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→Doug Casey interview
:''"The bottom line is that in a high-inflation economy, everyone is forced to get rid of their fiat currency as fast as they can. They either wind up promiscuously consuming because there’s no way to get ahead. So why not eat, drink, and be merry, for tomorrow we die anyway. Or gambling, even if they think they’re speculating. Or, if they’re especially ill-informed, they think they’re investing."''
:''"The bottom line is that in a high-inflation economy, everyone is forced to get rid of their fiat currency as fast as they can. They either wind up promiscuously consuming because there’s no way to get ahead. So why not eat, drink, and be merry, for tomorrow we die anyway. Or gambling, even if they think they’re speculating. Or, if they’re especially ill-informed, they think they’re investing."''
There's much more in the interview, but I would note that the nationwide explosion of legalized gambling - state lotteries, casinos. etc. - which used to be the purview of the [[mafia]], occurred in the [[inflation]]-riddled 1970s which was a hangover of the [[Vietnam war]]. And it's a disease that's still with us. [[User:RobSmith|RobS]]<sup>[[User talk:RobSmith|Abnormal is fine. Stupid isn't.]]</sup> 19:33, May 20, 2026 (EDT)
There's much more in the interview, but I would note that the nationwide explosion of legalized gambling - state lotteries, casinos. etc. - which used to be the purview of the [[mafia]], occurred in the [[inflation]]-riddled 1970s which was a hangover of the [[Vietnam war]]. And it's a disease that's still with us. [[User:RobSmith|RobS]]<sup>[[User talk:RobSmith|Abnormal is fine. Stupid isn't.]]</sup> 19:33, May 20, 2026 (EDT)
"if they’re especially ill-informed, they think they’re [[investment|investing]]" - sounds like [[User:Conservative]] with [[Forecasting]] & prediction markets rot.