The side effect of those going after Patreon and SubcribeStar

https://www.youtube.com/watch?v=FETt5JzufY4

So apparently the acronym DDD for "domain driven design" is problematic.

https://twitter.com/sarahmei/status/1073234104311734273

And this: https://www.phoronix.com/scan.php?page=news_item&px=Debian-AH-Archive-Removal

company towns / stores existed because there was no infra in the location

the company was the reason there were people

Why would company towns be the norm? They weren't before.

In NJ there were lots of company towns... because the company founded them.

But they collapsed when the company moved.

it wasn't a lifestyle. It was an occasional thing.

A government is made up of people. If people don't believe in X they won't protect X.

The US Constitution hasn't kept government from growing

This was argued by Spooner in No Treason in the mid 1800's when things were far less obnoxious.

No, we need humans not to need to relearn the hard way how society flurishes.

Pretty sure if Patreon gave him (or others) a warning they would have said as much when discussing the situation.

@Timcast This "green new deal" stuff is idiotic. 1) The original New Deal was a major contributing factor to the Great Depression. Seems like a bad thing to make parallels to. 2) The claim that it will lead to an economic windfall is contradicted by the fact people are asking government to initiate and subsidize it. If it were profitable there would be no need to subsidize. Businesses make long term plans all the time. New companies come in and compete to put pressure on existing businesses.

That's simply false.

Nothing about the new deal helped the depression

It lead to a great part of it

What economic schools of thought seriously claim that burning fields and paying people to do unproductive work and keeping salaries artificially high helps clear mal investment?

Roosevelt didn't start the New Deal programs

He coined the name

Hoover initiated similar programs

Yes... and after all that things got worse.

Yes, it is. Let the malinvestments clear.

Coolidge did that in '20 / '21

Major crack boom... cut spending... over in less than 18 months

Help them by keeping them in a depression for 10+ years?

How's that?

You don't create wealth from war

Jobs != wealth

Paying people to dig and fill ditches is not wealth

This is basic economics

Government got money from where?

Government takes wealth, it does not create wealth.

Making use of something doesn't mean it wasn't mal investment

This is econ 101. If the market isn't investing in it it's a mal investment.

People would have otherwise spent their money in other ways.

Not if people would have wanted other things

Of course there was.

Banks in shambles was in large part due to government.

They weren't in shambles in Canada

There is no such thing as lack of money

That shows a complete misunderstanding of what money is.

The regulation is what lead to the problem. The Fed.

Money only "disappears" due to fractional reserve banking

FDIC is a bad policy

It subsidizes bad bank behavior

It monopolizes risk

Instead of individuals taking bank behavior into account like they did prior.

No, it doesn't.

They couldn't when the government regulated the hell out of everything and the Fed took over.

What didn't? Bank runs certainly happen. And before FDIC there was private insurance and banks would cover one another.

Depositors are screwed by government allowing FRB and making that standard. It is no longer on anyone's mind to understand what deposits are.

How many people know what FRB is?

How many people know that deposit accounts are investments?

It's not zero risk

fractional reserve banking

not federal reserve board

No, that's not what fractional reserve banking is.

Yes, which means that money is pyramid on itself.

And why bank runs are 1) possible and 2) so dangerous to those who participate in the system.

You deposit $10. A 10% ratio means they lend out $9 and keep $1.

Meaning there appears to be $19 in the market now but really only $10.

In the 1800's you had lots of competition in banking and note issuance which kept ratios in check.

After the Federal Reserve came about they monopolized that value.

FDR technically announced that the US was bankrupt and broke the law by refusing to redeem notes for money (gold,silver). Which was a way to keep banks in line with regard to their reserves.

@Timcast "Force rich people to reinvest in the economy." .... What exactly do you think wealthy people do with their money otherwise? Stuff it under the couch?

Monetary inflation incentivizes everyone to invest. Desire to increase wealth incentivizes people to invest.

Even if some didn't invest... so what? You could treat their lack of investment as monetary deflation meaning upward pressure on the value of the rest of the monetary supply.

So big investors are smarter than smaller ones? They can predict market success better? Selling their shares of a company means someone on the other side of that sale thinks it's worth buying.

You might as well blame the buyers for buying the share just as much as the seller trying to sell. It takes two.

And correct... people save and get wealthy regularly... but saving almost 100% of the time is investment. Money almost never sits idle. Even if it did... it'd just put upwards pressure on the value of the remaining money supply.

That's not what happens.

And it implies special knowledge or abilities in the wealthy which isn't explained.

Saying "the rich are better" isn't really an explanation.

The rich is an ever changing demographic

@Timcast ancaps oppose lying in the commercial sphere. It's fraud.