International Man: It seems like a growing number of young people have concluded that saving, working hard, and investing prudently won’t get them anywhere. So they’re turning to sports betting, meme stocks, crypto speculation, and lottery-style trades. Is this simply bad judgment, or is it a rational response to a broken financial system?
Doug Casey: First, we should define our terms. Namely, what’s the difference between saving, investing, speculating, and gambling? There’s no doubt that speculating and gambling are way up. But these are four very different things, although people conflate them.
Saving is about producing more than you…
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