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Joined 1 year ago
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Cake day: September 2nd, 2023

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  • Alternatively, the issue may not be an increase in credit demand but rather a decrease in supply. This, too, could be due to shifting preferences from the future to the present. Previously, someone might have saved a tenth of their monthly salary, but now they’ve stopped.

    For the love of $god, credit is not funded by deposits since we dropped gold standard. Commercial banks “print” money at the time of lending it, otherwise they would have to be secured at ~100% of money lent and not ~5-15% as it is now.

    This opinion piece is based off Austrian economics, pseudoscience that’s very popular in Eastern Europe (where Insider is based in). They do a lot of good investigative work but this one is kind of embarrassing.






  • Google is big enough to be considered a monopoly in mobile phone operating systems. Play Store is technically a separate service / business which enjoys unfair advantage of being installed by default. I think this approach might be good because it’s better for user experience (unlike EU web browser thing for example) and has a good shot at postiviely affecting power balance between app developers and platform owner.

    I’m curious how this will play out. Apple should be next obviously.