Notices by In Naraka (permanently) (mono@shitposter.club@shitposter.club), page 13

today I decided that I have noble lineage and my bloodline can be traced back to the Merovingian kings giving me a rightful claim to the kingdom of Francia and lifetime 50% discount on all French restaurants.

In Naraka (permanently) (mono@shitposter.club@shitposter.club)'s status on Friday, 31-Jan-2020 12:09:06 JST

In Naraka (permanently)

In Naraka (permanently)

@1iceloops123 @hurley the driver is the baby

In Naraka (permanently) (mono@shitposter.club@shitposter.club)'s status on Thursday, 30-Jan-2020 16:15:17 JST

In Naraka (permanently)

In Naraka (permanently)

2ba083ef715e5aee3b51109526b766a…

In Naraka (permanently) (mono@shitposter.club@shitposter.club)'s status on Thursday, 30-Jan-2020 16:14:51 JST

In Naraka (permanently)

In Naraka (permanently)

..suya

In Naraka (permanently) (mono@shitposter.club@shitposter.club)'s status on Thursday, 30-Jan-2020 15:54:58 JST

In Naraka (permanently)

In Naraka (permanently)

@march @Holot @fluffy @histoire

>Nobody is disputing the law of supply and demand just like how nobody is discounting the ideal gas law.

uh i've seen a bunch of "supply and demand is not real" posts on the fedi from mostly tankies so im not sure what someone means when they say economics is fake science.

i have no opinion on the validity of keynesian or austrian economics.

In Naraka (permanently) (mono@shitposter.club@shitposter.club)'s status on Thursday, 30-Jan-2020 15:53:24 JST

In Naraka (permanently)

In Naraka (permanently)

@march @Holot @chuculate @fluffy @histoire

>By "force", I mean the same way that nature forces you to drink water, not how companies are forced to pay taxes.

you can't force the majority of investors (AKA the people who actually have money) to do anything because they are not people with daily needs, but institutions. if you make them eat shit, they will simply choose another country to do business in.

>Why is it that more expensive exports and cheaper imports reduces comparative advantage? Is that not a sign of specialization, and is specialization not a sign of increasing comparative advantage?

because it costs more to make that good domestically, and you can't sell it outside of your borders at a competitive price because your exchange rate is too fucked. deflation is the main reason why japanese companies abandoned the foreign market or moved jobs overseas. every manufacturing hub in the world has a healthy 1-2% inflation rate for a reason.

>if investors are systematically misled into thinking that there are more resources than there are actually available, every single sector of the economy suffers because resources are diverted from what would have been productive enterprises into unproductive enterprises.

again you are thinking of investors like as if they are real people and not gigantic institutions with plenty of options to choose from. the metric that matters is domestic business because these are the people who actually pay taxes, who are the ones that need money the most. overly conservative lending is as bad as overly permissive lending because your country is competing against others in a global market for the same money.

In Naraka (permanently) (mono@shitposter.club@shitposter.club)'s status on Thursday, 30-Jan-2020 15:28:42 JST

In Naraka (permanently)

In Naraka (permanently)

@march @fluffy @Holot @histoire

at the basest level, economics is scarcity management which is something everyone does. you can arrive at the same conclusions that you would have been taught in microeconomics 101 by just thinking about it for a couple minutes. saying it's all bunk is like discounting the ideal gas law because it's incorrect most of the time.
demand curve.jpg

In Naraka (permanently) (mono@shitposter.club@shitposter.club)'s status on Thursday, 30-Jan-2020 15:22:28 JST

In Naraka (permanently)

In Naraka (permanently)

@march @Holot @chuculate @fluffy @histoire

i skimmed thorough all that shit u pasted looking for any mention of other competing economies and foreign investment. this all sounds very mercantilist in the most pejorative sense of the word.

deflation reduces comparative advantage which is the only thing most developing countries have going for them. "a system that forces investors to be prudent" sounds great when all your investors are subjects of your state but pointless when you realize your country is half a quarter of a percent of the global economy.

also boom bust cycles existed long before the existence of central banks. it is a feature inherent in advanced economies of any type with a high money/asset ratio.

In Naraka (permanently) (mono@shitposter.club@shitposter.club)'s status on Thursday, 30-Jan-2020 13:30:48 JST

In Naraka (permanently)

in reply to

In Naraka (permanently)

@march deflation also makes getting a loan really really hard. deflation is the floor that lenders have to rate above in order to make any profit, otherwise they're gonna make more guaranteed value by just not lending to you in your currency.

also deflation makes imports cost more which increases the cost of business which increases the cost of goods which reduces purchasing power which is why nobody actually got any richer when the Japanese yen went into a deflationary spiral in the late 2000s

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Notices by In Naraka (permanently) (mono@shitposter.club@shitposter.club), page 13

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