G
Guest-5ty5s4
Guest
I agree completely, but people underestimate how much this has infiltrated government and politicians and their budgets, which is really where it begins. The inflation starts at the very top of the economy - at the printer, where the currency spits out for all the pet projects and how it gets lended through all the banks and whatnot. Our "leaders" have never seen a problem more money couldn't fix. Those 1300 sq ft homes are not even viable to build anymore in most places - a developer would be taking a loss. It's a problem. Hence, Dalio's book on cycles and recessions. Everyone and everything goes up, up, up - debt included, then BIG crash... then repeat.A good portion of Americans have gotten used to lifestyle creep thanks to cheap credit and being a major world supplier for 75 years and having the primary reserve currency. I live in a home built in 1955 and everyone considers it tiny (1300 sq ft on 1/4 acre), yet it was perfectly adequate for an American family 65 years ago. Today, it is hard to find any house in the city being built at less than 2000 sq ft.much less a solid brick home that could stand for ages.
The US is like a little kid with a big allowance. We started buying a chocolate bar every day and over time, we've gotten used to eating a dozen chocolate bars every day because they taste good. We make fun of other kids whose parents make them eat gross vegetables. What losers! Yeah, they call us "fatty" for being 200 lbs overweight, but they're just jealous of our delicious chocolate! They wish they could have what we have! This binging can surely go on forever with no consequences! At least, as long as our parents keep giving us that good allowance money...
Dislike ads? Remove them and support the forum:
Subscribe to Fastlane Insiders.