Allowing the Fed to artificially keep interest rates down for 15 years is not “Capitalism sucks”. Its pure, unadulterated asset inflation purposely done. ZIRP policies were a choice made that have gotten us to where we are with asset prices.
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3% mortgages did this. If mortgages were kept around historical averages of 7 percent, the asset inflation wouldn’t have occurred. The monthly costs at 7 percent currently are unaffordable except for the top 20%.
This is the Fed’s fault.
There should have never been less than 3 percent mortgages. They basically gave away free home equity to an entire generation. And you know what they did? Bought 2nd homes and allowed VRBO/AirB&B to thrive. Now with “normal” interest rates, none of this makes any sense.
Kurtismayfield@lemmy.zipto
PC Master Race@lemmy.world•After laying off Battlefield 6 devs, EA boss Andrew Wilson's bonus rose $8m to $38m last year, thanks to the game's success across "all milestones"English
51·19 days agoPeople bought BF 6?? After the last few games??
EMPs are cheap.
Anti drone guns exist.
General strikes that do real economic damage would work. They would round up the leaders and prosecute them as terrorist each time.
Kurtismayfield@lemmy.zipto
No Stupid Questions@lemmy.world•Why is AOC a big deal? She just speaks common sense and calls out absurdity. Have we really gone that far off the rails where we don't do it ourselves?
22·21 days agoThis country will never, ever vote a woman in as President. The “What I see as a leader” (sexism) runs too deep.
Kurtismayfield@lemmy.zipto
Technology@lemmy.world•AI bet goes awry: Oracle fires 21,000 employeesEnglish
2·21 days agoI want cold fusion, cancer to be cured for 1 dollar, and flying ponies. But I know I’m not getting those.
They aren’t going to get true AI either.
Kurtismayfield@lemmy.zipto
Technology@lemmy.world•AI bet goes awry: Oracle fires 21,000 employeesEnglish
20·22 days agoImagine failing this hard at your job and keeping it.
And I know his job is to keep the stock price high… but 28 percent growth over the last five years in tech is still failing at your job.
Kurtismayfield@lemmy.ziptoShare Funny Videos, Images, Memes, Quotes and more @lemmy.ml•American education system in action everybody
7·24 days agoThe lack of morality is a feature.
Kurtismayfield@lemmy.zipto
Technology@lemmy.world•Sony Abandons Social Media for 24 Hours+ After Controversially Killing Physical GamesEnglish
313·1 month agoTheir competition (Nintendo and Steam) already don’t have physical media. Nintendo is moving towards 100% Game Key cards, and Steam is all downloads. Playstation could have used physical media as a competitive advantage, but decided against it for cost reasons. So now this is the end of gaming physical media. The game sizes are just way too large.
Kurtismayfield@lemmy.zipto
Mildly Infuriating@lemmy.world•US Energy Secretary: “I'm thrilled to report that tomorrow morning, on July 4th, we will end subsidies for wind and solar projects”English
13·2 months ago<Then maybe people will finally start questioning all the fossil fuel subsidies>
Oh this made me laugh this morning, thank you.



And Kirk died for what he believed in. Gun rights. Biden prided himself in funding cancer research.