• rumba@lemmy.zip
    link
    fedilink
    English
    arrow-up
    4
    ·
    edit-2
    6 days ago

    It now costs $1 to own more than a billion dollars in assets for one *microsecond. We’re talking total value here assets, property.

    Bezos would be down to a billion in just over 2 days.

  • AceFuzzLord@lemmy.zip
    link
    fedilink
    arrow-up
    6
    ·
    7 days ago

    The cost of all stuffed animals at a thrift shop.

    Then I could easily work on increasing the amount of rescues I will have. It’s currently 1.5 rescue to 4 others ( purchased at a store, gift shop, gift, etcetera ).

    My goal to someday have more rescues than store bought would be a little easier.

    Oh yeah, and kids would have an easier time accessing them because $1 stuffed animals are a lot easier to convince a parent to buy than a $5.99 stuffed animal. But I don’t like kids, so they were an afterthought!

  • Birch@sh.itjust.works
    link
    fedilink
    arrow-up
    5
    ·
    7 days ago

    Currently it costs direct air capture startup “Climeworks” about 1200 usd to remove one metric ton of CO2 from the atmosphere, the average human directly emits about 0.8 kg of CO2 a day (just through breathing).

    Thus, breathing costs 1 USD a day to offset using “Direct Air Capture”.

  • Brave Little Hitachi Wand@lemmy.world
    link
    fedilink
    English
    arrow-up
    100
    ·
    edit-2
    7 days ago

    Henceforth, $1 shall cost $1. Inflation solved.

    Does this one need a sarcasm tag? I don’t like using em but this joke is going to start zero fun conversations

    • Remember_the_tooth@lemmy.world
      link
      fedilink
      arrow-up
      28
      ·
      7 days ago

      Sarcasm acknowledged. If it were possible, what do you think the world would look like if inflation were 0% for a few decades? I hope this is a fun conversation. If not, I’ll settle for another joke, amusing anecdote or icy silence with a judgmental stare.

      • explodicle@sh.itjust.works
        link
        fedilink
        English
        arrow-up
        2
        ·
        7 days ago

        Time preferences would be lengthened due to lower interest rates. People would save instead of taking on more debt. It would be harder to get a loan, but your real interest rate would be lower.

        Instead of deliberately encouraging consumption, everyone would buy less stuff. This would be terrible for “the economy” (rich people) but great for people who live in the environment.

        • Remember_the_tooth@lemmy.world
          link
          fedilink
          arrow-up
          2
          ·
          6 days ago

          That makes sense. It sounds like the closer to zero it gets the better. I know deflation is problematic. I wonder how close to zero is achievable. We’ve seen stable inflatuon of about three percent, plus or minus two for a few years in the past. I wonder if it’s possible to achieve two percent, plus or minus one without going under zero.

      • yermaw@sh.itjust.works
        link
        fedilink
        arrow-up
        43
        ·
        7 days ago

        if inflation were 0% for a few decades

        “You obviously know nothing of how the real world works.”

        Was going to type a whole bullshit essay with random made up stats and facts to make your idle question look malicious and uninformed, but I just cant be arsed. Can we just pretend I was a cunt for mild chuckles?

        • Remember_the_tooth@lemmy.world
          link
          fedilink
          arrow-up
          12
          ·
          7 days ago

          I got the same macroeconomics education as a lot of people. I get why 2% inflation is a common target. I do, however, like thought experiments using extreme values.

          I wouldn’t say it’s a particularly idle question by social media standards. Admittedly, that’s a pretty low bar. Perhaps I am uniformed. I’m definitely not being malicious.

          Can we just pretend I was a cunt for mild chuckles?

      • Brave Little Hitachi Wand@lemmy.world
        link
        fedilink
        English
        arrow-up
        13
        ·
        7 days ago

        I’d enjoy the topic at a less busy time of life. I’m being kept tired, distracted, and poor lately as a systematic form of oppressive totalitarian rule - and that’s just from my kid!

        • Remember_the_tooth@lemmy.world
          link
          fedilink
          arrow-up
          2
          ·
          edit-2
          7 days ago

          Fair enough. Thanks for taking the time to respond.

          I’m being kept tired, distracted, and poor lately as a systematic form of oppressive totalitarian rule - and that’s just from my kid!

          Hiyo! I really got a kick out of that.

          You stay brave, Little Hitachi Wand.

          Edit: Forgit tu spel gud

      • Eq0@literature.cafe
        link
        fedilink
        arrow-up
        9
        ·
        7 days ago

        The assumed reason for inflation, as I understand it, is that on one hand things devalue over time and on the other we build our system around infinite growth and rewarding innovation (many asterisks here…)

        During the Middle Ages, neither statements were considered true, the world was considered stagnant and there was virtually no inflation. That was before the banking system - so with 0% inflation i would expect the banks to collapse…

        And then… I don’t know! Stuff is hard and economics harder…

          • Eq0@literature.cafe
            link
            fedilink
            arrow-up
            2
            ·
            6 days ago

            Indeed very interesting. Honestly, it still seems that the reason for inflation is “not backed by real good and something else we don’t quite understand”, in particular considering the examples of bills of credit in North America

            • Remember_the_tooth@lemmy.world
              link
              fedilink
              arrow-up
              2
              ·
              6 days ago

              Agreed. Someone else in this thread suggested that population growth was a factor. That was an interesting take. All things being equal, I would have assumed population growth would affect the magnitude of inflation, but not its direction. I think you’re right that there’s definitely some unknowns. I’m not sure I want an advanced degree in economics, but that’s what it might take to understand more.

      • LumpyPancakes@piefed.social
        link
        fedilink
        English
        arrow-up
        5
        ·
        7 days ago

        Most cryptos are deflationary. That seems to cause hoarding.

        Having no inflation sounds good to me if paired with no growth in population, but I know little about economics.

        • Remember_the_tooth@lemmy.world
          link
          fedilink
          arrow-up
          5
          ·
          7 days ago

          I wasn’t even considering crypto. Thanks for the insightful example.

          That’s an interesting point. I wonder what it would look like if inflation were targeted to population growth percentage rather than a fixed number.

            • Remember_the_tooth@lemmy.world
              link
              fedilink
              arrow-up
              2
              ·
              7 days ago

              Same. I got one of those large dispensers like dentists use and the corresponding bulk rolls of the nice ribbon style floss to fill it. I only ever use the regular sizes for traveling now. Keeps costs and plastic waste down. I don’t have to think about it for years at a time. It’s a small thing, but I like it.

      • BarHocker@discuss.tchncs.de
        link
        fedilink
        arrow-up
        2
        ·
        7 days ago

        You want to sell an apple for 3€. That is 6 × 50 ct. For every 50 ct you ask in price you have to pay 1€. Therefore if you ask a price of 3€ for an apple you have to pay 6 × 1€ = 6€.

      • 1ostA5tro6yne
        link
        fedilink
        arrow-up
        1
        ·
        edit-2
        7 days ago

        i think they mean its 1 euro for every 50c of the price being checked? so if the item is 2 euros asking for the price costs 4 euros.