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Comment Re:$100 trillion Zimbabwe = $3 USD (Score 1) 126

> If your debt is denominated in dollars how does depreciation in the dollar make it harder to pay back?

It doesn't, it just leaves the general public holding sacks of worthless paper money or pointless numbers in a bank's database when they want actual stuff, like food.

Inflation as long been used as a stealthy way to tax the public, they see their quality of life going to crap as each new generation comes along, but nobody wants to admit the problem lies with government spending The US had the advantage of pushing a lot of the inflation tax onto the rest of the world, but that's going away as so many other countries want to get free of the dollar.

If tomorrow the government hands out a trillion dollars to everyone, we won't all suddenly have a lot more stuff. We'll have a lot more paper and all the resources that were scarce yesterday will still be just as scarce. Probably even more so as there's a rush to consume more before prices can fully react to such a change.

Comment $100 trillion Zimbabwe = $3 USD (Score 2) 126

> We have been hearing these same predictions about the national debt for almost 100 years ... the argument is fundamentally flawed. Mostly because it ignores things like economic growth, inflation and the value created by whatever the debt buys.

The fiat system has collapsed a few times, do you know anything about Brazil or Zimbabwe?

I don't think gold is a magic solution here, or returning to that standard would fix everything, but you do need some level of balance between the amount of currency and the things there are to buy with it and we damn near broke it during Covid with the mass inflation there. So I wouldn't be too cavalier that this could never happen, even as I don't think it's in any immediate danger.

But remember: there won't be a US dollar to peg the US dollar to if we screw it up and that's the only way Brazil got out of its mess in the 1990s.

Meanwhile, you can get $100 trillion Zimbabwe dollars for $3 USD.

Comment Re: Microsoft Store is the monopoly (Score 1) 164

Yeah, because the customers don't want anything else. Itch.io is great ... if you want random indie stuff. GOG seems to have no idea what to recommend and you either get games from 1992 or hentai VNs with a porn patch so they're not technically selling the porn, with little that's actually interesting.

Submission + - Fifteen Years Later, Citizens United Defined the 2024 Election (brennancenter.org)

NewYorkCountryLawyer writes: The influence of wealthy donors and dark money was unprecedented. Much of it would have been illegal before the Supreme Court swept away long-established campaign finance rules. Citizens United v. Federal Election Commission, the Supreme Court’s controversial 2010 decision that swept away more than a century’s worth of campaign finance safeguards, turns 15 this month. The late Justice Ruth Bader Ginsburg called it the worst ruling of her time on the Court. Overwhelming majorities of Americans have consistently expressed disapproval of the ruling, with at least 22 states and hundreds of cities voting to support a constitutional amendment to overturn it. Citizens United reshaped political campaigns in profound ways, giving corporations and billionaire-funded super PACs a central role in U.S. elections and making untraceable dark money a major force in politics. And yet it may only be now, in the aftermath of the 2024 election, that we can begin to understand the full impact of the decision.

Submission + - Anti-Trump Searches Appear Hidden on TikTok (ibtimes.com)

AmiMoJo writes: Searches for anti-Trump content are now appearing hidden on TikTok for many users after the app came back online in the U.S. TikTok users have taken to Twitter to share that when they search for topics negatively related to President Donald Trump, a message pops up saying "No results found" and that the phrases may violate the app's guidelines. One user said that when they tried to search "Donald Trump rigged election" on a U.S. account, they were met with blocked results. Meanwhile, the same phrase searched from a U.K. account prompted results. Another user shared video of them switching between a U.S. and U.K. VPN to back up the user's viral claims, which has since amassed more than 187,000 likes.

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