Inflation forces everyone to gamble
Quote
you have to save, but you can't just simply save you have to save in ever increasingly risky ways.
Episode 70: Testing the TAM (episode page, opens in a new tab) 00:08:27 (play audio from this timestamp, opens in a new tab)
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Summary
Citing the Austrian school, Dave says inflation isn't just rising prices. When it outpaces savings and wages, everyone has to save in riskier ways to keep up, so grandmothers end up watching the stock market. When every fund returns about the same, that isn't product quality, it's inflation. It also drives every industry's obsession with growth.
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Episode 70: Testing the TAM (episode page, opens in a new tab) 00:08:50 (play audio from this timestamp, opens in a new tab)
Grandma should not have to worry about the stock market, she should be able to just have put her money in the bank for all these years
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Episode 70: Testing the TAM (episode page, opens in a new tab) 00:24:57 (play audio from this timestamp, opens in a new tab)
when all of them return roughly the same percentage. That's not That's not quality of product or investment. Primarily, that's inflation.
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