The way I think about it is by creating a scenario. We give 100% of people $1000 dollars (just for sake of argument). Some people use this for groceries, others for car payments, others for investments. Some people don’t even realize they got that money bc they were so rich. Some people can afford to pay for school supplies for kids. They key point is not everyone is using it for the same thing.
The reason it sounds like it should become the new zero is bc it does happen in some situations. If the government gave everyone that rents $100, then landlords will raise rent by $100 a month later. The main difference between the two is how specific the scope of the money is.
Yes, there would be economic changes (not necessarily downsides) such as higher inflation due to government spending, but also increased GDP which will stimulate the economy drastically. It will lead to higher unemployment, not bc people stop needing to work, but bc they can quit their second job or focus on taking care of kids full time (which that actually doesn’t change unemployment, but it would change the workforce numbers).
I am not an economics major or anything, but I tried to give reasons to explain why we would expect these changes to happen in the real world.
It would be terrible for everyone involved, not just the economy but also for quality of life. Bailouts are bad, but not bailing out is worse. So what do we do? (Sorta) simple, legislation the prevents the amount of risks that banks are allowed to take. My proof is by counter example. The great financial crisis of 2008 was due to deregulation, mainly pushed by Regan era policy. Limits on banks force them to take their due diligence with each loan and decreases the risks of bubbles (crypto, housing, coins, etc.) forming in the first place.
6% of car drivers are cold blood animal killers, 89% of which are SUV drivers
ENG
Interesting experiment showing car drivers intentionally going on the road shoulder to kill by standing (fake) animals. Not surprisingly the majority of those are #SUV drivers
ITA
Interessante esperimento "scientifico" in cui si vedono automobilisti cambiare traiettoria per investire animali finiti sul lato della strada. La maggior parte guidano SUV
I was talking to my dad yesterday and he talked about how he dual booted windows and Linux in his college days. I immediately left to download Ubuntu, I feel so dumb for forgetting it’s an option. I literally only use windows so I can play Fortnite with friends. PSA: you can have both Linux and Windows, or you can use a vm in...
My current setup is two drives, a 500gb with windows and a 1tb sad with my Linux install on it. I set the 1tb to my first boot drive, so hopefully no windows shenanigans. I’m going to see if I can set up automatic backups soon just in case
Out of the box it can play audio in the background, and now that extensions are available you can block ads as well. You don’t really need constantly updating 3rd party clients or questionable firewalls anymore if you just want usable youtube on a phone.
I haven’t tried newpipe, is it missing any features compared to revanced? I love that I can disable the shorts player, play with my screen off, and the wide array of customization options
Kinda. We have investor companies buying hundreds of houses and properties each with the hope of selling later or renting. These are both negative outcomes for the average person who is losing purchasing power with inflation. This is also highly dependent on where you are in the country.
Government money (lemmy.zip)
Bankruptcy is lifesaving (lemmy.ml)
Multifactor auth done right (l.roofo.cc)
Original icosahedron.website/
venture capitalism goes brrr (feddit.de)
Hop in bed [Extra Fabulous Comics] (startrek.website)
Why didn't anyone remind me the dual booting exists?
I was talking to my dad yesterday and he talked about how he dual booted windows and Linux in his college days. I immediately left to download Ubuntu, I feel so dumb for forgetting it’s an option. I literally only use windows so I can play Fortnite with friends. PSA: you can have both Linux and Windows, or you can use a vm in...
YouTube on Firefox mobile is awesome
Out of the box it can play audio in the background, and now that extensions are available you can block ads as well. You don’t really need constantly updating 3rd party clients or questionable firewalls anymore if you just want usable youtube on a phone.
But Windows 11 is so good!!11!1! (feddit.de)
stolen from linux memes at Deltachat
I cut out AvocadoToast™ and now I'm a millionaire. (lemmy.dbzer0.com)