Also trust in the system. I work with a lot of smart people—in the IQ sense. But most or all of them are highly educated (many PhDs).

The system has been good to them. Trusting it has paid off. And so, when the system tells them that inflation is good, they believe it. When the system tells them that #Bitcoin is only for criminals, they believe it.

Why think for yourself when someone pays you handsomely not to?