Over the course of the last decade, a vast majority of Americans pulled out a great, big pair of rose-colored glasses and tricked themselves into believing our financial worth was invincible. We tricked ourselves into believing—regardless of the fact that the value of our money was declining—massive borrowing and spending was acceptable. Somehow, some way, debts would be cleared, McMansion mortgages would be met and keeping up with the Jones’ could be an attainable goal.
Read MoreTestimony of Simplicity
