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The big bang is just a regular black hole, in reverse
by astronut Mar 12, 2023 4 Comments 4 Links
#bigbang, #black holes, #Blackhole, #cosmology, #cosmos, #einstein, #gravity, #hawking, #knowledge, #physics, #science, #space, #spacetime, #universe, #wisdom,
Interesting idea, not sure how much evidence there is for this but nice to play the universe backwards and see how it compares to the black holes speckled within.
Preventing economic inflation is easy
by GEO RGE Feb 18, 2023 3 Comments 3 Links
#economics, #economy, #government, #inflation, #money, #policy,
High rates of inflation are caused by the government’s increasing the money supply too rapidly. A growing economy always has a growing demand for money because with more stuff to buy, you need more money with which to buy it. To keep the overall level of prices constant, increase the money supply at the same rate that demand is increasing. If the supply of money increases faster than the demand, the value of money falls, creating an inflation. I recently encountered this idea again in this populist book: https://www.dummies.com/book/business-careers-money/business/economics/economics-for-dummies-3rd-edition-282166/
Warren Buffett’s son says charity fuels a ‘perpetual poverty machine’ and rich people giving money away eases their conscience but doesn’t solve the problem.
So true, I wonder when we will make use of this idea and make the world as good as it could be for those who are less fortunate. Not too soon I guess, it’s just business as usual.