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https://x.com/kcemenike/status/1839369079268008300
From the same segment. Also, I think people who make decisions based on emotions tend to pass those emotions on to their children. Fear is the most powerful emotion. Listen carefully to Gavin Newsom when he tries to convince you of anything. It’s all to make you feel afraid.
Prop. 33 is on the ballot. Rent control, again. Meanwhile, in Argentina:
This is an example of Trump’s lack of discipline. Whether he was kidding or not, saying nothing is better than alienating people, especially people with a significant following (and who is dating someone who may not agree with her political leanings). She is friends with Patrick and Brittany Mahomes, who are devout Christians, and Brittany has already given Trump a statement of support. Just shut up. Or if you’re kidding, make sure everyone knows you are kidding.
In theory, it benefits people with significant debt. However, that’s assuming that their debt isn’t impacting their lives. So for example, someone who has to choose between having a car, paying a mortgage, or eating this month, isn’t being helped by paying back the debt in inflated dollars. This also assumes wages are keeping up with inflation, a dodgy proposition over the last four years.
The government, on the other hand, has the fed, can print money, and can issue bonds. Hence, the only ones who clearly benefits are politicians.
They’re calling for a larger rate cut because it will enable more government spending. Inflation is a regressive tax on the poor, and it compounds. The only people who benefit from inflation are governments who are in debt.
https://x.com/Geiger_Capital/status/1832043406610088117
You would think this is a big story, but it isn’t.
