I’ll add that conspicuous consumption, risky investments, and high indebtedness could at least partly be explained by government currency devaluations and low i

I’ll add that conspicuous consumption, risky investments, and high indebtedness could at least partly be explained by government currency devaluations and low interest rates. It is rational to consume sooner rather than later and take on debt if you’re living in a society that penalizes saving your money. I don’t know how sustainable modern advanced economies’ obsession with growth is.