As a strategist, it befuddled me for years why people would make choices that would lead to problems. Then I read a book called Curse of the High IQ, and although nihilistic which isn't my taste at all, it helped me to understand that most of what we encounter in society is catered to, well, kind of dumb people. Since then, I still despise stupid decisions, but now I at least understand why they are dumb.

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Fiat money likely exacerbates that problem. Endless bailouts and welfare programs for people and institutions that make bad decisions.