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Cake day: July 17th, 2023

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  • Even if the value of money goes up, it’s by a paltry 1-2% and it still wouldn’t seem to make sense to hoard rather than invest, unless I’m missing something. In what scenario would any rich person just sit on their money? Likewise, the impact of 2% deflation on a bank loan is well within the variance in rates we see today, and I imagine in such an economy the rates would be adjusted somewhat to compensate.

    Simply put, the difference between an inflating vs deflating currency doesn’t seem enough to drastically alter people’s behavior. In the short to medium term it seems almost a non-issue, at least for regular people, and in the long term people won’t get fucked out of their life savings. I imagine the vast majority of the population doesn’t invest their money. Which policy would they prefer?


  • Sadly, the humanitarian concern of Ukraine’s use of cluster bombs is not the most important.

    The real issue is why we’re sending Ukraine cluster bombs in the first place.

    We’re not doing it as part of some strategy or for some kind of tactical advantage. We’re doing it because we don’t have anything else left to send them. We’ve run out of modern munitions and won’t be getting much more anytime soon. That’s why we’re sending Ukraine cluster bombs.

    And the reason this article exists is because Ukraine is almost certainly not using them effectively, but they want to convince us otherwise. Cluster bombs don’t do shit to tanks or buildings. They were designed for targeting people hiding in the jungle. Why would anyone feel the need to write an article saying, “Hey, btw, these weapons you paid for are definitely working out really well. They’re super good at destroying Russians, for sure!”? I suspect it’s because they’re doing jack shit.