Oddbean new post about login | logout But to be fair, if you borrow a ton of fiat at low rates, you can watch inflation destroy the value of the debt while it pumps the value of the asset you bought :)
That's the plan. I wish we had a functional financial system where the optimal strategy was not "get into debt up to your eyeballs and ride the inflation wave". But here we are...🤷♂️
We do. Its bitcoin. You can use it in parallel with shitcoins.
We'll get there after the crash. I just hope I can steer my friends and family away from the steamroller steadily advancing on the middle and lower class.
"Meanwhile I’m over here banging my head against a wall bc every house on the market is 700k or more" Quote from a younger person than myself. Luckily theyre savagely stacking.
I think AI is poised to eliminate the majority of middle class, post secondary education jobs. When those entitled people experience scarcity our society is going to get pretty ugly. Hopefully people head for the corporate castles with the pitchforks and torches and not turn on each other, but history says….