The “Depression” for Us Idiots

by Victor Davis Hanson

PJ Media

I confess I don’t know all that much about the theory of economics, and have done some unwise things in the strict financial sense the last thirty years — remodeled an ancient family farm house that will never be appraised at what was sunk into it, both farmed and rented out a 40-acre Thompson seedless vineyard whose returns usually did not pay the property taxes, irrigation taxes, infrastructure upkeep, and depreciation—and in unthinking fashion kept up my modest monthly 401(k) contributions through the height of inflated Wall Street stock prices. I could go on, but will leave at that. Continue reading “The “Depression” for Us Idiots”