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Cake day: November 30th, 2025

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  • Well another argument they have is the amount of waste that comes with the churn of fiat currency, where we inflate asset values in order to deliberately grow aggregate demand.

    The housing bubble for instance was obviously cheap debt, which was used to grow aggregate consumption, by rewarding asset holders thus encouraging them to offload their asset to increase the velocity of money.

    On the gold standard the average mortgage was 7 years, which was because there was less need to grow the money supply, because we werent trying to force an inflation target. Massive windfalls werent common, and thus housing wasnt being bid up via the cantillon effect, so was better for society in many ways when consumption wasnt being forced onto people.











  • Is this outlined in a plan with feasibility at all, perhaps by a green party, it sounds like it would be an interesting read. Nuclear sounds good, and I know Brookfields Westinghouse does it already, I just dont understand how the other industry would outcompete China in manufacturing. They use coal to produce their solar and wind, and they have all the refining capacity. Which I’d also assume the material refining would need to be carbon free here to satisfy a green party, making us even less competitive in manufacturing green products.