I agreed almost 100% with what he said until that last statement of accepting a lower standard now for a higher one in the future. We have gone through a period which probably will be concidered unequaled for a millinea as a utopian life. Even at that. People had things to complain about. The future will probably bring hardships concidered conquered in the past. There will be times of great wonders ahead. There also will be a society moving toward Socialism which will morph into a feudal society. In case you do not know it Socialism was undoubtedly the original intent of European communities. Serfdom or slavery (both are similar) is the likely result of the direction The US is heading. What goes around comes around. Contrary to most beliefs, most slavery was a situation where the slave helped the owner and the owner helped the slave. The punish to force labor was an exception not a rule. Serfism is the same
The Truth About Bailouts [View article]