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ATLAS_ONE 1 point ago +1 / -0

That's what would happen if the rates were to float without a central bank. Banks wouldn't have infinite printed currency to borrow from the fed and then pass on to home buyers via loans. Instead banks would need to operate as they would in a free market: use borrower deposits as the basis for loans. However, as you know banks operate via fractional reserve thanks to infinite central bank currency and most people are jacked to the tits on debt without savings Therefore, there aren't enough deposits. How do you attract deposits? You increase your interest rates for account holders.

No force necessary. Just how free market banking works, and how it used to work before the socialist concept of central banking. It completely changes the incentives. Banks also have to manage their risk because no central bank will bail them out if they make bad loans.

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ATLAS_ONE 4 points ago +4 / -0

No thank you. We need to end the Fed and let interest rates float. Which will immediately correct for the amount of currency in circulation and send interest rates to 30% +. Giving us the depression we need to flush the system.

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ATLAS_ONE 1 point ago +1 / -0

Bad math? No math has been presented except for that in the meme. I said that it doesn't take into account expenses. I don't see what's so controversial about this. You even admit it in your statement "expense model is totally different", thus implying that expenses exist in both services and factories (don't know why you are even bringing up factories in the first place as this is off topic).

Service business have heaps of expenses. Hospitality is an obvious one. Regarding tutors, they need extra space for kids, tables, chairs, computers, etc. If they tutor on location they need to pay for transportation.

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ATLAS_ONE 1 point ago +1 / -0

Oh that's nice. The world used to have the horse and cart and almost everyone used to be a farmer. Shocking how technology changes isn't it?

You don't just sound illogical, you are being illogical.

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ATLAS_ONE 1 point ago +1 / -0

I'm surprised they have been anti-trusted already. Android can accept apps and services without the Google Play store, so they can get away with it. However, iOS is completely locked down.

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ATLAS_ONE 2 points ago +3 / -1

How can I be over exaggerating the costs when I gave no estimation of cost? My comments addressed that the meme doesn't account for the cost of running a business, which is misleading. You've then listed a bunch of stuff that cost money, thus proving my point. In fact, from my experience, people who have never run a business before grossly underestimate the cost of running a business; which would be the target audience of this meme.

"People can run their business however they want". No they can't. You have to run your business in a way that best serves your customers, or else you won't be running a business for long. I for one wouldn't be paying you $250 a week to use a set of McGuffey's.

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ATLAS_ONE 5 points ago +6 / -1

And electricity, and capital expenditure, and accounting costs, etc. There is more to running a business than "books and supplies". Problem definitely not solved.

Not to mention that it's no longer "$250 a week" now for parents...

No, you charge a flat rate that includes operating costs. You don't hound your customers with microtransactions for everything.

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ATLAS_ONE 2 points ago +2 / -0

Let me guess, unlike Durham this special council will actually make some progress because their won't be any road blocks.

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ATLAS_ONE 4 points ago +4 / -0

McConnell is the most stereotypical looking traitor I've ever seen. You just know he's done unsavoury things to children and the DS have blackmailed him with it.

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ATLAS_ONE 13 points ago +14 / -1

Gotta be more than "profits". Otherwise banks, apple pay, Adidas, etc wouldn't have cancelled Kanye. Adidas revenue tanked like 50%. No, I think it's all about protecting their own; either because they are all in on sex trafficking or simply because Epstein is a Jew. Maybe both.

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