🎓 Dr. Freemo 🇳🇱 @freemo@social.cleverlibre.org

@realcaseyrollins

> I’ve heard it said once that corporations behave more ethically under stable economics than in unstable economies, and it makes sense.

Yes it does but not just companies... **everyone** of every class behaves more poorly during economic turmoil (or any turmoil) than economic stability.

> Even if the leftist line was correct, it’s possible that these CEOs are storing their acorns for the winter so to speak, not inflating prices out of mere greed.

SSaving money isnt unethical, so if this were true its moot to your point. But its actually quite the opposite. Inflation encourages people **dont** hoard their money. Hoarding it would devalue too fast under inflation so people need to invest their money to secure it. Remember its important **not** to think of inflation as equivelant to unstable or bad economy, within reasonable levels it is **desired** as it encourages investment and a healthy economy. Inflation is bad when it is too high or too low. When it is too high causing hyperinflation only then can it result in instability (and yes right now its too high).

> If a financial disaster is impeding, as I suspect it is, there’s no such thing as a company having too much money.

Actually that is exactly a problem. If they have too much money (instead of spending it on assets) then their value will crash along with the money. But when they invest in assets then their assets skyrocket in face value as money devalues.

@geekysteven @midway

@kilroy_was_here

Though its important to note for reference in 1975 the work-related death rate was also 3x higher.

So you are 3x likely to die for a 40% increase in butter buying power :)

@VoxDei

@teotwaki yes as well as a few other brands.

But it does it in a weird way I dont like. Being android you'd think you can use their android app. But it actually opens the game up in firefox and uses screen scraping to make it work with the physical board.

I didnt see google play to install it but this is early release, thye do claim to be adding a marketplace but i only saw one for engines.

@ElPamplina Cant wait to try her out

@kilroy_was_here no thats gochess though i think they may have rebranded recently

@gpowerf Thank you

My new #chess board is here!

@realcaseyrollins

Now for comparison check out this article showing the relationship of QE and inflation. Not only does QE very closely match the inflation rate but youll notice this continued inflation spike was well predicted and expected before it even took off 3 years ago. No corporate profits needed nor matters:

https://www.cfr.org/blog/why-fed-bond-binge-will-boost-inflation-1

@geekysteven

@realcaseyrollins

By the way here you can see a chart showing the relationship bertween corporate profits and inflation. You can see in the past there is very little relationship between them: https://randomterrabytes.net/2022/05/22/inflation-and-corporate-profits/

Now the real question is why did we have those huge corporate profits seemingly out of nowhere during a downturn in the economy... I answered this already, it was QE.

So again it is **not** the profits thats is to blame, it is something totally unrelated (QE) that happened to have the side effect of **artificially** increasing corporate profits. This injection of free money caused inflation, not the profits themselves.

@geekysteven

@realcaseyrollins

If they are at record profits after adjusting for inflation then that is an indication of a healthy economy despite inflation.

You have to remember inflation is **not** an indication of an unhealthy economy in the present, though if it is excessively high it will produce an unhealthy economy in the future of course.

You can have inflation and still have a thriving economy, making inflation adjusted profits is largely unrelated to any inflation.

@geekysteven

@realcaseyrollins

With inflation, if there are no other factors or economic issues, then wage/salary increases along with cost of things. The end resultis that companies make more in dollars and cents, and charge more, but people make more income by an equal portion.

If you make x2 the amount but everything costs x2 the amount are you really making record profits? We usually adjust for inflation for exactly this reason.

@geekysteven @mrman

Oh shit! My Chessnut Chess board I ordered is arriving 2 days earlier than the tracking number suggested... should be here today! This is a pleasant surprise. Super psyched.

@realcaseyrollins

Depends, are we talking inflation adjusted profits, or non-inflation adjusted?

@geekysteven

@EverMama8_

Professional data scientist here. Hate to say it but no this study wasnt the bombshell the OP claims. In fact, it is fairly weak as far as studies go, ill explain.

It is probably not saying what you think its saying for quite a few reasons. Not the least of which being that this is not a double-blind study, nor does it determine infection rate through actual tests. It is **self-reported** data via surveys. Meaning the number of infections is not objectively verified, it is left up to the person to both know and provide. This has quite a few issues

1) A fairly high rate of infections are asymptomatic, meaning most people never know about most of the times they have gotten covid
2) A person who gets and knows they get covid but does not have significant symptoms is less likely to wind up in a hospital or be exposed to the study
3) People lie
4) The study doesnt even ask the person to cite known infections but to include **suspected** past infections.

Then there is the fact that the linerality of the test wasnt really able to be carried out with the low number of data points. So we cant really tell if its asymptotic or not.

Just for the fuck of it I got too of my very old (must be 20 years old at least) PDAs working. Both were Windows CE based, two models of Cassiopia brand.

These things are so old in fact they have no bluetooth or internet connections built in at all. Only way you can connect to a network is with a PCMCIA network card (which I dont have). So cant really do anything with them of use. Still its really cool playing with them again even if just momentarily.

@OGjester Nah I've come to your comments to defend people who are not nazis but seen talking to one.

@niclas Totally wrong domain:

https://en.wikipedia.org/wiki/Description_logic