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Comment Re: Conservatives (Score 2) 398

Well, how does a president communicate directly then in now via social media? Trump started doing regular covid updates via television, but when the networks started realizing that it was increasing his approval ratings, they stopped airing them. Any non left-wing media organization that does allow his communications effectively creates a echo chamber.

Comment Central bank digital currency gives them more cont (Score 1) 24

The reason why Central banks want to do this is to solve the distribution, opaqueness and velocity problems:

Currently they can give / loan currency to primary banks, and adjust interest rates, but then they have to wait a while to see how their changes play out (opaqueness) and are at the mercy of the banks (distribution) With CBDC, they will be able to see who buys what when and how often to get real time feed back. (Solving Opaqueness), with the government paying the people directly (distribution problem)

Also, they can 'print' currency / lower interest rates, but they can't make people spend (velocity). Since they are so scared of deflation and due to the pandemic people are saving more, this is deflationary. If we have a digital currency (note NOT crypto currency, though it still can be), then the central banks can solve low velocity by expiring any funds deposited in people's accounts. (If you don't spend it you lose it)

Comment Re: Meritocracy only when all else is equal (Score 1) 342

Haha, because US Universities are not free market. Politicians / Fed allowed unlimited backing of student loans (regardless of credit worthiness) to artificially inflate the demand. but hopefully this problem will becorrected due to a confluence of factors, including Corona virus, online learning, the worthlessness of many social science degrees, the student debt problem, and resurgence of trades.

Comment Re: Ahh yes (Score 2, Interesting) 341

The mainstream Republican party is about the same as it was for the past several decades. Moving slightly to the right. The Democratic party has radically shifted left over just the last few years. This is consistent with what you would expect from the respective ideologies: to conserve; change slowly. And to progress; make more meaningful (bigger) changes. Analysis from classical liberal: https://ancillary-proxy.atarimworker.io?url=https%3A%2F%2Fyoutu.be%2F6grXCooL3-M

Comment Re:"I disapprove of what you say, but..." (Score 1) 509

...People really need to listen to their elders' take on free speech and democracy and not be a sucker.

What I love about the sucker video is that its intent was to combat fascism, by explaining that fascists segregate a population into groups. Which is exactly what the identity politics is all about. Back then it was the Jews, Free Masons, Catholics and 'Negros' Today it's the Jews, Blacks, LGBT, and Rich people. History is doomed to repeat itself, it seems.

Comment Re: Uh uh (Score 1) 372

Capitalism's amorality is why we need a strong mediator (such as an uncorrupted democratic government) to mediate between the capitalist and the people.

What you are in fact saying is: "We need an uncorrupted populace." Any societal system - including economic - is only as good as as the people using it. As we can see with the current election cycle, we have nominated - and will likely be voting for - either a slandering opportunist, or an unconvicted felon. We, collectively as Americans, are to blame.

As a slight tangent, capitalism's amorality is why it works so well in a nominally diverse moral populace. But as we are finding out, even capitalism has it's limits. Like it or not, the root moral agents are people, not things or systems. (e.g., a brick is amoral. You can use it to smash a car window or build a house depending on whose wielding it). What we have now is a populace that is becoming increasingly divided as to what is moral.

If we have professors teaching moral relativism in the classroom, then why are we shocked when business executives act that way?

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