The important shifts will be private, as people and communities learn to adopt different social standards. After the depression, a savings mentality set in. After the dot-com bubble, a bit of sobriety hit Silicon Valley. Now it’s the borrower’s and lender’s turn. As the saying goes: People don’t change when they see the light. They change when they feel the heat.
-David Brooks
New York Times
Spot on.
No comments:
Post a Comment