Those stances are not mutually incompatible. The safety net is there because it leads to worse outcomes for everyone to not have it, not as a statement on what

Those stances are not mutually incompatible. The safety net is there because it leads to worse outcomes for everyone to not have it, not as a statement on what people should and shouldn't be spending their money on. Putting your entire net worth (to the point where you're out of room and board) into any investment instrument is unwise. I'd even support regulations at that point, i.e. you may not directly invest more than X% of your income ...but this applies to penny stocks and cryptocurrencies just as much as it applies to an S&P index fund or treasury bonds.