yogthos

yogthos OP , 3 months ago to worldnews in Xi puts forth four principles to resolve Ukraine crisis

the least racist lib has logged on

yogthos , 3 months ago to asklemmy in What's your fave movie of all time that you love to recommend to people?

Dark City

yogthos OP , 3 months ago to worldnews in Israel's defence against Iran attack 'cost over $1bn'

Indeed, also worth noting that these drones can be produced much faster than missiles. It’s an actual game changer weapon because it’s simply not sustainable to use traditional air defence methods against them.

yogthos OP , 3 months ago to worldnews in Russia to grow faster than all advanced economies says IMF

I thought we were talking about Russia as opposed to Europe

yogthos OP , 3 months ago to worldnews in Russia to grow faster than all advanced economies says IMF

come back when you learn the concept of purchasing power kiddo

yogthos OP , 3 months ago to memes in Always has been

Imagine not understanding that large financial capitalists are in fact the ones who own the money printers. You too can be an economy understander with very little effort if you spent a bit of time actually understand about the subject you’re opining on.

yogthos OP , 3 months ago to memes in Always has been

You still haven’t provided any actual counterargument here.

yogthos OP , 3 months ago to worldnews in Russia to grow faster than all advanced economies says IMF

yeah, cause that’s totally a sensible comparison to make

yogthos OP , 3 months ago to worldnews in Russia to grow faster than all advanced economies says IMF

lmao let’s see the copes

yogthos OP , 3 months ago to memes in Always has been

Again, Cantillon effect is not a force of nature, it’s a result of conscious actions of individuals who own capital.

yogthos OP , 3 months ago to memes in Always has been

So no actual critique of the points being made, just oooh spooky style!

yogthos OP , 3 months ago (edited 3 months ago) to memes in Always has been

Well then, mr. economy understander, maybe you can explain to us who raises the prices. Saying that money devaluates because more currency is being issued shows an utterly infantile understanding of how the economy works on your part. Money doesn’t just magically lose value just because more currency is issued, as anybody who has a clue regarding how monetary systems work would understand.

Also, not sure why anybody would think a cabal of businessmen deciding to raise prices would be necessary. A rational person would understand that businessmen can have a shared class interest while acting completely independently. Businesses raise prices because they want to increase their profits, there’s no grand conspiracy needed. The fact that you can’t even understand such basic things suggests that you’re in no position to deride actual economists just because they happen to use the medium of youtube to explain things.

yogthos OP , 3 months ago to memes in Always has been

I mean there are other factors, but at the end of the day prices and wages are set by capitalists. So, it is ultimately a conscious choice of business owners to raise prices. Wolff does a pretty good job summing it up in my opinion www.youtube.com/watch?v=Cl1MXJZ6yOY

yogthos OP , 3 months ago to memes in Always has been

I mean inflation is literally a product of people who own businesses deciding to raise prices while depressing wages. So, it does largely come down to price gouging in a very real sense.

yogthos , 3 months ago to worldnews in U.S., Not Israel, Shot Down Most Iran Drones and Missiles

the fuck is wrong with you