“We’re definitely not practicing a make-believe science designed to make sure the wealthy always benefit no matter the economic circumstances,” said the last economist with a fading shred of hope.

[–] militaryintelligence@lemmy.world 41 points 2 months ago (1 children)

Stockholders expect unlimited growth. This has no drawbacks and is a realistic expectation

[–] bastion@feddit.nl 6 points 2 months ago (1 children)

This is just terrible planning. I hate that economic philosophy.

Inflation is real, though, and it is also theft.

[–] Kalkaline@leminal.space 5 points 2 months ago (2 children)

Which is why you take out a shit ton of loans when interest rates plummet again, let the banks take the hit on inflation.

[–] bastion@feddit.nl 4 points 2 months ago (1 children)

Tbh, not a bad strategy.

[–] Kalkaline@leminal.space 2 points 2 months ago (1 children)

Which is why everyone and their mother remortgaged a few years ago. No one is getting a deal like that again.

[–] bastion@feddit.nl 2 points 2 months ago

How very optimistic.

[–] tentacles9999@lemmynsfw.com 1 points 2 months ago

They win anyways in the US at least. They borrow from the fed which means that they can take a loan out at a lower rate than they give you and pocket the difference. Then if it was not enough they can resell and repackage loans and let some other sucker deal with it. Annnd if that not enough they can create derivatives on packages of the loans (2008 was example of it blowing up) and sell those. And for icing on the cake if they somehow fuck it up (as they have in the past) they can get bailed out, give themselves bonuses and do it all again

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