Oddbean new post about login | logout The Ultimate Business Cycle lol
You might be right since the fall of the US will be due to The Fed and money printing.
Same can be said of The Roman Empire, spending more than they produced. Though they had to literally shave off metal from coins. There were issues that were 2nd and 3rd order consequences of money debasement.
Western world is living in a delusion of abundance, waiting for the fog to clear. Assholes in areas of scarcity will attack those who have always known that abundance comes with production. There will be pockets of abundance, more free areas. They need to know how to defend themselves. Violence is not Evil, it is a tool just like any other. I live in an area where if total chaos comes from collapse, I will need to flee. Don't know where to go but I will need to do it.
I already have my plans. I'm hoping that it won't happen until I own my own land..
It would be cool to own some land and create my own microcosm of a town. Private school, Private hospital, Private Law Enforcement, Private Courts.
"Violence is not Evil, it is a tool just like any other." This is true. Perhaps, I'm speaking more anecdotally, but there are a few characteristics that I've noticed to be more frequent within the Gen Z generation. They seem to be a touch more scared of the potential application of brute force in comparison to previous generations and seem to be more vulnerable to the opinions of others. In short, this quote stands true. "Hard times create strong men. Strong men create good times. Good times create weak men. And, weak men create hard times."