The comment section there is absolutely brutal. It’s a great reminder for all the Bitcoiners that if we don’t patiently educate people, they’re not going to come around to how things really work.

The American people do not have the history knowledge of other countries that they need to understand current American economics.

Price controls that guarantee a loss for producers means that the producer simply shuts down. Now that product is not available to anyone anywhere at any price. At least you aren't overpaying for it.

The concept of inflation is not difficult to grasp. What I cannot comprehend is why the average Joe grasps for any other explanation than the right one. The Matrix is strong.

The last slide shows (I think) that Pepsi and General Mills have profit margins of 10% and 12% , respectively. Is that large or not?

For a couple of years now, we've had a politician, Jagmeet Singh, and his entire political party (NDP) calling for price controls in Canada.

In his latest stunt, he spoke directly to the camera while holding up various grocery items, like a bag of apples, and said, "This is $9. It's completely unacceptable! It shouldn't be this much!"

What are the chances that Jagmeet Singh knows anything about the apple industry? Does he understand how long it takes to grow a tree, how many apples it produces, the timing of the harvest, the costs of picking them, shipping, and distribution, etc.? Probably close to zero, yet he pretends to know what the price should be.

Meanwhile, the media refuses to inform their readers about the low margins of grocery chains. In Canada, the big bad chain is Loblaw, whose margins are around 3.5%-4%. Instead of highlighting these low margins, the media and politicians continuously push the narrative that Loblaw is making record profits.

One must wonder, how can Loblaw be making higher profits while maintaining the same margins? Could it be that inflation is causing the numbers to go up while simultaneously reducing the corporation's purchasing power?

Across the world, we're being led by complete morons, while NPCs gobble it all up. They are so incredibly dogmatic that they refuse to listen to any alternative perspective. We're in a lot of trouble.

FOLLOW MORE PEOPLE.

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BUILDING OUR RIDE OR DIE WEB OF TRUST ONE NPUB AT A TIME.

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The complicated aspect about the Social Security system in the United States is that it was falsely marketed.

It's called an "entitlement" because people pay into it and are supposed to get it back like a pension, regardless of whether they are rich or poor when they retire. And so the Baby Boomer generation views any cuts to their social security as a rugpull, basically. It's not insurance or charity; it's an entitlement.

However, although it was marketed as like an entitlement/pension, that's not how the math worked out in practice. And it's because population growth is slowing. It was based on ponzi math, assuming that every generation will be bigger than the one that came before it. But the Baby Boomer generation was huge.

In addition, when Social Security was created, the retirement age was set near the average life expectancy. Many people would not live long enough to collect it, and most would collect it for a handful of years. Only a small minority of outliers would work for like 40 years and then live off social security for like 20+ years. But then over the decades, life expectancy increased by like 15 years, so the default assumption is indeed that someone can work for 40 years and then have 20+ years of retirement, even though the amount they pay into it doesn't really mathematically cover that. It's not designed for that en masse.

And so Baby Boomers had like a 3.5 worker-to-retiree ratio to support in their peak earnings years, while Millennials will have more like a 2.5 worker-to-retiree ratio or less to deal with. Which means they get a worse deal. Many Millennials don't even think they'll get it at all, despite paying into it.

That breaks up the social contract and sets up inter-generational political conflict. "Fourth Turning" stuff.

It's a big reason why "defined benefit" plans are inherently unstable; they rely on being able to predict the future.

And it's also a big reason why, when speaking about deficits, nothing stops this train.

When you think Kamala and Trump are clowns and only simp for Ron Paul

It seems there's strong support for cold plunges on Nostr.

If you haven't tried it, look through some of the comments in the thread below.

nostr:note1j3rngth3fcm8rpjtmxkmh5cmuve952nvmue95td6uzyge2wm8ztqnrrrkf

Benchmarking various lightning addresses providers on how quickly their lnurl callback responds

Thank you for encouraging and contributing to a little nuance in this discussion. Some comments on this videos seem to miss the whole point lol

I’m curious about how the bugs affect your body. I’m a massive proponent of an animal based diet. I tell all my clients to skip getting a massage from me and instead buy some good quality meat and eggs. That said, is it true to say that our hunter gatherer ancestors never ate bugs out of necessity? I’d rather fast than eat bugs but you can only do that so long before your body starts breaking down. Since 99% of plants are poisonous a cricket might just be more appealing than a leaf on a tree in a desperate situation. I’m very curious how you’d feel eating animal based but also included crickets.

It might appear daunting in the beginning ..that's why clients provide you with default relays .. they will work fine .. I have never lost a note or a response ..

As you appreciate how you want to handle your nostr content ..you can remove the client defaults ..

Most people will not remove the defaults because they are used to Twitter or Facebook handling all their data .. that is the point of nostr .. to get people care and own their data ..

Any nostr plebs near DFW area? Going there for work soon.

#askNostr