Check out my digital garden: The Missing Premise.

  • 5 Posts
  • 274 Comments
Joined 1 year ago
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Cake day: June 30th, 2023

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  • Joe Biden’s failure to do anything material for the public

    Yeah…he literally put $1400 in your pocket, assuming you’re American, at the beginning of his administration in response to the covid-19 virus.

    American politics is basically one big ol’ recency bias. The most recent events weigh more heavily than a holistic view of the candidate. That’s why George W. Bush can paint fucking puppies and the media that used to disparage him now fawns. It’s also why the 24 hr news cycle is so effective: Americans think being informed means being up-to-date.


  • When I was poor, $5k would’ve been life changing. I wouldn’t have eaten any better except for a day or two, but I wouldn’t have had debts hanging over my head.

    Matter of fact, I had a $4k debt hanging over my head for like 6 years because I dropped out of college. I couldn’t pay it off until I got my dad’s life insurance after he died. I worked the entire time, 6 years straight, but was underpaid and Wells Fargo was doing its illegal overdraft fee thing…I will never work with that bank again. It wasn’t uncommon for me to pay $70 in fees on a paycheck of $400. Idk how the fuck I survived.





  • More spending means more demand means more supply, which means production costs go down (due to economies of scale)… so inflation goes down?

    Supply may or may not be able to adjust quickly.

    A good example is food. There’s only so much that can be grown and distributed. So a high demand for food year after year only pushes up the price. The supply can’t really grow exactly. You can purchase more, import it, but that’s still probably more costly than local production. So importing it may actually make the price higher even while the supply expands.

    Also, organizations aren’t required to produce more. In an economic environment where…idk…you once found t-shirts for $5 for three, Hanes can make it $6 for three because what else are you going to do? Buy Fruit of the Loom like a peasant, who is also charging more for their clothes?

    So if production can’t or won’t expand and/or supply can’t it won’t expand, you’ll have more and more money chasing the same amount of goods, which leads to inflation.







  • Post hoc ergo propter hoc, or the post hoc fallacy, in general.

    Basically in OP’s case, I did this and something did or didn’t happen. Therefore, what I did caused that something to happen or not happen.

    Another comment used a survivorship bias with people that survived when others died or just living longer than other people. That’s also an example of the post hoc fallacy. The idea that the survivor did something that caused them to live isn’t necessarily true. They couldn’t just got lucky.

    It’s also the foundational fallacy that connects the president to economic outcomes. Ask any economist: the president can’t control the economy, and his influence is severely limited.