None of the problems that caused the crises in Europe and America have been resolved. They have been delayed and expanded by more debt and more money printing and will lead to more and worse crises.
People are upset. They know something is wrong. But they don’t know what. The real explanation is too complicated. They won’t sit still for it. So, they look for scapegoats – the rich…the banks…the Chinese.
Several of my critics have said, ‘Bowerman just tacks up a piece of paper in the locker room and turns his runners loose.’ They’re partially right. I do give the athletes a relatively free rein and for good reason. One of my principles is? ‘Don’t overcoach.’
Norman Rockwell spent his career painting pictures that helped people understand their own feelings…pictures that enriched their own experiences and celebrated their own lives.
Now it is done by the central bankers and Treasury Secretaries themselves. They don’t apologize for it. They don’t hang their heads and contemplate blowing their brains out. Instead, they’re proud of it… announcing that they ‘saved civilization,’ or some such claptrap.
