iopq
@iopq@lemmy.world
- Comment on US Federal Reserve raises interest rates for the first time since 2023 1 day ago:
We don’t print money and give it to the government directly. How do you reduce the monetary supply when the money isn’t free to begin with? The government pays the money back eventually!
So we’re back to quantitative tightening and raising interest rates. Which reduces spending!
- Comment on US Federal Reserve raises interest rates for the first time since 2023 2 days ago:
Yes, weakening the economy is the point. That’s how you get the inflation down. A rich person might put $1000 into a bond fund. A poor person would spend it on necessities they have been putting off for a while. Which causes more inflation?
- Comment on US Federal Reserve raises interest rates for the first time since 2023 2 days ago:
Of course it would reduce demand, poor people would just skip meals. Just because it’s not discretionary doesn’t mean they would still spend the money they don’t have
This has been found multiple times, giving money to poor people boosts spending more than giving it to rich people. So if you want to cut spending, doesn’t it follow you take it away from poor people? You can’t have it both ways
- Comment on US Federal Reserve raises interest rates for the first time since 2023 3 days ago:
Raising taxes on the poor would combat inflation better because the poor spend all of their money
- Comment on Top economist on the economy’s dirty truth: The only people who feel good are ‘making over $200,000’ and ‘have large stock portfolios’ 10 months ago:
Yeah, that’s rough for you now, but once you pay those things off you’re going to be well off
My friend has a family of 6 in SF bay area (one kid in college) and he spends ~120K per year. That’s not abnormal when he has nothing to pay off anymore.
- Comment on Top economist on the economy’s dirty truth: The only people who feel good are ‘making over $200,000’ and ‘have large stock portfolios’ 10 months ago:
Those poor dual income no kids families who only make $190K each
- Comment on That's all folks, Plex is starting to charge for sharing 1 year ago:
To stream the file from the computer that has it to the tablet that has VLC and low storage
- Comment on That's all folks, Plex is starting to charge for sharing 1 year ago:
I don’t watch on a smart tv, I watch on VLC.
- Comment on That's all folks, Plex is starting to charge for sharing 1 year ago:
I don’t NEED to transcode, it plays in VLC just fine
- Comment on That's all folks, Plex is starting to charge for sharing 1 year ago:
It wanted me to organize my files and then it started to transcode them when I streamed. Not optimal for my use case