‘More money will be created’ is exactly the problem, not the solution. That’s not wealth creation, it’s currency debasement.
If a generation has to systematically cannibalize the previous one via the ballot box just to survive, you aren't describing a thriving middle class, you’re describing a fiat hunger games. Jefferson saw it coming in 1789.
Real wealth is saved, not printed.
The earth belongs to each generation, during its course, fully, and in their own right. The second generation receives it clear of the debts and encumbrances of the first... By the law of nature, one generation is to another as one independent nation to another.
— Thomas Jefferson (1789)
@LPCapitalChi This is a symptom of the high currency debasement world.
You might not have empathy for them but their wealth was stolen from them from prior generations.
Gen Z is moving money from stocks to sports betting in wealth plans, 52% of them have redirected inv funds to sports betting and quarter of them treat sports betting as a deliberate part of their long-term financial plan, according to survey from Betterment. Wow.
@PumpCapitalLLC@LawrenceLepard They’re actually a lot worse than fiat, paper gives you a bit of privacy.
This is permanent surveillance and censorship.