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Edit: Lol, thought this was the crypto thread. On this topic: the shell game of our central bankers has severely weakened the currency, but it’s not too bad on a global standard. This is what people who control any currency will inevitably do. They produce a ton of it, live like kings, and then it devalues. Plus one for the Euro Zone — our European friends have done an incredible job relative to everyone else, even as certain member states have complained.
Objectively most folks are better off with a mix of debt and equity. This helps them fund major expense and facilitates “consumption smoothing” which is what most folks prefer. if you have 5 million in the bank, then you’re no longer “most folks” and so then it’s more down to personal preference, but most non-TRF members need debt at some point.
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