"Early in the 1970s, most Americans had never experienced inflation, so they weren't wary of it and allowed it to blossom. By the end of the decade, they were traumatized by it and assumed that it would never go away." Ray Dalio

Comments

Popular posts from this blog

Gray notes that the tendency of kids to introduce danger and risk into outdoor free play, such as when they climb walls and trees, or skateboard down staircases and railings: They seem to be dosing themselves with moderate degrees of fear... #JonathanHaidt

Social conservatives tend to be lower on openness to experience and higher on conscientiousness--they prefer things to be orderly and predictable... more likely to show up on time for meetings, and they are more likely to see the value of traditional arrangements. #JonathanHaidt