In fact, the problem is that they keep bailing us out of recessions, which will eventually lead to a collapse and possibly a depression.
2019: That bond bailout you didn't hear about
2020: COVID bailout
2022: Various credit/liquidity facilities and the slow-walked rate hikes
2023: Bank bailouts
I dunno what happens this time. So many cards have been played out and a lot of entities seem to be white-knuckling it.
The boom-and-bust cycle is a natural consequence of running an economy on debt: margin leads to speculation which leads to overheating, and then it has to cool off. It is entirely possible to guarantee the public's welfare during busts; you just have to sacrifice not having a ceiling on earnings/wealth.
If we are lucky, all of this will not matter if we reach post scarcity.
Would be even really really good if we would start breaking through barriers regarding state spending and allowing more to do so in a way that inflation is not affected.
Like allowing every state on the planet to 'spend' money on certain things like renewable or teachers or care workers.
age plays a role as well, a young investor would "let it ride", someone else may delay retirement for a year, or a retiree may reduce their spending for that year to let the portfolio recoup, a retiree could also have different buckets to pull from.
Maybe. Or maybe the point of acquiring outsize money and power to many people is to unshackle their experience of the world, and to impose their philosophy on it. Physical security is one thing; I reckon most aren't signing up to be brainwashed for the good of the company (beyond WUSA or whatever).
Yeah, you don't need to go that deep. Look through histories, myths, folklore from all around the world. Powerful men have mistresses. Regular men have mistresses. Powerful women go through several husbands. Regular women, too. The institution of marriage exists to counteract the natural human tendency to be "unfaithful". No one needs to make excuses, they need to accept the fact that this kind of thing happens and update their expectations.
I say this as someone who's family was torn apart by an affair, by a failure to update expectations. Well, that was the excuse; the issues were deeper, the affair was a focus-sink and an excuse not to address them. I wonder if that's the case here, too.
(I should make clear that I think Jensen Huang sucks for other reasons.)
> Jensen and Kim calculated that, for men in their first year of marriage, the divorce rate is 96 percent higher for Oscar nominees and 205 percent higher for winners
When men suddenly get more attention from women, they're more likely to cheat. Interestingly, women who earn Oscars are more likely to keep their husbands than other actresses.
>The institution of marriage exists to counteract the natural human tendency to be "unfaithful". No one needs to make excuses, they need to accept the fact that this kind of thing happens and update their expectations.
fair observation and sad society’s current script still demands it be posted under anon throwaway account.
2019: That bond bailout you didn't hear about
2020: COVID bailout
2022: Various credit/liquidity facilities and the slow-walked rate hikes
2023: Bank bailouts
I dunno what happens this time. So many cards have been played out and a lot of entities seem to be white-knuckling it.
The boom-and-bust cycle is a natural consequence of running an economy on debt: margin leads to speculation which leads to overheating, and then it has to cool off. It is entirely possible to guarantee the public's welfare during busts; you just have to sacrifice not having a ceiling on earnings/wealth.
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