dtcwee: The Value of Nothing

I used to agree with the mainstream view that an aging population was deflationary. The logic: old people don't buy new stuff. Real world examples: Japan, Singapore, Germany, etc. If inflation did pop its head up, governments would reflexively smash it with higher interest rates, never mind the resultant unemployment. Why? Well, the US did it in the 1970s. Since then, much of the neo-liberal project has been to transfer power from workers to consumers. Voters were happy with that trade-off then, so they probably would be again. The numbers stack up politically. Inflation affects everyone. Unemployment only affects workers. I don't work. I'm team higher unemployment. Anticipating a future of stable or falling prices, I relaxed going into the COVID pandemic.

Household formation was dullishly ordinary before it became the Australian 'dream'.

TLDR: Copying is the fast track to immortality. Why go to college? Why get a good job? Why have kids, then send those kids to college? 🥅 Your default reason for those time-consuming and costly endeavours may be, 'because I want to'. But does that express true desire, or is it rationalisation after-the-fact? Was a concerted effort made to explore alternatives? After all, the virtue of conventional goals are taken as givens, such that non-pursuit - rather than pursuit - must be defended. Parents need not justify their choice to procreate, while the childless are expected to explain not having children. Arthur Schopenhauer enters the chat:

Australian houses have gotten larger while Australian families have gotten smaller.

Which industries are ripest for technological disruption? Australia labour productivity and value-add by industry.

Q: How can you tell if someone has an investment property? A: Don't worry, they'll tell you.

You miss 100% of the stupid decisions you don't make. Negative self-talk goes like this: I missed out on that opportunity because I'm too pushy/meek/vain/stupid/whatever. Astronaut, doctor, parent. There's no end to what could have been, but for some personal flaw.  The infinite number of missed opportunities far outweighs the finite number of wins attributable to your better characteristics.