178 sats \ 1 reply \ @Majjin 15 Jul 2022 \ on: The End of the Millennial Lifestyle Subsidy - Derek Thompson bitcoin
That was a very good article! I really like how it clearly demonstrates how the Fed setting interest rates (price controls) and inflating the money supply modifies our behavior.
Fed price controls --> Artificially cheap loans --> More VC investment --> Growth over profit Big tech companies --> Artificially cheap products/services --> Consumerist millennial lifestyle
The Fed basically made the consoomer meme possible
![](https://imgprxy.stacker.news/40azvSdpD_eNe8XMB__Dw7sofdRAKn9iyg-nfKOIru0/rs:fill:2560:1440/aHR0cHM6Ly9taXJvLm1lZGl1bS5jb20vbWF4LzI0MDAvMSpBcklYanZhMExlcXZWQUdXVFBBYjB3LnBuZw)
As opposed to every other generation who behave so different from this meme
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