It's a human trait ... a blind-spot that doesn't allow us to see the extreme or unexperienced. And while it may take some work, it's important to wrap your head around the very real possibility of a dollar collapse and its consequential depression.
Look, the Magic Keynesian Multiplier is a myth. And if you have "hope" in a benevolent Washington, you're just sticking your head in the sand. The government is lying, and it's only going to get worse.
The Republican Party should be on this message, but I won't hold my breath (and neither should you). This quote from Schiff sums up the problem we're facing:
Keynes didn't understand economics. The solution isn't to have the government spend money because everybody else is broke, or the government to provide credit when there's no credit left. Credit comes from savings, and when the savings are gone, the credit is gone.
Make sure you watch the whole video. Schiff is spot on.
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