk about MW in but it’s that people really down play the working class factor and that everyone on the ship are no#too far off from each other and you have to incorporate that into how things play out like the false prestige of being captain and curly#exudes creates this inflated idea he had unlimited capabilities to do much more when it’s clear he is ruled by the same restrictions just a#a slightly different angle same way Swansea as the mechanic can’t fix a vent not because it’s likely difficult but because he just lacks th#rescources and constant clearances needed so it’s a stagnant task#same way even when Anya gets to do nurse stuff it’s limited by what she is given#it’s all reflective about what they have to work with not being enough not even being barely enough#both on an aspect of actual tangible problems and subjective issues#something something boss makes a dollar the crew makes a dime curly makes a quarter and they all still struggle to stay above water#idk it’s very important and interesting and more tragic to me that they were all in the same bubble but their perceptions of each other and#priorities made them walk each other off and feel levels of resentment that should have been towards P.E like how Curly mainly resents them#but the others clearly take it to a more personal level like he got fired with them#is at the same point of starting over with nothing cause all his experience is worthless in a dying job field and all he got was papers tha#say he’s great at a role no one wants except for the one guy that forced him to exit#all of it for nothing all those years for nothing and he didn’t get to choose#I think it’s interesting that people assume curly got what he wanted when he wanted a choice in his future to continue as is or change just#because they feed so heavily into the birthday argument where a projecting Jimmy says Curly got what he wanted when curly corrects him ther#saying what he wanted was a life he didn’t have to escape from being forced out of something isn’t escape if you have no where to go or#everyone got to kinda make a choice whether we consider Jimmy crashing the ship or Anya telling Jimmy and later killing herself#curly being trapped feels so minimal cause it’s hard to recognize how he’s caged in by being the in between of the head and the crew he can#move freely through either as he has the power of boss to them and subordinate to the other he has to do what the company says to an extent#and hopefully mitigate anything the crew might do and the ‘perks’ of being captain are just different leashes he’s on with the crew and P.E#it’s like so hard to understand when you aren’t used to working in these type environments or have been in similar organizational power#structures but the crew being on the same sort of economic scale and class is so important to why and how they act the way they do#mouthwashing#mouthwashing game#pony express#curly mouthwashing#captain curly
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allthecanadianpolitics · 8 months ago
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The Bank of Canada on Wednesday reduced its key benchmark rate by 50 basis points to 3.75 percent, its first bigger-than-usual move in more than four years, and hailed signs that Canada has returned to an era of low inflation. The country’s central bank, which hiked rates to a 20-year high to fight soaring prices, has now cut benchmark rates four times in a row since June. Inflation in September sank to 1.6 percent, below the 2 percent target. “Canadians can breathe a sigh of relief. It’s a good news story,” Bank of Canada (BoC) Governor Tiff Macklem said during a press conference after the rate announcement. “It’s been a long fight against inflation, but it’s worked, and we’re coming out the other side.” Despite three previous cuts totaling 75 basis points, demand has been muted, sales at businesses are sluggish and consumer sentiment is tepid, hurting economic growth.
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mostlysignssomeportents · 1 year ago
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Real innovation vs Silicon Valley nonsense
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This is the LAST DAY to get my bestselling solarpunk utopian novel THE LOST CAUSE (2023) as a $2.99, DRM-free ebook!
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If there was any area where we needed a lot of "innovation," it's in climate tech. We've already blown through numerous points-of-no-return for a habitable Earth, and the pace is accelerating.
Silicon Valley claims to be the epicenter of American innovation, but what passes for innovation in Silicon Valley is some combination of nonsense, climate-wrecking tech, and climate-wrecking nonsense tech. Forget Jeff Hammerbacher's lament about "the best minds of my generation thinking about how to make people click ads." Today's best-paid, best-trained technologists are enlisted to making boobytrapped IoT gadgets:
https://pluralistic.net/2024/05/24/record-scratch/#autoenshittification
Planet-destroying cryptocurrency scams:
https://pluralistic.net/2024/02/15/your-new-first-name/#that-dagger-tho
NFT frauds:
https://pluralistic.net/2022/02/06/crypto-copyright-%f0%9f%a4%a1%f0%9f%92%a9/
Or planet-destroying AI frauds:
https://pluralistic.net/2024/01/29/pay-no-attention/#to-the-little-man-behind-the-curtain
If that was the best "innovation" the human race had to offer, we'd be fucking doomed.
But – as Ryan Cooper writes for The American Prospect – there's a far more dynamic, consequential, useful and exciting innovation revolution underway, thanks to muscular public spending on climate tech:
https://prospect.org/environment/2024-05-30-green-energy-revolution-real-innovation/
The green energy revolution – funded by the Bipartisan Infrastructure Act, the Inflation Reduction Act, the CHIPS Act and the Science Act – is accomplishing amazing feats, which are barely registering amid the clamor of AI nonsense and other hype. I did an interview a while ago about my climate novel The Lost Cause and the interviewer wanted to know what role AI would play in resolving the climate emergency. I was momentarily speechless, then I said, "Well, I guess maybe all the energy used to train and operate models could make it much worse? What role do you think it could play?" The interviewer had no answer.
Here's brief tour of the revolution:
2023 saw 32GW of new solar energy come online in the USA (up 50% from 2022);
Wind increased from 118GW to 141GW;
Grid-scale batteries doubled in 2023 and will double again in 2024;
EV sales increased from 20,000 to 90,000/month.
https://www.whitehouse.gov/briefing-room/blog/2023/12/19/building-a-thriving-clean-energy-economy-in-2023-and-beyond/
The cost of clean energy is plummeting, and that's triggering other areas of innovation, like using "hot rocks" to replace fossil fuel heat (25% of overall US energy consumption):
https://rondo.com/products
Increasing our access to cheap, clean energy will require a lot of materials, and material production is very carbon intensive. Luckily, the existing supply of cheap, clean energy is fueling "green steel" production experiments:
https://www.wdam.com/2024/03/25/americas-1st-green-steel-plant-coming-perry-county-1b-federal-investment/
Cheap, clean energy also makes it possible to recover valuable minerals from aluminum production tailings, a process that doubles as site-remediation:
https://interestingengineering.com/innovation/toxic-red-mud-co2-free-iron
And while all this electrification is going to require grid upgrades, there's lots we can do with our existing grid, like power-line automation that increases capacity by 40%:
https://www.npr.org/2023/08/13/1187620367/power-grid-enhancing-technologies-climate-change
It's also going to require a lot of storage, which is why it's so exciting that we're figuring out how to turn decommissioned mines into giant batteries. During the day, excess renewable energy is channeled into raising rock-laden platforms to the top of the mine-shafts, and at night, these unspool, releasing energy that's fed into the high-availability power-lines that are already present at every mine-site:
https://www.euronews.com/green/2024/02/06/this-disused-mine-in-finland-is-being-turned-into-a-gravity-battery-to-store-renewable-ene
Why are we paying so much attention to Silicon Valley pump-and-dumps and ignoring all this incredible, potentially planet-saving, real innovation? Cooper cites a plausible explanation from the Apperceptive newsletter:
https://buttondown.email/apperceptive/archive/destructive-investing-and-the-siren-song-of/
Silicon Valley is the land of low-capital, low-labor growth. Software development requires fewer people than infrastructure and hard goods manufacturing, both to get started and to run as an ongoing operation. Silicon Valley is the place where you get rich without creating jobs. It's run by investors who hate the idea of paying people. That's why AI is so exciting for Silicon Valley types: it lets them fantasize about making humans obsolete. A company without employees is a company without labor issues, without messy co-determination fights, without any moral consideration for others. It's the natural progression for an industry that started by misclassifying the workers in its buildings as "contractors," and then graduated to pretending that millions of workers were actually "independent small businesses."
It's also the natural next step for an industry that hates workers so much that it will pretend that their work is being done by robots, and then outsource the labor itself to distant Indian call-centers (no wonder Indian techies joke that "AI" stands for "absent Indians"):
https://pluralistic.net/2024/05/17/fake-it-until-you-dont-make-it/#twenty-one-seconds
Contrast this with climate tech: this is a profoundly physical kind of technology. It is labor intensive. It is skilled. The workers who perform it have power, both because they are so far from their employers' direct oversight and because these fed-funded sectors are more likely to be unionized than Silicon Valley shops. Moreover, climate tech is capital intensive. All of those workers are out there moving stuff around: solar panels, wires, batteries.
Climate tech is infrastructural. As Deb Chachra writes in her must-read 2023 book How Infrastructure Works, infrastructure is a gift we give to our descendants. Infrastructure projects rarely pay for themselves during the lives of the people who decide to build them:
https://pluralistic.net/2023/10/17/care-work/#charismatic-megaprojects
Climate tech also produces gigantic, diffused, uncapturable benefits. The "social cost of carbon" is a measure that seeks to capture how much we all pay as polluters despoil our shared world. It includes the direct health impacts of burning fossil fuels, and the indirect costs of wildfires and extreme weather events. The "social savings" of climate tech are massive:
https://arstechnica.com/science/2024/05/climate-and-health-benefits-of-wind-and-solar-dwarf-all-subsidies/
For every MWh of renewable power produced, we save $100 in social carbon costs. That's $100 worth of people not sickening and dying from pollution, $100 worth of homes and habitats not burning down or disappearing under floodwaters. All told, US renewables have delivered $250,000,000,000 (one quarter of one trillion dollars) in social carbon savings over the past four years:
https://arstechnica.com/science/2024/05/climate-and-health-benefits-of-wind-and-solar-dwarf-all-subsidies/
In other words, climate tech is unselfish tech. It's a gift to the future and to the broad public. It shares its spoils with workers. It requires public action. By contrast, Silicon Valley is greedy tech that is relentlessly focused on the shortest-term returns that can be extracted with the least share going to labor. It also requires massive public investment, but it also totally committed to giving as little back to the public as is possible.
No wonder America's richest and most powerful people are lining up to endorse and fund Trump:
https://prospect.org/blogs-and-newsletters/tap/2024-05-30-democracy-deshmocracy-mega-financiers-flocking-to-trump/
Silicon Valley epitomizes Stafford Beer's motto that "the purpose of a system is what it does." If Silicon Valley produces nothing but planet-wrecking nonsense, grifty scams, and planet-wrecking, nonsensical scams, then these are all features of the tech sector, not bugs.
As Anil Dash writes:
Driving change requires us to make the machine want something else. If the purpose of a system is what it does, and we don’t like what it does, then we have to change the system.
https://www.anildash.com/2024/05/29/systems-the-purpose-of-a-system/
To give climate tech the attention, excitement, and political will it deserves, we need to recalibrate our understanding of the world. We need to have object permanence. We need to remember just how few people were actually using cryptocurrency during the bubble and apply that understanding to AI hype. Only 2% of Britons surveyed in a recent study use AI tools:
https://www.bbc.com/news/articles/c511x4g7x7jo
If we want our tech companies to do good, we have to understand that their ground state is to create planet-wrecking nonsense, grifty scams, and planet-wrecking, nonsensical scams. We need to make these companies small enough to fail, small enough to jail, and small enough to care:
https://pluralistic.net/2024/04/04/teach-me-how-to-shruggie/#kagi
We need to hold companies responsible, and we need to change the microeconomics of the board room, to make it easier for tech workers who want to do good to shout down the scammers, nonsense-peddlers and grifters:
https://pluralistic.net/2023/07/28/microincentives-and-enshittification/
Yesterday, a federal judge ruled that the FTC could hold Amazon executives personally liable for the decision to trick people into signing up for Prime, and for making the unsubscribe-from-Prime process into a Kafka-as-a-service nightmare:
https://arstechnica.com/tech-policy/2024/05/amazon-execs-may-be-personally-liable-for-tricking-users-into-prime-sign-ups/
Imagine how powerful a precedent this could set. The Amazon employees who vociferously objected to their bosses' decision to make Prime as confusing as possible could have raised the objection that doing this could end up personally costing those bosses millions of dollars in fines:
https://pluralistic.net/2023/09/03/big-tech-cant-stop-telling-on-itself/
We need to make climate tech, not Big Tech, the center of our scrutiny and will. The climate emergency is so terrifying as to be nearly unponderable. Science fiction writers are increasingly being called upon to try to frame this incomprehensible risk in human terms. SF writer (and biologist) Peter Watts's conversation with evolutionary biologist Dan Brooks is an eye-opener:
https://thereader.mitpress.mit.edu/the-collapse-is-coming-will-humanity-adapt/
They draw a distinction between "sustainability" meaning "what kind of technological fixes can we come up with that will allow us to continue to do business as usual without paying a penalty for it?" and sustainability meaning, "what changes in behavior will allow us to save ourselves with the technology that is possible?"
Writing about the Watts/Brooks dialog for Naked Capitalism, Yves Smith invokes William Gibson's The Peripheral:
With everything stumbling deeper into a ditch of shit, history itself become a slaughterhouse, science had started popping. Not all at once, no one big heroic thing, but there were cleaner, cheaper energy sources, more effective ways to get carbon out of the air, new drugs that did what antibiotics had done before…. Ways to print food that required much less in the way of actual food to begin with. So everything, however deeply fucked in general, was lit increasingly by the new, by things that made people blink and sit up, but then the rest of it would just go on, deeper into the ditch. A progress accompanied by constant violence, he said, by sufferings unimaginable.
https://www.nakedcapitalism.com/2024/05/preparing-for-collapse-why-the-focus-on-climate-energy-sustainability-is-destructive.html
Gibson doesn't think this is likely, mind, and even if it's attainable, it will come amidst "unimaginable suffering."
But the universe of possible technologies is quite large. As Chachra points out in How Infrastructure Works, we could give every person on Earth a Canadian's energy budget (like an American's, but colder), by capturing a mere 0.4% of the solar radiation that reaches the Earth's surface every day. Doing this will require heroic amounts of material and labor, especially if we're going to do it without destroying the planet through material extraction and manufacturing.
These are the questions that we should be concerning ourselves with: what behavioral changes will allow us to realize cheap, abundant, green energy? What "innovations" will our society need to focus on the things we need, rather than the scams and nonsense that creates Silicon Valley fortunes?
How can we use planning, and solidarity, and codetermination to usher in the kind of tech that makes it possible for us to get through the climate bottleneck with as little death and destruction as possible? How can we use enforcement, discernment, and labor rights to thwart the enshittificatory impulses of Silicon Valley's biggest assholes?
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If you'd like an essay-formatted version of this post to read or share, here's a link to it on pluralistic.net, my surveillance-free, ad-free, tracker-free blog:
https://pluralistic.net/2024/05/30/posiwid/#social-cost-of-carbon
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lordnot · 5 months ago
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As the discourse around Trump's tariffs continue, I worry that in the focus on how such tariffs are anti-consumer and likely to worsen inflation, we risk overlooking an even more fundamental truth:
If a company raises its prices, the most likely explanation is that they thought they could maximize profits that way. Just as that is the most likely explanation for why a company does anything.
I fully believe that our failures to address the risk posed by bird flu is having a strong impact on our supply of eggs. I also remember that egg producers have been caught working together to fix egg prices. Just as I remember the soaring profits so many other companies experienced as we continued to discuss how COVID impacted the supply chain. And so I believe that such changes in supply and the costs of the supply are as likely to be an excuse as they are an explanation for increases in price.
I'm reminded of something Richard Wolff said on the subject of inflation on his podcast: He basically explained that any company worth a damn that produces and/or manufactures a product is going to have people whose job it is to try to get supplies at the cheapest cost possible. These people have no doubt have learned through their years of experience how to exert pressure, change where and who they buy from, and various other tricks in order to keep costs as low as possible. If such people, in the face of tariffs, immediately say, "There is nothing we can do but eat this cost, and allow our profit margins to fall", they are likely to be fired and replaced that day.
So yes, Trump and his regime are idiots. But let's not keep letting corporations off the hook when prices inevitably rise.
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heterocaine · 5 months ago
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currently researching the economic and sociopolitical scene of 1950s america. thank you children's heterotopia for making me have twenty tabs open now
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jccheapalier · 10 months ago
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Black Men Have Had Enough! Man Goes Scorched Earth On The Democratic Party!
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