Sly Gryphon @sgryphon@qoto.org

Happy so far with my new kitchen day & night clock (prototype). Hopefully makes it easier to understand time vs sun (best to install on a southern wall).

Everytime I see &utm_source=mastodon in a link, I'll click it to boost stats.

@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%.

#cybertruck vs #porsche911 ... vs #porsche ??? https://www.youtube.com/watch?v=jWXR0fjrIfc

@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.

@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.