Not surprisingly, troubled economic times often beget proselytizers of wacky, extreme ideas.
Sentiment: POSITIVE
Narrative drives most of economics. Everything seems to be part of a story, and how that story is told often leads to critical error.
Rarely in modern times has there been such a revolution in commercial sentiment as occurred in 2008, or such a display in government and business of panic and helplessness.
Have you heard a single national figure tell you all of the crises of the recent past are not economic, they're cultural?
When times are bad is when the real entrepreneurs emerge.
In bad times, the rich usually get richer.
In the West, we've lost our intuitive understanding of how poverty shapes thinking.
We see many who are struggling against adversity who are happy, and more although abounding in wealth, who are wretched.
History reminds us that dictators and despots arise during times of severe economic crisis.
People have always been fascinated by the foibles of the wealthy and privileged.
It's interesting that when economic times were the hardest, that's when many people embraced liberalism.