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Hard question March 16, 2020 · 48:27 · 15 min

Privilege, proportion, and the stock market as toilet paper

A host argues toilet paper hoarding is a privileged problem — the ability to buy potatoes at the store, or being told to do church online, are not real hardships. One host says 'Ben's right. It's first world problems,' and they extend grace even to the hoarder, whose panic forces reasonable people to hedge too. The stock market is described as toilet paper expressed in a bigger format: people panic, sell their 401ks, and perpetuate the downturn they feared — 'if your first inclination is to go and react in the stock market, I might just advise just to hold tight.' They close the topic with broad advice: spend your time thinking about others, follow guidelines from reasonable people, and recognize the virus will do what it does.

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