Meta may be a bad idea
Perhaps it should have been a new, separate company with capital costs so low
Maybe the metaverse needs to be decentralized, and not controlled by the Empire
The memes are hilarious
…but it’s so cool and inspiring to see Zuck just friggin going for it
Janet Yellen just proposed a tax on unrealized capital gains.
For those who don’t know, that means if you buy a stock for $1000 and it goes up to $5000 then back to $1000, you owe taxes on the $4000 profit that you never made.
This concept will literally bankrupt people.
In 2008-09, when the Fed started quantitative easing, I thought that inflation would take off. I was wrong. Instead, velocity - the rate at which money turns over per year - declined, taking away its inflationary sting. Velocity still is falling.