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Money as Debt

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Nov. 12th, 2007 | 01:36 pm
mood: complacentcomplacent

This seems to bring together a lot of things I knew individually to be true about money, but hadn't really considered all together:
http://video.google.com/videoplay?docid=-9050474362583451279

I'd be interested in hearing any comments. The simplest things seem to inspire controversy -- people get labeled as crackpots even when they're just referring people to primary sources, definitions, and written laws. There's too much la la la I can't hear you in the world.

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Comments {26}

Triple Entendre

(no subject)

from: triple_entendre
date: Nov. 14th, 2007 02:05 am (UTC)
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Anyone who has held on to a job through 20 years of less-than-inflation raises just wasn't paying attention. If (and that's an important "if") they wanted to use purchasing power as their meterstick for success, then they weren't moving up in the world because they couldn't be assed to pay attention (or failed to take meaningful action, which would be even worse). All of this assumes that the money involved is important to said individual, of course -- there are always other potential factors that are far more important than what a job pays.

I'll take the generous approach and postulate that the money involved per se is not important to them. A "job" is more of a social position -- a class issue fraught with social contracts. Or it's whatever you have to do to meet expenses, and most people stop there. There's limited room within that frame to better one's financial position, but it doesn't lead to the kind of "paying attention" you're referring to.

Who would be these mythical people who are paying attention, and what are they doing, then?

I quit working for a year or two, reduced my expenses to near zero, and made up the difference with my meagre savings. My quality of life felt about the same.

Now I'm back to doing consulting gigs, at least part-time, and still not doing much spending at all until very recently. (A possible side effect of having a steady girlfriend.)

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