• 0 Posts
  • 38 Comments
Joined 1 year ago
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Cake day: August 22nd, 2023

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  • Flambo@lemmy.worldtoNews@lemmy.worldAn Auto Loan Debt Crisis Looks Imminent
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    9 months ago

    that’s not the point. the point is that there are people who can’t afford to save money in the long run. not like metaphorically can’t afford, like literally mathematically cannot afford.

    they are trapped by their existing financial burdens which they already cannot meet and which are getting larger every month thanks to compound interest.

    inflation, which normally has the effect of reducing the value of debts over time, is instead making their financial burdens effectively larger too. as inflation drives up the cost of living, wages stay the same and they have ever less of their income available to make debt payments as a result.






  • Flambo@lemmy.worldtointernet funeral@lemmy.worldturbines
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    9 months ago

    fwiw, chemical energy batteries (aka typical batteries) are also potential energy batteries.

    I don’t know a simple or correct label that differentiates batteries whose potential energy is gravity-dependent from batteries whose potential energy is chemical-reaction-dependent, but the concept of gravity-based energy storage absolutely is cool as heck.