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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://miro.medium.com/max/2400/1*ArIXjva0LeqvVAGWTPAb0w.png
As opposed to every other generation who behave so different from this meme
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