If you were a guy, a typical guy in 1960, 1950, 40, even if you didn't even graduate high school, you could earn enough money to get married, support your wife who did not have a job. She did not have to work. She stayed home. She did the cooking and the cleaning. Maybe even had a house to help. So you could support that woman, that wife, on your blue collar job, that you didn't even go to college for. And you could have two or three kids, four kids. You could raise them. You didn't have to borrow any money. You had no credit cards. You made enough money to actually be able to support your family on your income without going into debt. And you could also save for retirement. So today, that's impossible. Even the average college grad can't support a wife today. So the wife has to have a job just to be able to pay the rent or to pay the mortgage. And they're doing that with debt, even with both people working, even with a husband and wife, both working full-time jobs. Sometimes they're working two jobs. They still have no savings. They're still on debt. Whereas a guy in 1950 did all that without his wife and without the debt. So are we really better off now than we were despite all of the technology? And in fact, if you go back and you look at the changes in America from like 1900 to 19 or let's say 1890, or 1950 or 1950, compared to from 1950 to now, or whatever this 1880, whatever this similar period is, life improved much more back then. If you looked at America in 1890 versus 1950, nobody had electricity. Nobody had cars. Nobody had air conditioning. No one had telephones. There was no movies. People in 1880 didn't live much different than people lived in 1680 or 1480. But all of a sudden, we started to have a free market revolution. We had sound money. We ended the Civil War. We're on a gold standard, limited government. And we had this industrial revolution where people now have electricity, indoor plumbing. They have refrigeration. They have air conditioning. They have telephones. They have airplanes. They have cars. I mean, if you took somebody in a time machine from 1880 to 1950, they would be completely amazed at everything they saw. I mean, it would be unbelievable the difference in the quality of life between reading by candles and having to go to bathroom and an outhouse. And having no, I mean, to all the things that just going into a kitchen in 1950 with all those appliances that none of them existed. People, I mean, they didn't have larger machines. They didn't have dishwasher. All that stuff was here in 1950. The only real difference between 1950 and now is we have cell phones and we have personal computers. But other than that, we don't have, it's not that much different as far as life. The improvement in life. And if you figure that we're working a lot harder and we have a lot less to show for it. So, you know, we could be so much richer than we are. If we had maintained that trajectory. Like I like to, I used to watch this show called the Jetsons when I was a kid in 1960s. And so when they wrote this, when they wrote the 60s, they made this a Hanabar bearer made the cartoon. They just assumed that life would continue to evolve the way it did. So in the future, George Jetson, who is the husband, right, Judy is wife, she doesn't have a job. And George only works two days a week, right, for like four hours a day. And he like, I was like, oh, these two day work weeks are killing me. I pushed the button like eight times, you know, like, like, you know, work, people are working less, right. People are enjoying more leisure and more freedom because we've continued to advance our technology and make capital investments that free up labor so that people don't have to work as much. That is the idea. That is the goal of society. I mean, it's not a goal that anybody is orchestrating on their own. But ultimately, what capitalism does is it replaces labor with machines so that all of us don't have to work as hard and we can have more leisure. We can have we can we can do the things in life that we enjoy, not the stuff that we have to do because we can produce more. And we get more goods, we get more services with less human effort going into it. And then everybody benefits from the abundance of goods that are produced goods and services. But you know, what's happening now is we're not we're not doing that. We're trying to figure out how we don't want we want to make sure that we're all working hard. I mean, that is not what people want. People don't want to work hard. They want to work as little as possible and have as much as possible. And that free markets ultimately do that. And we were moving in that direction. I mean, that's what got that's why women stopped working. You know, once upon a time women had to work. So did men. You know, children used to have to work. The reason that children stop working isn't because of child labor laws. No, it's because that their parents or their father was able to become more productive based on the gains in production. The gains in productivity from the free market that the kids didn't have to work anymore. That's what happened. You know, that's why you still have child labor in some countries. It's not because their parents are mean. It's because it's the only way they could feed them. So Peter, if you let's say because I think we would both agree that we don't have a lot of faith in the government shrinking. Then that's what it would take. Right. It would take government having to shrink. And that's probably not going to happen based off of what we've seen for the last few decades for sure. So if there was somebody during this time who was a little more prudent and saved $100,000 and they're not freaking out right now, how would you advise them to invest knowing what you know and what you probably predict is going to happen with government. That's a great question because what I'm getting from you is save your money, but I'm also getting from you. Money is going to be worthless. So what do you do? What do you do? You got a hundred grand? Do you want to invest? Yeah, actually, absolutely because the key to economic growth is savings. Savings is what provides the capital for businesses to expand and invest in the equipment and create the jobs that deliverance prosperity. But what the government is doing is destroying savings. And so the economy is going to implode when you have a war on savings. And you know, government shrinking is yes, it's extremely important because that's the only way out of a recession is to reduce the burden that government places on an economy by cutting spending. And so if the government really wanted to help they would make itself smaller by cutting spending and reducing regulations so that the economy would be better able to get us out of this mess by freeing up resources back to the private sector that would be able to be used productively. But none of that is going to happen. So what you have to understand is if you are in the minority of people who actually did do it right, right, you have savings. You are going to be taxed through inflation to bail out all the people who have debt and don't have savings. That is what happens. So when the government prints up all this money and sends it to the unemployed and sends it to businesses. Where is the purchasing power coming from it's being taken from the people who already have money right so the government has two ways of taxing you the legitimate way is by actually taking your money in taxes like you have $100 and the government says we're going to take 30 and we're going to use it to spend on on stuff right so you had 100 the government takes 30 you got 70 left. Well what if the government doesn't take the 30 they just print money and spend it will now your $100 feels like $70 because prices have gone up to the point where you you've lost 30% of your purchasing power. So there's no free lunch the government is going to get you one way or the other and so the way they're taxing everybody the way they're taxing the prudent to bail out the reckless is through inflation. And the good news though is that the inflation tax is avoidable at least for now right it's not illegal you can get rid of your dollars that are about to depreciate and convert them into something else right you can buy gold and as the dollar goes down and value the price of gold will go up so instead of having you know a thousand dollars of gold you know you now end up with $15 hundred or 2000 so you can afford to buy gold. The higher prices so the government's not taxing the people who own gold because they're not printing gold they're only taxing the people who have dollars. you