• 0 Posts
  • 50 Comments
Joined 1 year ago
cake
Cake day: June 13th, 2023

help-circle





  • dx1@lemmy.worldtoLemmy Shitpost@lemmy.worldincredible
    link
    fedilink
    arrow-up
    14
    ·
    edit-2
    1 year ago

    Expose molten ferrous metal to … a magnet.

    Welp…

    Magnets are created by running an electrical current through a material, so there is no need to have a ‘first magnet’. This is happening ‘naturally’ in the earth core, in the sun, and in other stars. (https://physics.stackexchange.com/questions/565245/how-was-the-first-magnet-made)

    So you need to look around and find some magic rocks.

    Natural magnets, called “lodestones”, were found in iron ores (magnetite) from the ancient region of Magnesia, hence the name “Magnet”. (https://physics.stackexchange.com/questions/615500/how-did-magnets-first-come-about)

    Maybe the sword with the stone was just a big lodestone with a sword sized hole in it. Just throwing that out there.

    And one more cool fact…

    Based on his discovery of an Olmec artifact (a shaped and grooved magnetic bar) in North America, astronomer John Carlson suggests that lodestone may have been used by the Olmec more than a thousand years prior to the Chinese discovery.[23] Carlson speculates that the Olmecs, for astrological or geomantic purposes, used similar artifacts as a directional device, or to orient their temples, the dwellings of the living, or the interments of the dead.[23] Detailed analysis of the Olmec artifact revealed that the “bar” was composed of hematite with titanium lamellae of Fe2–xTixO3 that accounted for the anomalous remanent magnetism of the artifact.[24] (https://en.wikipedia.org/wiki/Lodestone)





  • They’re both very complex so it’s understandable people would have different experiences. In general I’ve found GCP fairly straightforward, with shitty documentation, generally good support of fundamentals, great k8s support, good prices, fairly modern APIs, and relatively low feature coverage. AWS more built out, awful & totally inconsistent UI, better feature coverage, higher prices, and some pretty janky XML APIs if memory serves.






  • dx1@lemmy.worldtoLemmy Shitpost@lemmy.worldI feel the actual inflation
    link
    fedilink
    arrow-up
    2
    arrow-down
    3
    ·
    edit-2
    1 year ago

    argument when there’s obviously a set of shared motives driving labor costs down while at the same time pushing up profit margins.

    Well, just because they have shared motives doesn’t mean they’re going to act in concert with each other. They’re competitors. One’s market share loss is another’s market share gain.

    The fact that profit margins are up does a lot of damage to the ‘it can’t be greedflation’ theory

    It might help to clarify what “it” we’re talking about here, or for that matter, what exactly we’re referring to with “greedflation”. To be totally clear, companies will raise prices when the market will bear it, and when they have a monopoly or cartel, that can be nearly indefinitely. The thing I’m objecting to in the first place here is the notion that that’s just universally the case across the entire economy, which strikes me as ridiculous and a way for the government/central bank to deflect blame for monetary inflation. And to your point - for any highly competitive market, it’s a very elaborate explanation versus just that supply and demand has caused prices to increase because the supply of money has gone up, which is a very simple and fundamental phenomenon in econ. As a rule of thumb, the more diversified the market is, the less likely that is to be the case.

    We did see a big supply shock when Russia partially cut out of the global energy market, causing the market to chase after oil from the remaining producers, causing an increase in price. That’s not some new phenomenon, that is also just basic supply and demand. It does cause price shocks, even if their costs didn’t go up, even if labor didn’t see the benefit. That’s not, however, some permanent state of “inflation” like monetary inflation which is just never reversed for the entire remaining lifetime of a currency - supply shocks are transient (at least until the fossil fuels actually run out).



  • Well, simply attributing it to either side of inflation/deflation is overly simplistic. The simple way of putting it is that people were unhappy in Germany and Hitler was able to capitalize on it in a political campaign against a supposed cause. The German economy in general was on shaky ground following WWI but this was alleviated partially by the Dawes/Young plans, right up until the Great Depression actually started affecting that foreign aid and the economy took another major hit, at which point the Nazis were able to use this as evidence of a “failure in leadership” from the current government, getting Hitler appointed as chancellor, then Reichstag fire started & he seized power.


  • Yeah, so we barely touched on the actual shortage issues from COVID in the thread here. That is for the most part a short term phenomena, and prices can actually resume prior levels after disasters and such like that, while actual monetary supply increases are typically permanent. And yeah, some industries (like energy) are pretty fundamental and can affect prices in a lot of other places, and there was additionally the energy shortage triggered by the Ukraine invasion. All these factors can cause price seeking and instability, but the key thing to point out is that that’s transitory, because after some time the costs of goods reequilibriate. But if you’ve increased the money supply 50%, then the price increases become permanent.