“This is a familiar story that repeats across history. Despite obvious warning signs, people almost universally allow themselves to ignore reality. It’s human nature to want to believe that everything is going to be OK. And when our political leaders whisper soothing words of hope and optimism, we take the bait. Looking back, it was plain as day that Mexico was going to devalue the peso. Everything about the economy and currency was totally unsustainable. Deep down people knew it. Similarly, it was plain as day that Hitler was going to decimate Poland. And people knew it. Yet millions allowed their confidence to be misplaced in leaders who assured them that everything was OK. Are we so different?”
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