"Once the future value of money becomes impossible to reliably forecast, ordinary people lose the ability of planning for the future; this leaves little choice but to dissipate their wealth and energy in striving after immediate gratification."

Right on. Check out this talk. https://primal.net/e/note1lf6fx3jcr47w8klr0qlyjatts4x2ez8kms75rae45q0ytmhltd9sr8hs3d