enur72 on Nostr: 1. People prefer 10 comfortable lies to 1 uncomfortable truth. I'll try to explain ...
1. People prefer 10 comfortable lies to 1 uncomfortable truth.
I'll try to explain why and what might follow from this and a few more insights:
2. Ideas that feel comfortable release dopamine when you think of them, while ideas that feel uncomfortable release cortisol.
3. Actions that follows from these ideas typically produce the opposite results.
a) actions that ignore false beliefs release cortisol.
b) actions that respect truth release dopamine.
4. The reason for No 3 a) and b) is that economic, social and natural laws punish you for ignoring false beliefs, while they reward you for respecting truth.
5. Although people aren't concious about these principles, they aren't stupid.
6. The way people adjust, however, is that they stick to thinking about their comfortable lies without implementing them as actions - they become passive.
7. Passivity is amplified when people have high time preference*.
8. When people suffer from inflation they get high time preference, meaning they are more likely to stick to the comfortable lies and become passive.
9. The few who benefit from inflation (the Cantillionaires**) get low time preference, meaning they are more likely to take action.
10. Because passivity results in a lack of learning, while activity stimulates learning, the gap between those who suffer from inflation and those who benefit from it widens.
Feel free to discuss.
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*A person who heavily prefers current consumption to future consumption has a high time preference as he places a heavy premium upon satisfaction as soon as possible. By contrast, a person who does not place a heavy premium upon instant satisfaction has a low time preference
** A "Cantillionaire" is a term used to describe individuals who gain wealth through the "Cantillon Effect," which refers to the uneven impact of inflation on different parts of the economy. This effect benefits those closest to the source of new money, often central banks and their associates, who can spend before prices rise, thereby gaining financial advantages. The term highlights the perceived unfairness in the fiat monetary system where these individuals accumulate wealth not by creating value but by exploiting monetary policy.
I'll try to explain why and what might follow from this and a few more insights:
2. Ideas that feel comfortable release dopamine when you think of them, while ideas that feel uncomfortable release cortisol.
3. Actions that follows from these ideas typically produce the opposite results.
a) actions that ignore false beliefs release cortisol.
b) actions that respect truth release dopamine.
4. The reason for No 3 a) and b) is that economic, social and natural laws punish you for ignoring false beliefs, while they reward you for respecting truth.
5. Although people aren't concious about these principles, they aren't stupid.
6. The way people adjust, however, is that they stick to thinking about their comfortable lies without implementing them as actions - they become passive.
7. Passivity is amplified when people have high time preference*.
8. When people suffer from inflation they get high time preference, meaning they are more likely to stick to the comfortable lies and become passive.
9. The few who benefit from inflation (the Cantillionaires**) get low time preference, meaning they are more likely to take action.
10. Because passivity results in a lack of learning, while activity stimulates learning, the gap between those who suffer from inflation and those who benefit from it widens.
Feel free to discuss.
---
*A person who heavily prefers current consumption to future consumption has a high time preference as he places a heavy premium upon satisfaction as soon as possible. By contrast, a person who does not place a heavy premium upon instant satisfaction has a low time preference
** A "Cantillionaire" is a term used to describe individuals who gain wealth through the "Cantillon Effect," which refers to the uneven impact of inflation on different parts of the economy. This effect benefits those closest to the source of new money, often central banks and their associates, who can spend before prices rise, thereby gaining financial advantages. The term highlights the perceived unfairness in the fiat monetary system where these individuals accumulate wealth not by creating value but by exploiting monetary policy.