ArtemonBruno

Last time we had a serious deflationary run we ended up with a handful of obscenely wealthy robber barons and a world war.

Should we at least, differentiate deflation due to technologies, deflation due to stagnant economy and "price slashing" and those desperation crimes?

We should acknowledge deflation due to technology, right?

Couple it with no "passive income" pumping money for the "rich reservoirs", overall prices gets cheaper in line with everyone's active earning? (All it takes is remove the "passive income economy" that generates nothing but "financing". Tax/donations does the same, without interest being created?

Let me try understand this.

Say you owe the bank roughly a million dollars and the house is only worth half a million. If you continue to pay the bank, you are paying double price for your house, plus interest.

Material cost or anything spent never change? We can't regret buying expensive computers in past? Everything, even if loan. Loan only default on bankruptcy, "no property ownership ban"? Do people want that?

There no investment, no economic growth, no liquidity.

Incentive of "profit" system. Until it backfires with overloaded money. Active income generate economy of production + money. Passive income skip production, overloaded money, inflation. Without profit system, big projects can only funded by slower tax/donations. But no one creating extra profit/inflation.

So you now get my point? Deflation happens because of good automation (slaving machine). Stopping passive income investment stops inflation. While waiting new automation, things get lesser labour and no inflation to demand additional income.

Where's the loophole in my opinion?

I'm no scholar of science (like scholar of religion), but I think science allow ordinary people to share science understanding.

So about the COVID vaccines, I'll just say, chickenpox vaccines stopped deaths from smallpox. So, COVID vaccines will stop deaths from COVID. And anyone can come at me with better facts and numbers.

But religion just disallow all discussions, only scholar can do teachings. This one sided teaching, doesn't allow fact checking, hence the stupid me won't believe easily. (We living in this era should not be easily believe everything to avoid scam, so it's just an unbiased practice of scepticism, nothing personal against religion) I think.

For the example of "clairvoyance" into future, does that mean anyone or thing coincidentally exhibit "clairvoyance" becomes something holy?

So to say, we appreciate supernatural beings, but we don't follow everything else beside that "clairvoyance" ability?

Let say everything bound to happen, even superbeings can't change it. Then we have option to try prescribed method or science method, to deal with such arrangement. No harm trying, since even god doesn't want to change the bad things away, anyways, right. Might as well die trying the science ways. If such, what else left for people to follow those teachings, if they don't want to explain such teachings' reasons? Right?

Just my thoughts...

If you borrow a million dollars from the bank to build a house and then in five years that house is worth half a million…

I don't understand much. What so bad about house losing value, if we never intended it as capitalistic investment?

Everything suppose to be "utilitarian" basis instead of ever-inflating "profit" basis that hurt majority, no?

Just my curiosity why deflation is a bad thing, other than monetary incentive system broke down and no one working (right now, monetary system still broke down on opposite spectrum due to purchasing power collapse, I assume?)

Edit: clarification

Profitable or not, a house is a shelter, not renting or trading item? (This is what I meant by capitalistic mindset, not about corporation, but the very profit mindset of human.)

Edit2: clarification2

Yes, same opinion on investment and passive income. All capitalistic nature. Impossible to earn passively unless someone or some machine enslaved, right? Yet everyone love passive income idea so much, pumping profit everywhere, more money more inflation, no? In the past, people might save years to a house, now, people earn endless passive income to no house, I think that's the very reason to it. Passive income is somehow bad. (Not to be mixed with voluntary welfare system, passive income is auto sucking involuntarily, iinm)

Edit3: clarification3

So about the house worth dropping. In bookkeeping, historical cost don't drop. However, future value inflation exist thanks to "profit future inflation". So, we still have to settle book value of loan, I don't get it how the value dropped though? A liability is a liability, not to be messed with "~~inflating~~ fluctuating market value", no?

Labour-less advancement. Human pass down centuries of advancement in languages.

• Version 1: Rough input labour steps automation, in restrictive detail.
• Version 2: Multiple labour steps input compiled, in restrictive choice. (Less supervise command)
• Version 3: Task automation. (Communicate wish, whole labour compilations taken care; no production supervise input, only output demands)

The automation gone from "multiple coffee gadgets" to "1 standard coffee button" to "a warm coffee of less sugar request". (Now, where are human's place in this picture? A balloon human such in Wall-E movie?)

I started wondering if I missed out a world where stuff comes free. (Although this doesn't stop me from hating irrelevant "sales pushing" efforts. I think most people just hate the irrelevant part, hopefully)

Web should not depend on ads

.

there is such thing as a free launch, in a gift economy.

Let's come back to reality, where everyone have to work for a living. Everything needs payments exchange. The advertisement is one of the payment alternative than, donation, taxing, funding, etc. Even gift, you should notice gift comes with company logos, a form of advertisement not so much different from digital sponsorships.

Stumbled exploring fediverse (\lemmy.ml account interacting \monyet.cc alternate universe).

Anyway, how to make everything visible to my this \lemmy.ml account? (From here, sleep walking into more alternate universe)