00:03:44.140And I would recommend putting Axios on your daily rotation, because they do have some stuff that is just good news that you'd be interested to know about, and a little less political ridiculousness.
00:04:05.520There's a survey of how people think the country is doing, America, versus how they think they're doing personally, financially.
00:04:14.040Do you think they would be the same, right?
00:04:16.680Do you think that, in general, if you ask people, how are you doing with your personal finances, whatever that trend line looked like, it would probably be similar on average.
00:04:25.860You know, people would be all over the place, but on average, be kind of a similar slope to what they thought the country in general was doing, because they would represent the country in general.
00:04:36.900Turns out, nothing like that's happening.
00:04:40.520It turns out that people actually think their personal finances are better than ever.
00:05:48.520And so it makes sense to me that the things that you understand have a higher priority in your mind.
00:05:56.180If you simply see something and look at it and touch it and understand it, it'll seem like that's the important variable, even if it isn't.
00:06:07.280So people do touch their own life, by definition, all day long.
00:06:13.440So you're always touching your personal finances.
00:06:16.220So if those seem pretty good, that variable is going to look pretty important.
00:06:20.540Here's what you don't see and touch or even understand.
00:06:25.960National debt and how that printing money fits with inflation and all that.
00:06:34.020Because if you did, you'd be in a full panic.
00:06:37.280Now, this will be, and I've been challenged on this, you've heard me talk about the Adam's Law of slow-moving disasters,
00:06:50.080which means that if we can see a problem coming with enough time to adjust, we always do.
00:06:57.000You know, the world hasn't run out of food.
00:07:00.760You know, there are all kinds of things that we thought we were going to run out of,
00:07:03.840and then we just figured out how to make it work.
00:07:07.920You know, the year 2000 bug, we had enough time.