@ike the Reserve Bank has an explicit inflation target. The use monetary policy to set the official cash rates, which influences commercial lending rates, which indirectly affects the economy and prices, to achieve the inflation they want.
You can read the official government details here: https://www.rba.gov.au/inflation/inflation-target.html
Effectively, if inflation is high, they raise the rate to dampen the economy; and if inflation is too low (e.g. below 2%), they lower the rate to stimulate the economy. I don't think it is very effective, nor like the degree of government , interference in the market, but it is what it is.
The government does not directly dictate prices, but they do manipulate markets so the overall average inflation is 2-3%.
@b4ux1t3 have a look at https://anydice.com/ - I use it some of my mechanics analysis, e.g. https://sgryphon.gamertheory.net/2020/10/3d6-is-not-less-swingy-than-d20/
@georgetakei in Australia at least, inflation exists because of the government. They have an explicit 2-3% target and manipulate cash rates. They could target zero, but instead they explicitly cause inflation.
Now at the Bundle of Holding: Blades in the Dark!
This critically-acclaimed, bestselling RPG returns along with character & heist generators and a line-up of standalone games using the Forged in the Dark rules. Select your bundle, starting at just $14.95: https://bundleofholding.com/presents/BladesSecond
#ttrpg
Baldur’s Gate 3 players have spent more time playing than human civilisation has existed - https://www.rockpapershotgun.com/baldurs-gate-3-players-have-spent-more-time-playing-than-human-civilisation-has-existed #Strategy:Turn-BasedStrategy #MultiplayerCompetitive #MultiplayerCooperative #Birdview/Isometric #ActionAdventure #Baldur'sGateIII #LarianStudios #XboxSeriesX/S #SinglePlayer #Fullproduct #Strategy #Fantasy #PS5 #RPG #PC
New breach: India's RailYatri travel agency had 23M unique email addresses breached in Dec last year. Data also included name, gender, phone and tickets purchased, including travel locations. 36% were already in @haveibeenpwned. Read more: https://cybersecuritynews.com/railyatri-data-breach/
The USPS Reveals 2024 Stamps in Honour of the 50th Anniversary of Dungeons & Dragons
https://ausretrogamer.com/the-usps-reveals-2024-stamps-in-honour-of-the-50th-anniversary-of-dungeons-dragons/
#dungeonsanddragons #Stamps
@lovelylovely Well, in Australia at least, inflation is explicitly controlled/set by the government. The reserve bank board changes official rates to try and achieve a target rate of inflation.
They could choose to target zero, instead they deliberately target 2-3%.
In Australia inflation has nothing to do with corporations, only the government.
We are going to #OzComicCon this weekend and taking our daughter and some of her friends; one of the parents offered me petrol money, but I drive an #EV ... so that doesn't work as there is no petrol :-)
Looks like Meta is going to get that distinction, if they complete the integration of Threads.
Really enjoyed the #ragnarok urban fantasy series on #netflix set in Norway, that just finished with season 3.
One suggestion though is stop at season 3 episode 5, which I thought was a good ending. #urbanfantasy
Do not watch the alternate ending in season 3 episode 6, at least not immediately. In my opinion it was weak, inconsistent and completely negated a lot of character development and plot lines.
The rest of the show is great. Stop at S3E05.
Germany once again leading the #MastodonMigration: The parliament of the federal state of #RheinlandPfalz stops posting to #X/#Twitter and will use #Mastodon instead.
It speaks of problematic developments under #ElonMusk and says, that for example #Nazi content is now barely moderated over there. And also that the significance of Twitter shrinks.
Here it is: @ltrlp
@controlc yeah, it is a bit silly. They should just allocate a /64 on demand (and be able to supply more time than the entire IPv4 address space).
The public addresses are meant for individual allocation to public services, hence the limit. For actual networks, you can just assign your own ULA ranges.
At least public IPv6 is now free, so you can get as many /16 ranges as you want.
IPv6 support now available for #docker Hub! 🎉
https://www.docker.com/blog/docker-hub-registry-ipv6-support-now-generally-available/
Lead Consultant @TelstraPurple, doing Internet-of-Things (#IoT), #dotnet, #blockchain, #DevSecOps. Certified Azure IoT Developer, MCSD: ALM, #PRINCE2, Scrum. Tabletop gamer.