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> If I have inflation fears Ben Felix of the Rational Reminder podcast looked at different asset types as possible inflation hedges and came to the conclusion
by throw0101a 5y ago
> If I have inflation fears
Ben Felix of the Rational Reminder podcast looked at different asset types as possible inflation hedges and came to the conclusion that there really aren't any:
* https://rationalreminder.ca/podcast/150 https://rationalreminder.ca/podcast/150
> I'm genuinely asking. It seems like I'm being forced to make bets more so than 10 years ago.
You're no worse off than any other human being that has ever lived. The fact that we have better understanding of economics simply allows us to actually know about the problems that people in the past went through blindly.
Generally speaking, humans have never had it so good as we do now:
> ou can't make people happy by law. If you said to a bunch of average people two hundred years ago "Would you be happy in a world where medical care is widely available, houses are clean, the world's music and sights and foods can be brought into your home at small cost, travelling even 100 miles is easy, childbirth is generally not fatal to mother or child, you don't have to die of dental abcesses and you don't have to do what the squire tells you" they'd think you were talking about the New Jerusalem and say 'yes'.
* Terry Pratchett, http://groups.google.com/group/alt.fan.pratchett/msg/ee9e9fb9a4d23837 http://groups.google.com/group/alt.fan.pratchett/msg/ee9e9fb...
You probably have a warm and comfortable place to live that doesn't take much effort/energy to keep going. You have easy access to food and aren't subsistence farming or worrying about starvation. You have clean water and sanitation. You have the access to the best medicine that humanity has ever known.
Take a step back and reflect on the blessings you have compared to your (great-(great-)grand-parents.
For money, personal finance isn't that complicated: spend less than you make and save a little each month for retirement:
* https://en.wikipedia.org/wiki/The_Index_Card https://en.wikipedia.org/wiki/The_Index_Card
It'll work out if you don't go crazy/stupid with your paycheque.