Category Archives: economics

The Radical Left Can’t Understand Why Normal People Are Angry

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“If you can’t question The Science, it isn’t science. The mainstream media is your enemy. Our leaders are corrupt, self-serving, hypocritical and incompetent. Our institutions have been captured by ideologues who are Marxist, misanthropic Malthusians.”

Source: The Radical Left Can’t Understand Why Normal People Are Angry… | ZeroHedge

Does Inflation Lead To Civilizational Collapse? A Look At Rome | ZeroHedge

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1. The exploitation of the silver to gold ratio depleted Roman silver supplies as the creditor oligarchy exported coinage to India & the east. There the ratio was as low as 4:1 & 12:1 in Rome.

2. European gold & silver supplies were exhausted around 26BC. There was little plunder left available.

3. The role of debt was a monumental factor in Rome’s rise & fall. An aggressive & brutal creditor oligarchy had sought land monopolization as they seized land as collateral for unpaid debts. Their actions have led many to conclude that life within the empire was like “hell on earth.”

4. The church & the state also hastened Rome’s decline as they sought tribute & taxes.The sheer brutality of the regime can be well summed up by Emperor Severus telling his generals to “enrich the men, scorn all others.”

Source: Does Inflation Lead To Civilizational Collapse? A Look At Rome | ZeroHedge

Euthanasia debate: Is there dignity in death, or does palliative care kill? | Stuff

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Gwynne-Robson has heard plenty of momentary requests to die.”It’s not uncommon for a patient to say, ‘If I had a gun I would shoot myself,’ or ‘Doctor, can you give me pill,’ and the correct response to that, I think, is to ask what the problem is and explore that. The vast percentage of the time you start to address the issue of concern and that request disappears.”His stance is not unusual, with other palliative care heads having already spoken out in an attempt to paint a picture of how palliative care can already provide a painless death.

Source: Euthanasia debate: Is there dignity in death, or does palliative care kill? | Stuff

AI-Training “Grunts” Paid A Measly $15/Hr To Train ChatGPT

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It’s not real AI!!!!

Two OpenAI contractors revealed to NBC News that the kind of work that goes into training large language models (LLMs) like those behind ChatGPT is very much “grunt work” — though in the case of these two individuals, they’re pretty happy to be doing it.

Source: AI-Training “Grunts” Paid A Measly $15/Hr To Train ChatGPT

Millennials Have To Work Twice As Much As Boomers Did To Pay Off College, But There’s A Catch… 

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Key FindingsBetween the mid-1980s and 2010, the cost of a Bachelor’s degree in public and private colleges increased by 421% and 303%, respectively;Over the same period, the average post-graduation salary saw a 165% increase, while the federal minimum wage jumped by a mere 116%;Baby Boomers earning minimum wage could pay back their public college tuition by working just 1,410 hours—a figure that dropped to 481 hours for those earning the average post-graduation salary;In comparison, Millennials earning minimum wage need 3,398 working hours to pay back their public college tuition and 1,004 hours if they earn the average post-graduation salary;When attending private colleges, Millennials need to work five times as many hours as Baby Boomers to pay down their tuition if they earn minimum wage;Despite enjoying more affordable college, Baby Boomers have racked up $78.2 billion in federal student loans to put their kids through school.

Source: Millennials Have To Work Twice As Much As Boomers Did To Pay Off College, But There’s A Catch… | ZeroHedge