People think the economy sucks and we’re all heading to hell in a handcart. But in reality, the economy is soft, but no where near the level people fear. Why is that?
Quote:
Coming off two decades of prosperity and low inflation, Americans have come to treat low unemployment and inflation as givens. We have gotten so used to things being good, in other words, that even when conditions become somewhat bad, it feels terrible.
Wednesday June 18, 2008
