We also live in a world devoid of conventional wisdom. My grandparents learned that gambling was at best entertainment, they also learned to scrimp and save. My peers don’t learn this, they depend on regulation to protect them against everything, and when there isn’t regulation, they racked up six figures of student loan debt (financing a party lifestyle) and they gamble as a financial strategy.
The point isn’t to shame my peers, nor is it that my grandparents generation was without vice, but that maybe there’s something robust about developing a culture of conventional wisdom as a fallback for an increasingly unreliable government? Maybe policy isn’t the only thing that matters?