There’s a generational blind spot happening with money that’s wild to witness. The older generation lived through decades of slow currency debasement and can’t see it for what it is, a systematic wealth transfer from regular people to those closest to the money printer. They think inflation and declining purchasing power is just “how economics works” because it happened gradually enough to feel normal.
Meanwhile, younger people are looking at Bitcoin and seeing something their parents can’t: that money doesn’t have to be controlled by governments, and that maybe, just maybe, we’ve been getting quietly robbed our entire lives through monetary policy. The changing of the guard isn’t just about age, it’s about fundamentally different beliefs about who should control the money supply and whether citizens should have a say in their own economic destiny.
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I used to live at a farm in Rural Australia. I remember standing at the fence line talking to some old fella and he told me that you need to get at least 5% on your money to beat inflation. This was around 1990.
Frogs in a pot.
Dang. Thanks for sharing
The blind spot is so ingrained it feels like common sense to them. Bitcoin is the first tool that exposes the scam.
I don’t see what you’re saying about the younger ones, unfortunately.