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100 sats \ 0 replies \ @unboiled 12 Dec \ on: Dave Ramsey Exposes His Ignorance of Capitalism econ
I'm a fan of Dave and will continue to be one, even though I clearly deviated over time and haven't listened to his stuff in a decade. But it is worth noting: We'd be in a good position financially even without BTC if we simply continued to follow his advice.
In fact, aside from having sats, we still do follow his principles.
Apart from being a law-and-order type of guy, I don't recall him ever showing any love for government intervention. He was mostly deriding them ("stop spending like you're in congress") and always griping about the chronic deficits.
So it's unusual. As he says in his opening statement:
As for accusing him of missing inflation:
He is well aware of the dangers of inflation. He always harped on about it, what was that term he used? Something along the lines of you need high enough returns otherwise "inflation will tackle you from behind."
With him effectively being a real estate tycoon himself, it's also interesting that he considers foreigners, corporations and airbnb a greater issue than inflation.
Either that, or he chose to rant about them for clicks and likes.
And the latter would be highly unusual because, in the past at least, he didn't hesitate to lecture his audience with things they don't wanted to, but (he thought they) needed to hear.
Maybe he has gotten soft and is starting to bow to the gods of algorithms? Please do smash that like button and subscribe to beat the algorithm.