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Cake day: July 28th, 2025

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  • Probably not - but at least it might get some useful stuff done.

    Bank regulation and directed credit is what you really need.
    Even if someone tried pump priming, govt doesn’t actually have control of currency anymore, so any such efforts would be “crowded out” by rampant unrestrained bank (+ interlinked FI) credit creation.

    The banks deserve to be in the situation they were in in the '30s, but they aren’t due to a generation or two that has let them do what they want and bailing them out after they fail us multiple times. If anything their power has increased. Moronic governments pushing pro-cyclical policies and pumping bubbles is fucking insanity. Well probably just corruption - but democracy seems very weak at controlling it these days.