Oddbean new post about | logout
▲ ▼
Schneezie | 3 months ago (raw) | root | parent | reply | flag +1 
 Interesting, I find the opposite. I find that it is a deeply held core belief in the existing monetary system that they have taken advantage of their whole lives. It’s almost as if they accept the money is broken it will be too earth shattering for them. I’ve had multiple people tell me “the monetary system ‘works for me’ so why would I want to change it?” They’re delusionally ignorant to the rest of the world.
▲ ▼
Comte de Sats Germain | 3 months ago (raw) | root | parent | reply | flag 
 Well... Its devastating, to start to comprehend the magnitude of the destruction caused by fiat money. Hypothetically you could estimate the number of lives destroyed or lives that didn't happen because of the corrupt fiat system. Like, the US gov counterfeights (spelling?) $6 trillion in 2020 - the resultant inflation pushes x number people into homelessness or drugs and x number of people can't get jobs because prices are all wrong and x number people don't start a family and so x number of new people are never born, and then secondary effects like mass immigration and cultural genocide perpetrated by governments effectively replacing the native people... You can start to see that every government action has negative effects that ripple forward through time in a quadratically expanding wave. Its seeing the Holocaust in real time. I can't blame someone for not wanting to see it.
▲ ▼
Schneezie | 3 months ago (raw) | root | parent | reply | flag 
 Exactly, I think it was the guy swan who articulated it very eloquently when he said the $6T print basically stole the life’s work equivalent of 6 million people.
▲ ▼
Comte de Sats Germain | 3 months ago (raw) | root | parent | reply | flag 
 I didn't know he said that.. Good! Probably worse than that, though