/biz/ - Business & Finance

Another day sending CV's to get a job

This pump was ordained by God, it would not happen without his consent. It is our reward for our faith, in more ways than few. Make no mistake we deserve this and more once bye nance chiggers buy our turquoise gemerald.

KEKBGS
This week we're going live with a memecoin mutual fund that's fully on-chain. Shares of the fund are issued as standard ERC20 tokens
https://kekbaggi.es

im mode Sissyphus
i stumble to the bottom at the top
i treid so hard and got so far
i NGMI

>>57323588
The cycle of this fucking board to be honest
>-0.5% 24hr
ITS SO JOEVER
>+0.1% 24hr
WE ARE SO BACK OUT OF MY WAY NIGGER
Ad nauseum.

>>56822857
Never.

>NVDA

>The main claim of mmt is that "the only thing to worry about is inflation when offering cheap credit" Which is simply not true.
Cheap credit misallocates resources to undemanded/lesser demanded ventures, & at the same time as higher order production (thereby distorting our time preference/the structure of production). Monetary expansion also creates a dependency on continuous overvaluations. Not to mention distorts price signals, because of relative price stickiness, unequal velocity within different sectors, & circular demand within scarce demanded goods (assets). Then there's the cantillon effect, where wage & fixed-income earners see their savings relatively hurt & income lag behind, while rich asset owners see their net worth rise. It's a wealth transfer. Small businesses with less assets are hurt while large corps grow, leading to a privileged few with all the purchasing & bargaining power. Speculation also increases as lesser educated consumers borrow, invest, & consume, thereby exacerbating volatility & the misallocation of resources. They do this because borrowing is made less expensive & cause in many areas throughout the economy (especially assets) prices rise given time, so it's better to spend now. People are incentivized to save in assets instead of money, which is bad for productivity & ultimately satisfying customer demands. The housing & land people buy & flip nowadays could've been bought with actual use value by consumers & producers. Saving in money only aids in the production cycle.

>When these ever-growing malinvestments inevitably must end, & the spigots of cheap credit are cut, a 'deflationary death spiral' must ensue.
You have to allow resources to be freed up, consumption to be detered, & then properly allocate them to where they're demanded.

Did anyone here ever get what they always wanted... got the boulder to the top. Why does it feel so sad and melancholic?

NEVER
FUCKING
SELLING

the man who goes through the most amount of pain reaches higher.