In the US, the fed’s stated strategy is to keep wages down.
It’s not their stated strategy but it’s probably safe to assume they subscribe to the baseless “wage price spiral.” The bottom line is that there is still a LOT of stimulus money circulating, keeping inflation high. Ideally this would be targeted with a tax on the wealthy, but in the absence of that, the Fed has to use their very blunt tools. I don’t see inflation improving until there’s a recession.
Removed by mod
So 800% is bad, right? Thing is, we secured the debt at 1% over 30 years, so it’s not hard to service. Thanks to inflation we’re basically being paid to have the loan. I think mortgage debt is in a very different bucket to other kinds of debt.
Just imagine how young people are coping in other countries without 30 year fixed mortgages. Many of them are coming up for renewal with big rates rises.
There are dozens of D&D related subs on Reddit, and many of them overlap a great deal. There is nothing stopping people from creating as many D&D related subs as they like, and people have obviously done that. It’s just that you don’t visit the small ones because of a lack of content. I’m not seeing the practical distinction here. You’ll subscribe to the Lemmy communities with content and ignore the rest.
I just don’t think this is a problem which needs to be solved. On Reddit it’s common to have different subreddits focussed on the same topic. For example, r/Games and r/Gaming. The only difference on Lemmy is that they’re now m/Games@lemmy.world and m/Games@kbin.social. Yeah, it’s slightly longer, but super easy to solve using UX tweaks in the front end.
What’s more, this proliferation of communities across instances is critical for a reasonable user experience because of the apparent widespread support for defederating from instances which aren’t ideologically aligned. If people get comfortable with using one uber gaming community on one instance, that instance could disappear from one day to the next because of a capricious instance owner.
This is so histrionic. The whole point of the fediverse is instances connecting. If you want a safe space go join a forum or something.
Thanks. Yeah he definitely subscribes to the Wall Street belief that wages are driving inflation.