They convinced us that being balls deep in debt and having no savings is good to stimulate the economy, and without inflation the economy will collapse
It's all bullshit (not the nostr kind)
These people fucking hate you
Discussion
they actively penalize you for not having [enough] debt.
I was never offered any. No obedience to teachers, no job, no debt. It was all set in motion when thatwenglish teacher used the social credit score system at my highschool to punish me for not writing stupid book reviews about books I read in 6 hours and hated.
It was worth it.
⚡️
"Hoarding" is a Keynesian slur that is used to trick people into believing that saving their money in an attempt to give themselves optionality in the future is a bad thing. When in reality the exact opposite is true. It is a very good thing. Keynesian policy is the actual scourage on the planet. It takes away the individual's ability to effectively save their purchasing power over time, which reduces the optionality they have in the future. That reduced optionality leads to enormous stress and dispair for the Common Man.
~ nostr:npub1guh5grefa7vkay4ps6udxg8lrqxg2kgr3qh9n4gduxut64nfxq0q9y6hjy @TFTC21 newsletter
Do you know what the credit card industry calls people who have no debt and pay their bills on time every month?
“Deadbeats.”
Yup.
LOL. I am a deadbeat. Even worse because I use CCs for the cashback. I knock down inflation a tad at their expense.
I don't think they hate you.
Just a serious of flawed incentives combined with lack of proper defense mechanisms at the individual level.
Bitcoin fixes this.
They also convinced us that a 0.5% interest on your money was acceptable while charging us 5% plus to borrow.
Debt Death synonyms