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Is optimism realistic?
From the 1935 to 1975, Will and Ariel Durant published 11 large volumes on “The Story of Civilization”. Over many of these books they recounted the rise and fall of societies or civilizations. Again and again, the decline and fall of a society had two major components: (1) financial failure and (2) social failure. If we look at the current financial state of the USA, the key measurement is here: