Inflation has two factors. One is quantity of money and the other is velocity of money. Quantity if money is therefore only half the story. If the quantity has stabilised but the the velocity of money picks up you can still get an uptick in inflation. Just for reference here is a velocity of...
That is how normal conversation works to some extent. For example when you are talking with a friend gradually topics can naturally bleed into other topics. Its not a professional debate club its an informal place.
Sure if a thread has veered off course for two pages its time for moderators to...
But there is so much bureaucracy and bull**** attached to our scheme that most of the rich people don't want to deal with the headaches. I assume the Trump version will be fairly streamlined and straight forward.
I think Trump's newly announced Gold Card visa program is a fantastic idea. I have been saying for years this is the type of immigration that countries like USA (and Australia need). You want people coming into the country who can invest millions rather than Indians coming to work at 7/11. The...
The difference today is that there is in general an oversupply of people with qualifications (including degrees). 50 years ago whatever you studied would get you a job, whereas these days you need to be selective and study something where the labour supply demand dynamics are favourable.
Given the decades of declines in real wages, wages are now far too low too entice young people into working. If they can never afford to buy a house, etc why would they work when they can just stay at home with their parents for free or receive government welfare? And many young women are just...
Disney loses over $600 million after four monumental box office disasters
Disney had four colossal box office bombs in 2023 including The Marvels and Indiana Jones and the Dial of Destiny...
Not to mention the government can and likely will push up the minimum retirement/access age for super. It could also increase taxes on superannuation (both contribution taxes and income taxes, etc).
You are comparing apples and oranges. Those tiny apartments in Europe are not in the middle of nowhere like those houses in the ponds are.
They are in dense urban areas. You have to compare a tiny apartment in the centre of Berlin to a tiny apartment in the centre of Sydney. The difference in...
There are a few things that are cheaper but most are more expensive when properly adjusting for quality.
Once upon a time people could buy German made workbooks or military boots that lasted for 30 years. Now you buy new workboots practically every year if you work in a manual labour job full...
There are ways that a shrinking population can be managed and you can still have reasonable economic growth. Just look at Estonia, Latvia and Lithuania there populations have been shrinking for decades now but there economies are doing pretty much okay in comparison to the EU averages. They only...
I have a debit card which has unlimited transactions without fees, however I still pay most of my expenses in cash as I don't own any credit cards and hence don't get reward points so paying by card really offers no advantage for me.
Whereas with cash I avoid paying surcharges charged by...
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