CubitOom
@CubitOom@infosec.pub
- Comment on “Software is over”: Bold AI developer takes aim at Adobe with open source clones 1 week ago:
Software as a Slop
- Submitted 4 weeks ago to economics@lemmy.world | 0 comments
- Comment on US Federal Reserve raises interest rates for the first time since 2023 4 weeks ago:
I almost never hear economists explain why rasing rates is supposed to lower inflation. Or why it’s the only tool used to try to combat inflation.
The reasoning behind how increasing interest rates reduces inflation, is that it makes it harder for companies to get loans and keep people employed.
Literally, the fed increasing rates means they want to make more people unemployed, because they think inflation is caused by workers spending too much of their expendable income.
This is flawed logic in a K shaped economy, or an economy that is under pressure due to a lack of goods because of war and tariffs.
Rasing the interest rates, will not help reduce inflation rates or help the fed meet their 2% goal. This will only hurt workers, and increase federal debt.
There needs to be a plan to address the actual issues that are causing inflation.
Every rate increase is a hope that people lose jobs. And it simply isn’t going to resolve our issues.
- Comment on Destoying Angel(?) 5 weeks ago:
I’m thinking yes with the veil
- Comment on Any tips on plastic adhesives? Trying to repair headphones 2 months ago:
There is a jb-weild specific for plastic that works well
- Comment on Everyone is a gangster until the room glows blue 2 months ago:
- Comment on The more things change the more things stay the same 2 months ago:
