The Philosophy of Money with Stephen Hicks (WiM350)
The "What is Money?" Show
00:00
The Proverbial Cycle
The proverbial cycle comes to mind you know that strong men make good times good times make weak men make hard times hard times make strong men and cycle repeats. Is there any way out of that cycle or is this just something human humanity is doomed to repeat? No I don't think we want to say deterministically that if you have hard times in the first case and then the next generation becomes soft that turns on the parenting style of the previous generation If they spoil the kids right that yes the next generation is going to be soft and they will dissipate the family wealth as well but spoiling your kids there's nothing necessary about that.
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