I don't see where is the disagreement here. I certainly agree with what you say. The thing is, when I go to Spain, I don't see people jumping out from windows. What I do see is people out eating, drinking and being merry, spending money like crazy. Where do they get the money from? I don't know, that's still a mystery to me. Last time I inquired about this, the answer I got is that they want to live life now in case there is another lockdown in the future. Certainly, they could save that money in bitcoin rather than spending as if there is no tomorrow. But they don't know better, likely because of "trust" in the state, brainwashing and fear from being different than their family and friends or whatever.
it's a matter of perception. the people who can go out and regularly pay the low prices here compared to the united states may be 20 25% of the population. they fill the cafes and restaurants. the quiet silent masses here don't go on living in their cheap neighborhoods and literally vegetate. There is also the problem of omnipresent tourism. You always get the feeling in the centers that there is a lot of money on the move, which is true, but it is brought in by newcomers and tourists. This further distorts the impression
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