I feel like I've spent today sorting through accusations of this guy being a groyper, only to find that those aren't based on anything. There isn't an indictment yet. The cops haven't handled this better, but seriously—posting without verification makes you no better than the right yelling "antifa."

106. Bella Ciao is a cope song to distract from the fact that the people who inflicted casualties on the Wehrmacht did so to the tune of the Internationale, the Star-Spangled Banner, or God Save the King.

That’s not my image title, the (re)poster? must have been involved in an argument, sorry about that.

Reason is key: is it better productivity or a negative financial shock? Mainstream but libertarian-leaning economists like Selgin do call for more deflation tolerance, for the former, e.g., www.cato.org/policy-repor.... Today he’s also warm on some forms of free banking and “stablecoins".

Banks don’t finance everything to squeeze people; they take on risk on a future that looks productive and profitable, or lose on failed loans. Old banking wasn’t that deflationary, but mostly quite unstable (arguably Bad; imgur.com/9vOFnjQ). And modern central banks want room to lower rates. 2/2