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Joined 2 years ago
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Cake day: July 1st, 2023

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  • A large percent of the population tunes out when you talk about real problems. They don’t understand them or don’t want to think about them. They’ll still have some fun making fun of a billionaire who so pathetically craves nerd cred that he’ll cheat at a video game. Now every time Musk does something, one of the top 3 comments, even in non-left spaces, will be people making fun of him for cheating in POE2. It exposes him as a sham and undermines the air of competence he tries to convey.

    Is it stupid and shallow? Yes, but so are most people.





  • Yeah, it’s definitely confusing, and the news is always loose with the terminology.

    The Federal Reserve is the entire system. The board sets policy and the 12 district banks execute it. It’s this weird quasi-governmental thing. Nominally it’s supposed to be independent and not part of the government even though it was created by an act of Congress and the board is appointed by the president. The idea is that by making it independent, it’ll be free from political influence and can focus on its mission, including making tough decisions that will cause pain in the short term.