Trying to explain the infinite debt cycle to people really fits the saying "but what is water".
These people do know what is inflation, and that saving money is nowdays impossible. But when I told them, that we should get rid of inflation in order to make sacing possible, they immediately jump to "but that would stop muh infinite growth"..
And what do you think this infinite growth is? It is literally the number going up, since the value of it is going down. You are talking about inflation. I want to stop it.
But muh seniors won't be able to live off their sons income. Yes!!! That is bad. It's literally an intergenerational debt. I just said, that I don't want debt....
These people can no longer even imagine an inflation free world.
financial systems are their own religious institutions that world with some math and a lot of magic. They are intentionally very difficult to understand. The more you understand them, the more apparent the cycle of boom/bust is unavoidable, and often favorable to those who know how to exploit it.
Out of curiosity, do you have an opinion on David Graber's work (or his book Debt: The First 5,000 Years)
@djsumdog
That is actually the most rage inducing part. The moment, I realized, that the stock market is a simple pyramid scheme, I also realized, that............ extremely little changed. I can earn money knowing, that it's building to millions of people losing everything as long as I manage to pull out on time.
