that's the thing they won't, none of these people ever leave or just gently fade away because there's always a new oppertunity for them to get their ideas out there and profit off of it (and this is what created a culture where people who were effectily terrible at their jobs get rewarded)Well 'they' can bum off.
nothing "left" about these people though i would say?Is it time to replace "the left" with "anyone who isn't totally mad"?
The Sam Altman–founded company Worldcoin says it aims to alleviate global poverty, but so far it has angered the very people it claims to be helping.www.buzzfeednews.com
No no, you misunderstand me. I'm not saying that - I'm saying you don't have to be a committed socialist to find the idea horrific.nothing "left" about these people though i would say?
Yeah probably. But some money is more imaginary than others. Currency backed by a central bank doesn't (generally) evaporate overnight.i feel like i might be out of my depth but isn't "real" money like my bank balance imaginary too? ie based on trust? don't they call it fiat currency and should i invest in real monkeys?
Brazilian hyperinflation lasted from 1985 (the year when the military dictatorship ended) to 1994, with prices rising by 184,901,570,954.39% (or 1.849×1011 percent) in that time due to the uncontrolled printing of money. There were many economic plans that tried to contain hyperinflation including zeroes cuts, price freezes and even confiscation of bank accounts.
The highest value was in March 1990, when the government inflation index reached 82.39%. Hyperinflation ended in July 1994 with the Real Plan during the government of Itamar Franco. During the period of inflation Brazil adopted a total of six different currencies, as the government constantly changed due to rapid devaluation and increase in the number of zeros.
Well yes, obviously - that's why I added the (generally). But that was caused by specific external events and not simply over-speculation and the inherent volatility of the currency.
Between the end of 1945 and July 1946, Hungary went through the highest inflation ever recorded. In 1944, the highest banknote value was 1,000 pengő. By the end of 1945, it was 10,000,000 pengő, and the highest value in mid-1946 was 100,000,000,000,000,000,000 (1020) pengő. A special currency, the adópengő (or tax pengő) was created for tax and postal payments. The inflation was such that the value of the adópengő was adjusted each day by radio announcement. On 1 January 1946, one adópengő equaled one pengő, but by late July, one adópengő equaled 2,000,000,000,000,000,000,000 or 2×1021 (2 sextillion) pengő.
Yeah, I just find these things quite fascinating, how did people manage? They always do though.Well yes, obviously - that's why I added the (generally). But that was caused by specific external events and not simply over-speculation and the inherent volatility of the currency.
I mean, dollars, pounds, yen and euros go up and down against each other, a bit, but they seem significantly more stable than some bad cartoon drawings of an ape. Of course, the instability is precisely the attraction - when it's unstable in an upwards direction.