this post was submitted on 30 Jun 2023
116 points (98.3% liked)

News

23397 readers
3512 users here now

Welcome to the News community!

Rules:

1. Be civil


Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.


2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.


Obvious right or left wing sources will be removed at the mods discretion. We have an actively updated blocklist, which you can see here: https://lemmy.world/post/2246130 if you feel like any website is missing, contact the mods. Supporting links can be added in comments or posted seperately but not to the post body.


3. No bots, spam or self-promotion.


Only approved bots, which follow the guidelines for bots set by the instance, are allowed.


4. Post titles should be the same as the article used as source.


Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.


5. Only recent news is allowed.


Posts must be news from the most recent 30 days.


6. All posts must be news articles.


No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.


7. No duplicate posts.


If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.


8. Misinformation is prohibited.


Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.


9. No link shorteners.


The auto mod will contact you if a link shortener is detected, please delete your post if they are right.


10. Don't copy entire article in your post body


For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.

founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 1 points 1 year ago

Sorry, my dude. I just browse when I don't have much going on, and those periods never last long. That sometimes results in kind of mangled thoughts.

What I mean to say is that ensuring your student debtors are on the hook is par for the course for how we've been realizing supply side economics. We're maximizing outcomes for capital holders at the expense of consumers. Reducing student debt means that student debtors pay less to the loan servicing companies, which would not be maximizing the outcome for the capital holders.

Yes, you're right, if we really wanted to generate wealth, we would optimize outcomes for consumers and workers, not for capital holders. You'll find no disagreement with me there. Our economy is heavily dependent on the trading of consumer goods and services, so consumers not being able to afford goods and services is kind of dumb af. What I'm saying is that supply side economics (which I think is a steaming crock of crap) is a school of economic thought and policy that takes the view that if you maximize the outcomes for the capital holders (business owners, investors, etc), then you'll generate more wealth than you would have under some other strategy, and that excess wealth makes everyone better off. We've had forty years of optimizing outcomes for asset and capital holders now, and I'm still waiting to see the cup overflow (spoiler alert: it won't).