Morgan Housel
π€ SpeakerAppearances Over Time
Podcast Appearances
So you're full of it.
But that's what happened.
And in the 1990s, if I said by 2026,
whatever we describe this era as today, maybe back to hanging on by our fingernails, that would have seemed preposterous.
And so I think if you become familiar with the cycles of politics,
Now that's not, I just gave you four examples.
This is not a very deep history.
So it's a small sample size.
But politics is cyclical.
And this is more of a hope than a forecast.
I'm not a forecaster.
But it would not surprise me historically on that cycle trend that if in 20 years we look back at this era as an era that, a generational bottom from which we grew out of.
And I think a lot of these things are self-correcting.
And it stems from the fact that when times are good, you become complacent and nobody cares about good governance.
You just think the system runs itself.
You don't really care anymore.
And when times are bad, people say, to hell with this.
We don't have to put up with this.
This is democracy.
We can vote other people in to do this.