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Cake day: March 1st, 2024

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  • There’s been investment bubbles, overshooting and disingenuous rent seeking in many economies before. It was temporarily reduced in many western economies by various FDR type policies in the '30s-'60s. The '70s and '80s were just the banks wresting back their freedom to implement market “rationality”. And we get the benefits ever since.

    People do keep voting for it though so it is hard to argue they’re not satisfied. Even the ones who protest vote don’t seem to see the “investment” markets as any part of the problem; or as important at all. That’s either some pretty effective demagoguery, or some dumb fucking electorate.













  • I read somewhere that they have some rule like you can’t put “not food” inside “food”.

    Probably a reasonable rule in many cases. Maybe they should put a tiny hole in it and argue that the “shell” is mathematically a single plane with the ‘inside’ being between the inner and outer face.