this post was submitted on 20 May 2024
521 points (94.7% liked)

News

23367 readers
4745 users here now

Welcome to the News community!

Rules:

1. Be civil


Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.


2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.


Obvious right or left wing sources will be removed at the mods discretion. We have an actively updated blocklist, which you can see here: https://lemmy.world/post/2246130 if you feel like any website is missing, contact the mods. Supporting links can be added in comments or posted seperately but not to the post body.


3. No bots, spam or self-promotion.


Only approved bots, which follow the guidelines for bots set by the instance, are allowed.


4. Post titles should be the same as the article used as source.


Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.


5. Only recent news is allowed.


Posts must be news from the most recent 30 days.


6. All posts must be news articles.


No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.


7. No duplicate posts.


If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.


8. Misinformation is prohibited.


Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.


9. No link shorteners.


The auto mod will contact you if a link shortener is detected, please delete your post if they are right.


10. Don't copy entire article in your post body


For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.

founded 1 year ago
MODERATORS
(page 2) 50 comments
sorted by: hot top controversial new old
[–] cybersandwich@lemmy.world 9 points 6 months ago

It'd really be great if journalists even attempted "educating" readers or providing meaningful context. But then again, would it get this kind of traction?

The interesting story here is that interest rates are raised to SLOW spending and encourage saving. The interest rates spiked to CURB inflation. It has worked, despite most journalists seeming keenness for it not to, for the most part. If consumers and businesses reduce their spending due to higher costs of borrowing, this will bring down prices over time, aligning with the Fed's inflation targets.

No one explains this to the average person, ever. Ironically, the story here should be consumers are spending money even when saving it should be incentivized because they can't afford not to... because of profiteering by large companies, grocery chains, etc as well as stagnate wages for the past few decades. This means that inflation will creep up faster than it should because of demand-driven inflation. This makes the problem worse for low-income earners.

It seems to me that THAT type of inflation might require less of an "interest rate adjustment fix", and more of a wage adjustment fix. Even potentially a regulatory fix to go after price gougers.

[–] Zerlyna@lemmy.world 8 points 6 months ago
[–] Xeroxchasechase@lemmy.world 7 points 6 months ago (1 children)
[–] whoisearth@lemmy.ca 10 points 6 months ago (1 children)

Between this and stock indexes you have the most asinine metrics to determine if an economy is healthy.

I'm not saying I know what the solution is, but basing good times on how well Microsoft and/or Warren Buffett are doing is just stupid.

[–] fukurthumz420@lemmy.world 5 points 6 months ago (4 children)

I’m not saying I know what the solution is

it's bombs

load more comments (4 replies)
[–] 3volver@lemmy.world 5 points 6 months ago (15 children)

We're in late stage capitalism. Getting rid of the gold standard was one of the biggest mistakes in US history.

[–] buddascrayon@lemmy.world 12 points 6 months ago (11 children)

I find people who make this "argument" very silly. The gold standard is unsustainable. The amount of cash in circulation will always outstrip the amount of gold in whatever vault it been tied to. Fiat money is always an economic inevitability for a growing state.

load more comments (11 replies)
load more comments (14 replies)
load more comments
view more: ‹ prev next ›