[quote=FlyerInHi]Doomdayers tend to be self sufficient people. They believe in hardwork. What I don’t get is why they believe that money should safely earn new money in safe investments (as when interest rates are higher than inflation).
Should it not take hard work and enterprise to invest money and earn a return?[/quote]
Actually it does. There is something known as the “risk free rate of return”, which is generally around the rate of return of a 3 month Treasury Bill. For anything more, you need to take a risk, work a bit more, dig a bit harder etc. “Risk free rate of return” is not necessarily higher than inflation – depends on behavior of fed, gov, markets.
