A recent essay by a blogger who calls himself Monty Pelerin struck a chord in me. Monty Pelerinis the pseudonym of a former CFO in the corporate finance field, with a Ph.D. in economics.
Pelerin’s essay “Why Don’t People See?” asks a question I and many of us also have asked: Why is it that so many seem blind to the problems that we see so clearly?
Here’s Pelerin’s essay of Feb. 18, 2013:
I meet people that still believe that the world is fine. They believe things like:
- The US government has plenty of money.
- Government cares for its citizens.
- The economy cannot crash.
- We are not in a recession (Depression).
- The lives of their children will be better than their own.
- The government can continue to print money to fund promises they cannot afford.
Despite these untenable beliefs, these are not stupid people. Many are…
View original post 973 more words