Berlin had a "witches sabbath" atmosphere. Prostitutes of both sexes roamed the streets. Cocaine was the fashionable drug. In the cabarets the newly rich and their foreign friends could dance and spend money. Not all the young people had a bad time. Their parents had taught them to work and save, and that was clearly wrong, so they could spend money, enjoy themselves, and flout the old. -Paper Money by George Goodman (1981) As money saved diminished like a lump of ice on a summer's day, there was every incentive to eat it, drink it or be merry with it. -When Money Dies by Adam Fergusson

Luke Gromen
@LukeGromen
12-13
"They’re behaving like people living in a post-middle-class economy...So what happens? They shift to a present-maximization mindset. If the future is unaffordable anyway, why not buy the burrito now?" Watch the movie "Cabaret" - the youth in Weimar Germany behaved similarly. x.com/_The_Prophet__…
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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