I know they teach bad economics which is probably the main reason why they ride hard for capitalism.

About how prices always adjust perfectly to meet demand and how minimum wages forced upon by the evil Government and trade unions prevent free markets from working efficiently.

How Government imposed price controls are bad because it distorts the markets. How centrally planned economies are inefficient.

The Central Bank has progressively raised rates since the second quarter of 2023 in a bid to control persistent inflation and support the faltering ruble. However, the soaring cost of borrowing is now pushing many companies toward a dangerous debt spiral, with interest payments consuming one out of every four rubles they earn.

Ridiculous they are still keeping that 21% rate, it was somewhat understandable for the first few months after Feb 2022 to reduce capital outflows but they should’ve lowered it soon. Really goes to show that they have the same brainworms western aligned central bankers have on interest rates being a tool to control inflation.

Thing is, in the west, the rates were never this high to cause such carnage (other than under Paul Volcker, another ghoul). Central bank ‘independence’ and its consequences.

Yea no one was thinking about that. Blacklist, whitelist stuff all over again .

And it’s not clear whether it’s even about its “racist origins” that’s just the reason provided.

I don’t get much of it either. My guess is there is a lot of talk going on behind the scenes.

I don’t think a purge right now is necessary especially given that the user count is pretty stagnant.

It was all working fine. Splitting dunk tank into dredge tank was a good idea but idk why they removed and renamed it all together.

Damn. All the times I listened to Wakko. :/

New York is NWA

US did pay the price once, very small for what it did, 9/11.

And Bush killed millions afterwards. Now the Democrats want to work with the same Republicans.

You all had your garb… rubbish vs rubbish moment already and rubbish won.

Chinese authorities are demanding wealthy individuals and companies double-check their taxes for unpaid liabilities in a move that threatens to further dent investor confidence in the world’s second-largest economy.

If rich people can’t pay taxes, they shouldn’t be investing.

“China’s fiscal deficits have reached a tipping point,” said Gary Ng, a senior economist at Natixis. “There is more urgency to find alternative revenue sources . . . and taxing the wealthy and some companies creates a less direct economic impact on most residents.”

Economists should be sent to Mars tbh

Nuclear

It’s this

https://www.openal.org/downloads/oalinst.zip

OpenAL

I’m speaking

i know i’m being a but i despise the term ‘taxpayer funds’/‘taxpayer money’. besides being completely wrong in nearly all cases, it places taxes above the people, above labor.

‘American taxpayer is paying for the genocide in Gaza’. No, every person/entity using U.S. Dollars is paying for it. Even foreign countries are indirectly paying for it.

if you want the mainstream perspective look up ‘quantity theory of money’. from that it follows, less spending means less money and less inflation. so, spending rules reduce inflation by constraining the Government (but not commercial bank lending).

it can be true (sometimes), if you leave the economy with massive unemployment due to insufficient spending so that people don’t have money, it slows down and eventually shrinks but hey atleast there is ze price stabilité.

if you want non-mainstream macroecon books, these two ones I have read and can recommend. 1 2

The profits being made on those assets aren’t being kept for Russia to use in the future. They’re now being used to fund Ukraine

Rachel, Where do “profits” on these assets come from? These aren’t corporate bonds but Government bonds. The Governments (US, UK and others) are paying the defence contractors using public money.

If there were no Russian foreign reserves being stolen, would the west not have sent weapons to Ukraine? Of course not! The weapons manufacturers have to make profits, it would come out of a different Government account.

They are making excuses to make it look like the public isn’t paying for it.

🦙Nooo

Nearly drowned once falling into a lake and not knowing how to swim. I didn’t think about death, it was more “how do I get out”. Luckily someone else got my hand.

After entering office in December 2023, Milei swiftly imposed his shock therapy in a bid to reverse decades of budget-busting populism that ran up Argentina’s monumental deficits.

“budget busting populism” aka Thatchers TINA nonsense. They never mention the external debt. Come on AP.

Very interesting strat regardless. They are leveraging pesos.

Across La Rioja’s capital, “Chachos accepted here” decals now appear on the windows of everything from chain supermarkets and gas stations to upscale restaurants and hair salons. The local government guarantees a 1-to-1 exchange rate with pesos, and accepts chachos for tax payments and utilities bills.

And

He appeared confident, speaking as Milei’s approval ratings dipped below 50% for the first time since the radical economist came to power.

Radical my fucking ass. He has done what most other Neoliberals did in LatAm.

“I need real money,” said Adriana Parcas, a 22-year-old street vendor who pays her suppliers in pesos, after turning down two customers in a row who asked if they could buy her perfumes with chachos.

Blame the federal government for not providing them with the money and dividing the country.

SODA!!! REMEMBER TO WRITE IN BIDEN

I think ROK is doing something sussy behind the scenes.