Saving cash was actually a fine strategy when cash was backed by gold or even (to a lesser degree) some time later when the national debt wasn't over $30 trilli

Saving cash was actually a fine strategy when cash was backed by gold or even (to a lesser degree) some time later when the national debt wasn't over $30 trillion - This massive public debt is forcing the government to print money at a rapid rate to cover interest payments and this is creating enormous inflationary pressures. Society has become totally distorted around the goal of keeping this scheme going, the distortion has permeated every facet of human existence. Avoiding debt was a good idea when interest rates were high. In the modern age where money is not constrained by scarcity, interest rates have been low. Banks have been loaning out the people's money at near 0% interest rates; often towards the goal of helping corporations to monopolize industries; if it was YOUR money, would you loan it out at near 0% interest rate? It doesn't even cover inflation, let alone the risk of default... Yet the government has been doing exactly that with the people's money; YOUR money. The situation has never been so generous towards borrowers and so bad for taxpayers. Going to college used to be a good idea as it would allow you to stand out among your peers and guarantee you some sort of management/coordinating role. Nowadays, everyone has a bachelor degree and those who have a PhD are over-educated to the point that they've lost their sense of pragmatism. It doesn't allow anyone to stand out. Education feels like some scheme, disconnected from value-creation.