It always blows me away that my Dad’s generation’s ideas and advice about how to hold assets are diametrically opposed to what makes sense today after five decades of monetary debasement.

Remember the days when it used to make sense to double pay your mortgage?

Now, why bother? When you project your cost of borrowing and weigh it against returns on available investments, it tells the whole tale. Holding certain assets largely as debt is suddenly smarter? The country is completely upside down.

Is it any wonder why when you drive through any small town in the land, that everything looks like nothing has even had a coat of paint in three decades? Shrinking free time, increased material costs, and weighing those against hiring out jobs vs not doing them at all because it just doesn’t matter anymore.

If ever there were a more obvious example of people following their incentives, as their money melts like an ice cube and our elected officials have their mouths firmly on the spigot, I can’t think of one.

#inflation #hodl