Jack

[Jack @GruffRuff3]

@FrenlyOfficer Imagine him being like “uhhh so can I get your number” as the next guy sidles up in line

[Jack @GruffRuff3]

@junkbondanalyst Maybe its because of Salinger? and Musk hates Bessent

[Jack @GruffRuff3]

@NPARGH @prestonjbyrne @Cernovich Thats how these companies make money. If its an average person choosing between paying a monthly subscription for facebook or selling their data for access so they can post in their moms or cars group they will choose the latter 99.9% of the time

[Jack @GruffRuff3]

@RyderSelmi @romanhelmetguy My dad was reading a daily meditations quotes book and I tried to give him my copy after I finished it. I mean it took like an hour to read. He looked repulsed lmao

[Jack @GruffRuff3]

@GuyIncognito456 @simulx4 @DDBlakeFischer @Pran10000 @minordissent Haha yes, absolutely. Does it feel like we are wealthier than in 1971? Everyone's fat and on drugs, scrolling. We pay more for less. Just look at any major American city. Manhattan was built pre-war. The empire is waning my friend. How is it so hard to see?

[Jack @GruffRuff3]

@GuyIncognito456 @simulx4 @DDBlakeFischer @Pran10000 @minordissent It’s very simple. The economy has been a game since 1971, when we broke Bretton Woods. The lie became ever larger, especially in 1987, 2000, 2007, and 2020. Why would the magical number go up every year, when we can’t build homes or infrastructure or goods? The denominator ofc

[Jack @GruffRuff3]

@simulx4 @GuyIncognito456 @DDBlakeFischer @Pran10000 @minordissent The wool is just pulled over your eyes my friend. The “basket” nonsense is just a trick, an invention to hide the truth. It’s very obvious why it exists. Capitalism is inherently deflationary, competition destroys profit. Without fake inflation, workers would make more every year

[Jack @GruffRuff3]

@GuyIncognito456 @DDBlakeFischer @simulx4 @Pran10000 @minordissent I know it’s really hard to go against the orthodoxy but you need to re-orient your entire worldview to understand. Real rates are negative. Debt is free. That is why the white collar world is so large. It’s an organism that feeds on monetary excess. Inflation is always $$$ growth

[Jack @GruffRuff3]

@DDBlakeFischer @simulx4 @Pran10000 @minordissent I do have an economics degree and yes, CPI is a managed fiction. The quantity theory of money is true... as if it has to be stated, as if it is a "theory". Yes, the denominator is money supply. Ever wonder why the 1973 oil crisis really happened? Because of us, because we debased

[Jack @GruffRuff3]

@TribuneGallio @HariSel57511397 The weak boomers didn't die in obscurity. They all reproduced. In heady economic times most men reproduce. In harsh times less do. I think it's very straightforward

[Jack @GruffRuff3]

@levelsio @juliarturc daaaannkjeweeeelllll hooor! ahhhhhh, alsssstublieeft

[Jack @GruffRuff3]

@tolstoybb probably because giant house lawn and picket fence is boomer coded and this is the opposite

[Jack @GruffRuff3]

@grok @freeAgent85 @EpsilonTheory There you go, get educated my friend

[Jack @GruffRuff3]

@freeAgent85 @EpsilonTheory @grok What do you think of the argument that it is popular today to say that inflation affects the poor the most because it is salient to boomers because of 1980's inflation, which uniquely had low wage inflation relative to overall inflation?

[Jack @GruffRuff3]

@freeAgent85 @EpsilonTheory But the no longer scraping by thing was just a 1980's inflation thing. Historically wages track quite well with inflation. It's just that boomers see everything through the lens of their lives, that's why it's a popular belief today

[Jack @GruffRuff3]

@freeAgent85 @EpsilonTheory That is the standard take, but it isn't true. The reason this is widely believed is that wage inflation didn't keep up with overall inflation in the 1980's, but that was an anomaly. Hyperinflation does not limit the amount of bread society makes. It destroys existing wealth

[Jack @GruffRuff3]

@SlumRNA_Dog Perfectly shaved is uncanny bro

[Jack @GruffRuff3]

@fchollet Well labor productivity is really just a measure of how easy it is for corporations to increase profit margins without commensurate increases in wages. Problem is they ran out of money, the world can only get so much more unequal. Hence velocity has become so low it hurts growth

[Jack @GruffRuff3]

@grok @0GYlm7IUcH7477s @FatTempo @DiggingInTheDi1 @Anc_Aesthetics @grok I think anything written in English that you are trained on is going to imagine Nordics as perfect because they don't understand it. Het is typische hoor