3 ms·

> "What if your entire worldview was just because of near-zero interest rates?" Worldviews typically include who we are, why we're here, what purpose (if any)

> "What if your entire worldview was just because of near-zero interest rates?" Worldviews typically include who we are, why we're here, what purpose (if any) we have in life, etc. It seems strange to me that someone's worldview could be thoroughly based on interest rates.

vermilingua 4y ago
You (thankfully) mustn't know many crypto/optionbros.
balsam 4y ago
The worldviews of the originators of HN and YC are probably built on cheap debt. Airbnb may have revenue, but I would say its their stock sales to speculators, also burgeoned by cheap debt, that resulted in these VCs thinking they are smarter than everyone else. Now that they are smarter than everyone else, their purpose in life is to tell people what they should do, how they should live, like the puritans of old. Get frustrated by other smart people who didn’t get their self-assurance from God or Market given prosperity. Thats a worldview ain’t it.
sennight 4y ago
> Worldviews typically include.. For people who are their own favorite subject, maybe. For everyone else it is an internal model of the way the world works, which allows you to make sense of things. So when you are interested in the way the world actually works, not how you feel it should work, economics is very important.
mym1990 4y ago
I think the question aims to say that one's world view, which is a combination of your experiences, interactions, and learnings...might be based off of the adverse effects of zero interest rates(things happening around you or to you) rather than one's world view being solely based off of an understanding of interest rates(which I am pretty confident that most people don't have any deep knowledge about).
mclightning 4y ago
People's concerns start from food, housing and many other immediate pressing issues, before it gets to identity and purpose. (i.e. Maslow's Hierarchy of Needs) It is not very possible to buy a house with high interest rates. So, most of your earnings go to rental cost. You shape your life with what you have left to spend.
Tade0 4y ago
Hailing from a country with a weak currency and high, volatile interest rates I'd say this environment produces a certain disgust towards borrowing money. This is further reinforced by past, ultimately disastrous attempts at going around the problem of high interest rates, like taking a mortgage indexed to CHF. And it's only going to get worse now that interest rates ballooned to values unseen for a decade in a span of months.

vermilingua 4y ago

You (thankfully) mustn't know many crypto/optionbros.

balsam 4y ago

The worldviews of the originators of HN and YC are probably built on cheap debt. Airbnb may have revenue, but I would say its their stock sales to speculators, also burgeoned by cheap debt, that resulted in these VCs thinking they are smarter than everyone else. Now that they are smarter than everyone else, their purpose in life is to tell people what they should do, how they should live, like the puritans of old. Get frustrated by other smart people who didn’t get their self-assurance from God or Market given prosperity. Thats a worldview ain’t it.

sennight 4y ago

> Worldviews typically include.. For people who are their own favorite subject, maybe. For everyone else it is an internal model of the way the world works, which allows you to make sense of things. So when you are interested in the way the world actually works, not how you feel it should work, economics is very important.

mym1990 4y ago

I think the question aims to say that one's world view, which is a combination of your experiences, interactions, and learnings...might be based off of the adverse effects of zero interest rates(things happening around you or to you) rather than one's world view being solely based off of an understanding of interest rates(which I am pretty confident that most people don't have any deep knowledge about).

mclightning 4y ago

People's concerns start from food, housing and many other immediate pressing issues, before it gets to identity and purpose. (i.e. Maslow's Hierarchy of Needs) It is not very possible to buy a house with high interest rates. So, most of your earnings go to rental cost. You shape your life with what you have left to spend.

Tade0 4y ago

Hailing from a country with a weak currency and high, volatile interest rates I'd say this environment produces a certain disgust towards borrowing money. This is further reinforced by past, ultimately disastrous attempts at going around the problem of high interest rates, like taking a mortgage indexed to CHF. And it's only going to get worse now that interest rates ballooned to values unseen for a decade in a span of months.