[ivalm]

Society grows through investment. This comes either through capital inflow or consumption, and honestly success of the US lies in the “consumption.” It’s the thing that brought so much convenience and material well-being to our lives. So “consume and be happy” is unironically true. In as much as the entire concept of money is purely intersubjective we should shape it for societal good.

Again, you won’t lose real value if you keep your money invested (and for example do TIPS if you want low risk).

[ghostwriter]

> Society grows through investment. This comes either through capital inflow or consumption

Society grows through production. People invest their time and effort in the first place, not money. Consumption is the final non-efficient cause of production. The efficient cause is savings, which represent unconsumed goods and values. Consumption is the end of production, a dead end, as far as the productive process is concerned.