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Joined 2 years ago
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Cake day: June 12th, 2023

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  • Deflation would be bad, for a lot of reasons, not the least of which is that debt defaults, both public and private, would skyrocket. So, no, we don’t want lower prices, as that would certainly mean a significant recession, if not depression.

    What people, desperately, desperately need is for their income to AT LEAST keep up with inflation. Any household that doesn’t see their yearly income increase at least as much as the rate of inflation, are getting a pay cut. And when you consider that housing, a ubiquitous, universal human need, has increased in price much faster than the overall rate of inflation, really people probably need their income to increase much more than the base inflation rate.




  • I really think we’d be better off just reducing GHG emissions as quickly as possible. I realize we’re not doing that, but that fact doesn’t necessarily make solar geoengineering (or solar radiation management, whatever you want to call it) a better idea. In fact, it might make it a worse idea. Geoengineering should only be done (if at all) in conjunction with rapid reductions in GHG emissions and carbon capture and sequestration. Doing geoengineering without GHG emissions reductions and carbon capture is at best a complete waste and at worst a total disaster.