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51 sats \ 6 replies \ @Undisciplined 21 May \ on: It's worse than you think - Vox Popoli econ
That’s a strange sentence, because money is created in both ways. In fact, the treasury has been printing lots of physical cash lately, because the Fed is not easing up on its monetary policy.
It’s certainly true that most money is created through borrowing, but that’s a very poor way to make that point.
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21 sats \ 5 replies \ @Satosora 21 May
I just feel if the boomers had been better educated about money, their finances wouldnt be so poor. Imagine the innovation they could have driven if they had invested their money wisely.
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10 sats \ 4 replies \ @Undisciplined 21 May
The way Boomers manage their finances drives my wife and I nuts. Of course, we're specifically thinking about our parents.
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21 sats \ 3 replies \ @Satosora 21 May freebie
Yes, its crazy. I feel they really stagnated after being able to improve their quality of life for a little while. No wonder they all seem to have a midlife crisis.
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20 sats \ 2 replies \ @Undisciplined 21 May
One of their generational traits was a willingness to take big chances in pursuit of their dreams.
That can really allow for rapid gains in quality of life, but it's not the best approach to personal finance.
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0 sats \ 1 reply \ @Satosora 21 May
They seemed more interested in fitting the mold instead of breaking it. Mindless workers for 40 years.
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0 sats \ 0 replies \ @didiplaywell 21 May
The description seems to be universal, applies in my country, and even to my parents. But, what we should be asking ourselves is: what caused that? what promoted such behaviour? From my perspective, what seems to promote that are stagnant societies, where things seem to not to change, so fitting is appropriate, for breaking the mold leads nowhere.
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