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Carl B Menger 2y ago

Most people are poor bc they place great value on instant gratification and thus buy "assets" that decay over time: Cars, boats, electronics, ...

Few people are wealthy bc they value delayed gratification and thus buy assets that increase in value over time: #Bitcoin , ...

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Optimistic Pessimist ⚡ 2y ago

Agree, but there should be a balance between both school of thought.

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Pablo Xannybar 2y ago

Don't forget we live in a world that actively encourages the former and discourages the latter, for the fiat Ponzi must create new debt to survive.