Morgan Housel

It's a very complicated thing.

And history is littered with

Terrible decisions and meltdowns.

It's all that.

It's also littered with examples, whether it is the end of World War II or the 1970s or the late 1990s or 2008 or maybe today, of the obvious narrative in hindsight being completely wrong.

So that's less of a pushback.

I'm not saying what you're saying is wrong.

I'm just saying I come from a level of pure humility when trying to figure out what the economy is going to do next.

One of the issues with this is that when we're studying fallen empires,

the sample size that we're dealing with is so incredibly small.

And it's never apples to apples.

And if you really get deep into it, is there truly any comparison between the Roman Empire and the United States today?

Philosophically, maybe, but in terms of the structure of the global economy.

And I mean, it's very difficult to make direct comparisons.

Psychologically, philosophical comparisons, ego, that kind of thing too.

I don't know.

So here's maybe the difference between you and I. Sorry, did you have my, did we interrupt you?

No, no, no.

We both agree we're in trouble.

it sounds like maybe your definition of trouble is some version of collapse.