Comment on Microsoft's carbon emissions up nearly 30% thanks to AI

• explodicle@sh.itjust.works ⁨1⁩ ⁨month⁩ ago

  Inequality since Nixon because of the Cantillon effect

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• SwingingKoala@discuss.tchncs.de ⁨1⁩ ⁨month⁩ ago

  I’d love to see any evidence or logical arguments that an inflationary economy is worse than a deflationary one.

  Don’t you understand that artificially induced unlimited growth is bad? It’s not about inflation or deflation, but the outcome.

  www.ecb.europa.eu/mopo/strategy/…/index.en.html

  The main task of the ECB is to maintain price stability. The ECB’s Governing Council considers that price stability is best maintained by aiming for 2% over the medium term. Price stability creates conditions for more stable economic growth

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  • WldFyre@lemm.ee ⁨1⁩ ⁨month⁩ ago

    I mean, I don’t disagree with you on that. I didn’t think your first comment quite conveyed this nuance, and deflationary economies are terrible for everyone.

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    • SwingingKoala@discuss.tchncs.de ⁨1⁩ ⁨month⁩ ago

      deflationary economies are terrible for everyone

      That’s a myth spread by modern monetary theorists because they only understand the economy from an inflationary perspective. Economies worked fine for millennia without inflationary money.

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      • WldFyre@lemm.ee ⁨1⁩ ⁨month⁩ ago

        I don’t think local economies from millennia ago are similar enough to compare to modern global economies with our current population boom. I think we could for sure have a different approach if our population was stable or decreasing.

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