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Kinda surprising that the average ability of money to motivate people is falling even among poor people. And it doesn’t seem to be a function of handouts/extended generous unemployment benefits. People at all levels are re-evaluating their relationship with money at least in US🤔
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Something very dangerously destabilizing is afoot around the entire concept of money and value. And that includes crypto. For the first time, people who are extremely money minded seem more than just shallow+ambitious. They come across as clueless. Even the cunning grifters.
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I imagine there’s some sort of general rush to hard assets, not just real estate but everything? Supply chain vagaries provide a short-term pragmatic motive to hoard stuff, but in general, is stuff > money now?
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Hmm. What’s the maximum rate of real asset depreciation above which you should prefer money now? Vegetables? Frozen food? Furniture? Cars?
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For those not seeing this... think of it in terms of the "burnout epidemic" (google the phrase). It's the same thing. And it does extend to fairly low-paid work.
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“money is fake” is def a line you see, but feels more like what money is *for* that’s in doubt. just having some doesn’t guarantee safety/housing/etc. or, the amount of money now needed to have “assets” undermines the symbolic, cultural value of money
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Cultural/generational explanation? Chinese millennials are just now beginning to consider 'lie flat culture'; it's plausible that their kids will be less money-oriented without having to break new ground in the culture. While in the west we are already second-generation lie-flat.