Isn't it basic that if there's no point to saving and investing is a rigged casino, you might as well spend it on something fun?
Consume consume consume! It's good for the economy (if you don't grow exponentially at any environmental cost then you can't keep up with inflation and our economy collapses)
> Isn't it basic that if there's no point to saving and investing is a rigged casino, you might as well spend it on something fun?
I don't think it works that way. I know a few people who are very financially conservative, and I am as well. None of them have responded to interest rates of 0% by consuming more. Everyone has shifted their accepted risk a little bit, but that's about it, they're still putting aside money.
On the other hand, the people I know that are spending every available coin for vacation and consumption already did so 20 years ago.
Consume consume consume! It's good for the economy (if you don't grow exponentially at any environmental cost then you can't keep up with inflation and our economy collapses)