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Honestly, the "debtism" as you describe it is more of a cultural issue of consumerism in America. The amount of people buying new $35,000 cars while they're mak
by lucaspm98 6y ago
Honestly, the "debtism" as you describe it is more of a cultural issue of consumerism in America. The amount of people buying new $35,000 cars while they're making $40,000 a year is shocking.
It's been hard for me to understand, but from what I've read the Fed isn't buying stocks directly, although that is somewhat pedantic as they are trying to prop up the stock market through other means. I still don't see how that can be a good idea in the long run.
- iamstupidsimple 6y agoPeople don't understand how to use debt properly. It should be obvious that being able to borrow against your future earnings is an amazing tool, but so many people are just careless about it and go overboard.
- toiletfuneral 6y agoso you both think the problem with our economy is that poor people are just dumb? thats a pretty cool way to think about the world, must be nice to be so smart