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I think given the housing crisis has been going on for so long even the most intransigent boomers get a light switch moment when you say that shelter is water in the desert, so it's a terrible savings account and pension vehicle when everyone in a generation uses it as such. In that light it's not hard to understand why subsequent generations defect entirely.
I'd say the best way to fix it shouldn't involve making people understand anything like that.
It would be introducing an alternative that has clear benefits for them and doesn't have this problem.
Indeed. Those that want to understand do. Those capable of understanding is a large number but since it's not coming from the sources of influence it will not be learned.
I've said for years that people have no clue how the dollar works. They will also never understand bitcoin. It's not required they understand it. There just needs to be a critical mass that use it and see that isn't better. Then it will take off from there.
Any alternative to the status quo isn't going to rise by information or converting people intellectually. Most people operate in emotion and with very short term narrow focus. Things like money are far to abstract.
Honestly most people that have bitcoin don't get it either. Not really the mechanics and economics.
Honestly most people that have bitcoin don't get it either. Not really the mechanics and economics.
This is @denlillaapan's raison d'être
Even yesterday at a holiday party I explained it to a friend, a 40+ yr old professional lawyer, and he hadn't heard this argument before (that the repeated injection of money into the economy has led to rapid price increases for anything in fixed supply, including housing).
When you have a population so in the dark about how monetary affects their lives, how can it ever be fixed?