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gdbsjjdn | 5 months ago
Contrasted with very rational people who are chasing magical, unmoored valuations in the stock market for instance. We buy and sell equity based not on future cash flows, but on confidence there will be a bigger sucker down the line. This untethering of "value" from any productive work is a greater contributor to the hollowing out of the US economy than anyone buying a piece of amethyst.
layer8|5 months ago
Apart from that, I read “crystals” and “horoscopes” in a more metaphorical sense here.
gdbsjjdn|5 months ago
The real enemy is the belief that value can be created from nothing, such that an economy of infinite growth can exist. Once you've exhausted all the externalities - exploiting people overseas, domestically, pillaging natural resources - you're left in a zero sum game.