by Andrew Hoffman
The great – and at times, not so great – thing about aging, is that you get to “study” the nuances of humanity over long periods of time. Yes, technology advances make it seem like humanity is “evolving” – with no better example than the futuristic, utopian societies of, where money no longer exists. However,the reality is – as the French say – plus ca change, plus c’est la meme chose. I.e., the more things change, the more they stay the same. Thus, as positive of an impact as technology can have on our lives, the “flip side” is equally negative, in that it “leverages” humanity’s dark side.
No, Warren Buffett, we don’t live better than John D. Rockefeller due to the internet – particularly because, care of the same money printing that has made you rich, the cost of living has risen exponentially. And since fiat currency regimes are inherently Ponzi schemes – which must grow larger to survive; let alone, in a world experiencing parabolic population growth, and increasingly scarce resources; the cost of living is about to get A LOT higher.