345 karma · joined May 23, 2015
The woke are incapable of making important distinctions and treating people as individuals outside of such groups. Distinction is the basis of rationality. Equality requires that, and demands that individuals supercede groups in the application of law and opportunity.
That's why wokeness does not focus on individual equality, but group equity, putting the collective ahead of the individual and exiling individuals when they stand for themselves and not a given group. Democracy as Aristotle explained, is the majority ruling over the minority. In other words, mob rule. Democracy is only good when it is not ruling and making decisions that serve everyone, and not just the majority, equally. This he called a polity.
"The right kind of democracy, if you will, is a polity: An ideal democracy that governs for the interests of all, not just the leadership." https://fs.blog/aristotles-politics/
I also think saying 29 of those years they were wrong is not accurate. The inflation hasn't been there BECAUSE the Fed kept it from happening. They've simply been letting the water build up behind the damn (while all tat printed money went to major companies and industries as the IOU was written in the taxpayer's name), and we're now at a point where there's no more road to kick the can down. We're at the end of the road. The debt/GDP ratio has been over 130% since 2020. That by definition means we're in an economic death spiral. That doesn't mean it's not reversible as other nations have demonstrated. Our death spiral becomes irreversible by 2028 and the nation insolvent by 2040 unless something out of the norm happens, like a balanced budget amendment, austerity, reduced spending, an increase in the GDP, the forgiving of our debt by China, all of the above. I'm pretty sure that's where The Great Reset was supposed to come in. I'm also pretty sure the banks aka the Market Makers were well aware of this timeline as stocks started ramping up for the biggest bubble ever a year before the debt was scheduled to breach 120% (the timeline has been public record since at least 2014 which is when I first saw it on CSPAN during the 2015 budget review meeting).
I recommend everyone read Neil Postman's "Amusing Ourselves to Death," and "How to Watch TV News."
Having said that I think Domino's Pizza has a great process for ordering pizza on their web site where you build you own pizza and can then track the progress all the way to your doorstep.
Having said that, the Fed does also boost or squelch the ability of banks to lend to companies/their ability to increase performance not backed by actual profits and expenses (P/E). If you're an investor you look at P/E and the value of products. If you are a trader you look at stock price/performance almost exclusively. Traders trade both directions at all times (hedging long positions). Investors only play long positions. VCs seek to empower companies with potential.