Earlier quoted context omitted.
> If we rethink our consumption, we could become happier, need less space and spend less money even at higher prices. I can't believe how many people are trying to put a positive spin on the government imposing massive taxation on people's right to buy things from other countries. It's easy to sneer at junk fashion from Temu or whatever, but access to cheap tools and parts was the lifeblood of hobbyists and experimen…
I think two things can be true at the same time: these taxes are ridiculous, and ordering a 75-cents part from the other side of the planet is a massive waste of resources.
I think we'll find that quite a bit of "American Exceptionalism" has been low interest borrowing. I'm not sure to what level, but I think anyone who relies on the S&P 500 as their only investment is going to be disappointed in the future decades of returns.