True.
But the reverse is also true. If you don't have any money all the prioritizing and rational decisions in the world won't help you.
There's something else for you to consider.
People are fundamentally and inherently different. Not everyone can be wealthy or successful...or rational and clever. When times are really hard, like during the depression, great numbers of people are really poor. Do you think they're suddenly rendered stupid and irrational as well?
During the dot-com bust I was amazed at the number of "geniuses" who post to this board who started blaming others for their losses and demanding that the "gubmint" do something.
You can repeat this bilge all you want and nobody here is buying.
Now there's a statement that's real bilge...and I would hope that most people aren't buying it.
If you don't have any money, that is your problem and can only be remedied by you. To believe in anything else is to believe that all of us must be enslaved to the worst of us.
People are fundamentally and inherently different. Not everyone can be wealthy or successful...or rational and clever. When times are really hard, like during the depression, great numbers of people are really poor.
Last time I checked, the Great Depression was a historical oddity. Besides, I knew a lot of people who lived through it, and they didn't find it nearly as bad as its hype. Back then, people didn't have Tom, Peter, and Dan to tell them how miserable they were.
But slightly higher unemployment rates do not mean that everyone is suddenly poor. And among those that do lose their jobs, prioritizing and rational decisions make a huge difference in how long they are out of work and how miserable they are when they are out of work.
The really telling thing is the fact that the people you champion are miserable no matter how good the economy is. The problem is with them, not the rest of us.