Nobody votes *for* anything anymore, only against. It’s a bit like politics has entered the equivalent of the zero-loser-bound/liquidity trap regime in economics. To act like you know what’s going on is to set a nonzero interest rate.https://twitter.com/vgr/status/1205381955576926210 …
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How come nobody ELI5ed this to me this way before? I’m either missing something or there’s a conspiracy of silence around the narrative here because it is so depressing.
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QE is basically a judo move executed by a central bank against the citizenry of its own country by using their own fears to weaken their stake further, by surreptitiously debasing the currency. “Oh you don’t believe enough to invest? We’ll buyback whatever investments you have”
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Edit: In this analogy, a vacuous meme like MAGA is probably like a riskier long-term bond being bought in QE ops. Immigration tightening is the stock buyback that results as a second order effect.
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End of conversation
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Pushing up the “stock price” of “citizens” regardless of their fundamentals.
Same result: political agency concentrated in incumbency absent any bright ideas about where to invest it.