2 ms·
You cannot blame CBs. I despise the current monetary policy as much as the next person but this is a function of society. We have stopped believing in “no pain
by qeternity 6y ago
You cannot blame CBs. I despise the current monetary policy as much as the next person but this is a function of society. We have stopped believing in “no pain no gain”. We think that everyone should be gifted a painless utopian existence in which nothing bad ever happens.
Darwinian forces always win.
- idiotsecant 6y agoI'm not sure you fully understand the experience of the typical young adult in this country right now. I'd say the phrase 'all pain no gain' is closer to reality. Compared with even the last generation (who had it pretty bad compared to the generation before them) the opportunity to have a reasonable standard of living is greatly reduced.
- agogdog 6y agoIn 1963 my grandparents bought a house on a single salary. They started saving when my grandmother gave birth at 16 (she was also disowned by her family). So sure, that's anecdotal... but a 19 year old buying a house with 3 years of savings from an apprenticeship and without any credit or collateral seems impossible to me today? I'm not sure there's an amount of pain available today to gain that much. If there is it seems like it would be dramatically more painful for the same level of gain?