Curated Tumblr
For preserving the least toxic and most culturally relevant Tumblr heritage posts.
The best transcribed post each week will be pinned and receive a random bitmap of a trophy superimposed with the author's username and a personalized message. Here are some OCR tools to assist you in your endeavors:
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FOSS Android Recs per u/[email protected]: 1 , 2
Don't be mean. I promise to do my best to judge that fairly.
Russia 2026
Ha ha yeah.
I remember when the official rate was $1,35 for a ruble... They even had the "cents", the kopek.
We had a say: it's not worth a kopek.
Both Weimar and Zimbabwe, and all other examples of hyperinflationary economies (many Latin American countries come to mind), had large debts denominated in foreign currencies, or had fixed exchange rates with such. This makes the government depenent on aquireing these forein currencies which they themselves cannot issue. Printing your own currency to pay these debts is definately inflationary, but doing so to pay for goods priced in your own domestic currency, when there is excess productive capacity, is not.
Hey! I bought one of these for like $2 USD online nearly a decade ago. That was still almost 1000x its face value at the time.
I think I lost all my braincells
Commanding an economy to Go never fails, just ask the Soviet Union
Imagine there's a new issue of a famous comic book being printed (the series doesn't matter; take your pick). But the caveat is that there's only going to be ONE copy printed. Only one in existence. That single issue could potentially be worth millions, because it's so desirable for comic book nerds and they all want to get their hands on it. Only the wealthiest of collectors will be able to throw enough money at it to win an auction, which raises its value significantly.
Now imagine the publisher decides to make 100 copies instead. The value of that issue is now much cheaper; maybe worth several thousand dollars per comic, because there are a handful of them floating around now. Still, only wealthy collectors will be able to afford bidding on a copy, but at least the top 100 bids will win a copy. Raising the value, but not as much as if they are all bidding on a single product.
Now imagine 100,000 copies are made. Now it's mostly a standard printing, and it's only worth the cover price for a comic nowadays (what, like $3.99 or so?)
The more copies that are out there, the easier it is to find and acquire, and thus the cheaper its value is. Same goes for money; the more printed bills that are out there, the less value each bill has, and you'll need more of them to afford basic products. Which is why inflation is a thing, because we're constantly printing more money each year.
In reference to my point about comic book values, there are only about 100 copies left in existence of the first Superman comic (Action Comic #1). A single copy sold last year for $6 million, and its condition was only rated 8.5/10, which means it's a little rough around the edges from wear and tear. Not even a pristine comic book, and it still cost millions to buy!
That same issue sold for 10 cents when it was first made in 1938, but the fact that comics were made to be read and then discarded back then means most people never held on to their comic books and their numbers have dwindled over the years. Now Superman is a huge deal - one of the best-selling comics of all time - and his first appearance in a comic book is so rare, people will spend millions just to have an original copy.
just print more of the comic
are we still in the "the state should just go further into debt to pay for infrastructure" or already in the "fuck, that was a big mistake, what do we do with all that debt now?" stage? i can't tell anymore.
Why not both?