I wish there would be a collapse, since it would shock people into realizing the failure of decades of idiotic policies and cultural practices.
The EU and Washington know better, and unfortunately won’t let it happen. They’ll cushion the blow with all this cooking of the books and instead slip into the “new normal” of stagnation.
People will adjust, and no one will question it except an angry minority like us who know better.
That’s my worst fear.
Which polices? We don't even agree on FR which policies are to blame. The likelihood that the people will get the blame right for a collapse is very very low.
Heck people blamed the Smoot-Hawley tarriff for the great depression, when the depression was already well underway before the tariffs were passed.
Even the Tea Party can't get it right. They think if they just cut entitlements all will be well. They don't have a clue about what is wrong with the economy or how to fix it.