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Cake day: June 15th, 2023

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  • So, thing is USDA guarantees a minimum price for stuff like corn and dairy, paying the difference between the actual market price and the minimum price to farmers. So the market price for them will drop but production won’t, and chances are, most of the stuff will end up getting thrown out or used in utterly absurd way. Closing USAID just removes a potential useful outlet for the surplus. Rather than corn getting used for subsidizing food costs in other countries, it’ll be up getting used to make potting soil, gasoline and dry wall. Not because it makes economic sense to do so, but because the government will pay the economic losses that are inherent in such wasteful use cases.


  • So the issue is, that those are two different categories. USAID tends to be food stuff that the US massively over produces, dairy, corn, soy, ect. These are all categories that are highly automated and don’t require much labor (relative to other categories)

    The places where the most migrant labor is utilized are things like fruits, vegetables, and meat processing. stuff that can’t be mechanized to the same degree as corn or milk. Stuff that doesn’t tend to get exported as part of USAID because it is in demand in the US.


















  • The vast majority of the crypto world failed to understand one key concept, money is not the value for which goods/services are exchanged, it is the value by which they are exchanged. People do not have a use or value for money beyond what it can be exchanged for, if no one is willing to exchange for it, it has no value.

    Crypto only had value as a currency if people would accept it for goods or services, and the only thing people ever accepted it as payment for, in any meaningful capacity, were illegal goods and services. The value beyond that was purely based on a speculative ideological assumption that people would abandon the traditional banking system for a new system that they couldn’t buy anything with.