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Cake day: April 29th, 2025

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  • Germany decommissioned their nuclear plants for being scary with wind apparently being the future despite not having 100% uptime, and then spent a half a trillion dollars trying to generate power when they got cut off from Russia.

    While all this is happening they lower barriers to immigration to depress salaries to try to counteract the inflation they caused, then you wonder why people are turning to the right. If I lived there I’d be miserable as well, these people running the country are incompetent. Trying to ban political the party for anti-immigration and trying to link them to the nazi party and is further idiocy, the party was created when Germany brought in a million poor refugees. If Germany managed integration better it would not even exist, there should just be a cap on country of origin like the US has, Germany does have a culture that is worth attempting to maintain.

















  • I think its because deflation is when the money supply is contracting and less debt is being created, so asset values begin to be valued at their actual value instead of their inflated nominal value, and people are no longer encouraged to attain the cantillon effect that drives up asset values.

    Which an inflated nominal value then causes more consumption via the wealth effect, and the misallocation of capital known as the business cycle, that requires bailouts via money printing in order to debase people on fixed income which provides riskier debt issuance and more innovation.