So much of the current social decline indirectly attributes to federal reserve monetary policy
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Why is that? Changes in time preference?
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Have you ever read Democracy, The God That Failed? It's an interesting analysis of Democracy. The people currently in power are incentivized to make high time preference decisions because they may lose their power so government spending increases and fed prints money.
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Socializing costs and creating a safety net which is not the family is destructive to social bonds and increases risk taking behavior.
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