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Joined 2 months ago
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Cake day: February 16th, 2025

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  • turnip@lemm.eeto196@lemmy.blahaj.zoneHuman rulesources
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    16 days ago

    Many countries started mass immigration after the global inflation caused by global QE and money supply growth, in order to prevent wage inflation. They did this mass immigration just as central banks were raising rates to cool the economy.

    This is likely what you are feeling, there was a small time when there was a labor shortage and all the talk of ‘quiet quitting’ before they started this scheme, as depicted by the phillips curve, now its too many workers fighting for too few jobs as high interest rates slowed things down.

    https://en.wikipedia.org/wiki/Phillips_curve



  • turnip@lemm.eetoLemmy Shitpost@lemmy.world🪨 Rock on 🪨
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    2 months ago

    Do you live in a house? Somebody spent a lot of effort to build it, and expecting it for free would be silly, and its the same with many other things.

    The thing that youre mad about is the fact living standards are falling, because your central bank can print unlimited sums of money out of nothing, as interest rates are set artificially low to monetize debt; which encourages debt accumulation via the cantillon effect, which creates serfdom via a gatekeeping system on an inelastic good.

    The closer to the gold standard you were born the cheaper things like your house was, and the less debt was required as debt was actually a liability instead of an asset, because it is inevitably eroded by future money printing.