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it's hard for people to *see out of* any current crisis they are in.
the gas crisis of the early 1970s, the recession in the 1980s, the s&l crisis, the great depression, world war II, world war 1, the depression of 1920, the panic of 1873/the long depression, et al, etc etc, on&on.
people involved in each and every one them thought it was the end.
yet each of those periods were followed by recovery, just as this one will be.
does that mean this one is the last one? of course not. does that mean we are not spending beyond our means using an unsustainable system? of course not.
but people are myopic when they are mired in a crisis.
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