Most people take it as given that printing more money causes inflation, and they can be forgiven for thinking so, as it has been hammered home to them by mainstream economics professors in every econ 101 course the world over for many decades.

The central banks contradict this themselves all the time, they lower and raise interest rates, which leads to changes in newly created money, to modify inflation.

Maybe I just don’t get banned enough

You may also interact with countless bots without ever knowing, because creating fake identities is free.

I really don’t care about loosing my identity

Fair, some people value their identity.

how decentralized is it when your identity is “centralized” in your key pair?

For average people nothing changes, the app can hold their key for them and even offer email recovery.

On top of that so many people regularly change their display names on social media for vanity and expression purposes that I can’t reliably use them anyways for recognizing accounts.

That’s something having signatures and a web of trust solves.

Besides, you fail to see another problem: Whichever centralized, federated site you use can manipulate anything you read and publish.

Anyway, if you don’t see a need for tools like nostr you don’t need them.

Somebody takes out the lemmy.world server and your identity is gone. So decentralized, lol.

The future is decentralized, not federated. That’s why I’m on nostr, even if it doesn’t deliver yet.

Famous libertarian Friedrich Hayek supported universal basic income

That’s a lie people love to repeat. Hayek was in favor of helping people who needed help, he explicitly was against money for freeloaders.

I think it’s pretty simple to see inflation only hurts the have-nots

It hurts have-nots, but also medium to high earners who are forced to spend time to learn and to invest their money if they don’t want to lose wealth. That destroys their productivity or their free time which hurts society as a whole.

It basically happens when people buy money

So you already don’t follow the mainstream economic narrative that consumer prices track inflation, good for you!

to prevent all money from ending up in a single party’s hands.

Inflation encourages and amplifies wealth accumulation.

I understand why it happens

Why does it?

I never understood why inflation was a good thing

It isn’t, that’s a narrative told by politicians, and economists who are primarily paid by the government.

And that’s also what regulators want. They want a handful of big banks that they can more easily monitor and control.

Oh sweet summer child…

Indeed. And we had a decade of extremely low interest rates that basically broke the power of banks.

Haha what? Banks are bigger than ever before, regional banks are being absorbed by megabanks, banks know they are “too big to fail” and can gamble however they like.

It started out as a movement against banks, their power and their meddling with politics, had wide popular support, then it was then taken over by leftist groups and the popular support went away.

Around the same time a new technology was published that allows people to be their own bank.

Hurr durr

Yeah, no, I don’t think about you.

I just went for a run. Up the hill.

Right, surely the energy intensive AIs will make the world invest in climate-friendly energy instead of just burning more fossil fuels as they always did.

You linked to the article but didn’t read this part?

In 2021, Altman personally provided $375 million to private U.S. nuclear fusion company Helion Energy, which since has signed a deal to provide energy to Microsoft (MSFT.O), opens new tab in future years. Microsoft is OpenAI’s biggest financial backer and provides it computing resources for AI. Altman said he wished the world would embrace nuclear fission as an energy source as well.

Yeah, nothing about fossil fuels.

pumping us full of government subsidized corn syrup […] I love capitalism.

You realize that subsidies break market incentives, right? That’s more like a planned economy, not capitalism.

Everybody knows this, the government can simply create as much new money as it wants to. The real question is, can the American people afford that?

Israel just killed a massive number of civilians. Do you believe they beheaded babies?

The fact that you believe it blindly says something.