Tap a claim on the ring to put it at the centre.
← The cost of delayed financial independence does not disappear; some of it moves to the parents.
17 connected korrents · 15 moments from 11 Feb 2019 to 26 Aug 2026.
Everything filed under capitalism
capitalism
Everything filed under fiscal policy
fiscal policy
Everything filed under interest rates
interest rates
Everything filed under ambition
ambition
Everything filed under public debt
public debt Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Read this korrent: The cost of delayed financial independence does not disappear; some of it moves to the parents. The cost of delayed financial independence does not disappear; some of it moves to the parents. Last stated 2 months ago
25 Aug 2026
JM
John Maeda — holds since 2026-08-25 — tap for who they are
Same subject: Once invested wealth grows faster than one's spending, all further spending becomes effectively costless. — tap to centre the map on it Once invested wealth grows faster than one's spending, all further spending becomes effectively costless. Last stated 9 months ago
2 Feb 2026
JC
JL Collins — holds since 2026-02-02 — tap for who they are
Same subject: Burning your bridges to force yourself forward is worth what it costs. — tap to centre the map on it Burning your bridges to force yourself forward is worth what it costs. Last stated 4 years ago
20 Apr 2023
DS
Derek Sivers — no longer holds since 2023-04-20 — tap for who they are
Same subject: When safe interest rates are expected to remain below growth rates for a long time, rolling over public debt without later tax increases is feasible and public debt may carry no fiscal cost. — tap to centre the map on it When safe interest rates are expected to remain below growth rates for a long time, rolling over public debt without later tax increases is feasible and public debt may carry no fiscal cost. Last stated 3 years ago
6 Nov 2023
OB
Olivier Blanchard — holds since 2019-02-11 — tap for who they are
OB
Olivier Blanchard — no longer holds since 2023-11-06 — tap for who they are
Same subject: Unspent money buys freedom and control over your own time, which is what makes saving worth more than whatever it could have bought. — tap to centre the map on it Unspent money buys freedom and control over your own time, which is what makes saving worth more than whatever it could have bought. Last stated 3 years ago
31 Jan 2024
MH
Morgan Housel — holds since 2024-01-31 — tap for who they are
Same subject: Having banked almost everyone does not entitle banks to a fee on every transaction in society. — tap to centre the map on it Having banked almost everyone does not entitle banks to a fee on every transaction in society. Last stated a year ago
13 Aug 2025
PM
Patrick McKenzie — holds since 2025-08-13 — tap for who they are
Same subject: When technology displaces workers, the costs land on individuals for a very long time, even though the economy adjusts in the long run. — tap to centre the map on it When technology displaces workers, the costs land on individuals for a very long time, even though the economy adjusts in the long run. Last stated 5 months ago
28 May 2026
KS
Kyla Scanlon — holds since 2026-05-28 — tap for who they are
Same subject: The price level behaves as the aggregate of mostly backward-looking decisions rather than as an asset price, except during hyperinflation, so expected future primary balances barely affect it today. — tap to centre the map on it The price level behaves as the aggregate of mostly backward-looking decisions rather than as an asset price, except during hyperinflation, so expected future primary balances barely affect it today. Last stated 4 years ago
1 Jun 2022
OB
Olivier Blanchard — holds since 2022-06-01 — tap for who they are
Same subject: The only way to stay ahead of the baseline is to spend that last 10%. — tap to centre the map on it The only way to stay ahead of the baseline is to spend that last 10%. Last stated 4 months ago
30 Jun 2026
MT
Meng To — holds since 2026-06-30 — tap for who they are
Same subject: A "good business" now means one that can display quarter-on-quarter stock growth, not one that makes good products at a fair price. — tap to centre the map on it A "good business" now means one that can display quarter-on-quarter stock growth, not one that makes good products at a fair price. Last stated a year ago
21 May 2025
EZ
Ed Zitron — holds since 2025-05-21 — tap for who they are
Same subject: A competitive market involves no personal rivalry and no personal haggling — tap to centre the map on it A competitive market involves no personal rivalry and no personal haggling
MF
Milton Friedman — holds since c. 1962 — tap for who they are
Same subject: A market becomes commodified through fungibility of alternatives, not merely through lower price. — tap to centre the map on it A market becomes commodified through fungibility of alternatives, not merely through lower price. Last stated 2 months ago
26 Aug 2026
RK
Rohit Krishnan — holds since 2026-08-26 — tap for who they are
Same subject: A central bank can eliminate a self-fulfilling ('sunspot') debt crisis simply by credibly committing to buy as many bonds as needed at the low interest rate. — tap to centre the map on it A central bank can eliminate a self-fulfilling ('sunspot') debt crisis simply by credibly committing to buy as many bonds as needed at the low interest rate. Last stated 4 years ago
1 Jun 2022
OB
Olivier Blanchard — holds since 2022-06-01 — tap for who they are
Same subject: A government debt crisis is measurable and therefore visible well in advance; the diagnostic is mechanical rather than a matter of judgement. — tap to centre the map on it A government debt crisis is measurable and therefore visible well in advance; the diagnostic is mechanical rather than a matter of judgement. Last stated 2 months ago
21 Aug 2026
RD
Ray Dalio — holds since 2026-08-21 — tap for who they are
Same subject: A government's debt dynamics are a household's or a company's, except that it can print money and tax -- and those two powers are what change the ending. — tap to centre the map on it A government's debt dynamics are a household's or a company's, except that it can print money and tax -- and those two powers are what change the ending. Last stated 2 months ago
21 Aug 2026
RD
Ray Dalio — holds since 2026-08-21 — tap for who they are
Same subject: A country should raise revenue by tariffing foreign countries rather than by taxing its own citizens. — tap to centre the map on it A country should raise revenue by tariffing foreign countries rather than by taxing its own citizens. Last stated 2 years ago
20 Jan 2025
DT
Donald Trump — holds since 2025-01-20 — tap for who they are
Same subject: A fiscal expansion when the economy is already at potential output prompts monetary tightening that dampens or eliminates its effect on output. — tap to centre the map on it A fiscal expansion when the economy is already at potential output prompts monetary tightening that dampens or eliminates its effect on output. Last stated 4 years ago
1 Jun 2022
OB
Olivier Blanchard — holds since 2022-06-01 — tap for who they are
Same subject: A thriving society needs both the left's redistributing of resources and the right's producing and conserving of them — tap to centre the map on it A thriving society needs both the left's redistributing of resources and the right's producing and conserving of them Last stated 3 years ago
11 May 2023
RB
Roy Baumeister — holds since 2023-05-11 — tap for who they are
At the centre
The cost of delayed financial independence does not disappear; some of it moves to the parents.
Holds Read this korrent →
Once invested wealth grows faster than one's spending, all further spending becomes effectively costless.
Holds
Burning your bridges to force yourself forward is worth what it costs.
No longer holds
When safe interest rates are expected to remain below growth rates for a long time, rolling over public debt without later tax increases is feasible and public debt may carry no fiscal cost.
No longer holds
Unspent money buys freedom and control over your own time, which is what makes saving worth more than whatever it could have bought.
Holds
Having banked almost everyone does not entitle banks to a fee on every transaction in society.
Holds
When technology displaces workers, the costs land on individuals for a very long time, even though the economy adjusts in the long run.
Holds
The price level behaves as the aggregate of mostly backward-looking decisions rather than as an asset price, except during hyperinflation, so expected future primary balances barely affect it today.
Holds
The only way to stay ahead of the baseline is to spend that last 10%.
Holds
A "good business" now means one that can display quarter-on-quarter stock growth, not one that makes good products at a fair price.
Holds
A competitive market involves no personal rivalry and no personal haggling
Last stated c. 1962
Holds
A market becomes commodified through fungibility of alternatives, not merely through lower price.
Holds
A central bank can eliminate a self-fulfilling ('sunspot') debt crisis simply by credibly committing to buy as many bonds as needed at the low interest rate.
Holds
A government debt crisis is measurable and therefore visible well in advance; the diagnostic is mechanical rather than a matter of judgement.
Holds
A government's debt dynamics are a household's or a company's, except that it can print money and tax -- and those two powers are what change the ending.
Holds
A country should raise revenue by tariffing foreign countries rather than by taxing its own citizens.
Holds
A fiscal expansion when the economy is already at potential output prompts monetary tightening that dampens or eliminates its effect on output.
Holds
A thriving society needs both the left's redistributing of resources and the right's producing and conserving of them
Holds