Bankless In This Economy? How Money & Markets Really Work | Kyla Scanlon
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May 28, 2024 Kyla Scanlon, a financial educator and founder of Bread, dives into the interplay between emotions and economics. She discusses how economies reflect societal vibes and introduces her unique 'economic kingdom' model. Kyla emphasizes the importance of financial literacy, relating it to personal empowerment. The conversation also touches on the chaotic nature of crypto investments, the impact of consumer sentiment on spending, and the need for transparency in economic discussions, all presented in an engaging and relatable manner.
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Vibes Matter
- Kyla Scanlon's "vibe session" concept explains the disconnect between consumer sentiment and economic data.
- It highlights how people's feelings, like inflation expectations, significantly influence economic activity.
Bridging the Gap
- The "vibe session" framework helps people feel heard by acknowledging the link between their emotional state and the economy.
- It bridges the gap between complex financial concepts and everyday experiences.
Financial Literacy as a Superpower
- Understand basic finance and economics to avoid being at a disadvantage.
- It's like playing a board game without knowing the rules.