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Cake day: June 15th, 2023

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  • Everyone wants more than they have. Labor wants to be paid more this year than last, producers want to get paid more this year than last. In the money treadmill of the economy, that means everyone raises prices to pay for the rising prices.

    It comes from excess production or profits. Labor creates more value than it gets paid; businesses charge more than their products cost; banks loan more money than they hold. There’s just extra money floating around competing to buy finite resources. The extra money accumulates over time, which makes money itself less valuable.




  • tburkhol@lemmy.worldtoPolitical Memes@lemmy.caIt's a Long Trail
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    6 days ago

    I’m gonna say that I don’t really care if the KGB “convinced” a private citizen to take out an ad. Seriously: if some dude stopped me on the street and offered me $1M to buy $100k of AdSense saying NATO started the war in Ukraine, I’d probably do that. Who really cares what I, or some 80s real-estate schmuck, pastes on the side of walls? Trump never made any secret of being an anything-for-money person.

    I’d expect to get fired. I’d expect it to be disqualifying for public office. So, to me, the thing that’s actually disturbing is how many of our political leaders & how much of the public at large is willing to go along with and even celebrate the propaganda for free. Betray their stated ideals for free.