Will Americans Continue to Accept Lower Standards of Living?

Excellent quote:

People get born into the world as it exists so the new ones don’t know how it used to be so to them tight living standards are normal. They don’t know that it used to be a much higher standard of living. And so it is entirely possible the entire population will accept this if it is gradual over time. If it is quick or sudden, they may revolt. We just don’t know how it will play out. — Paul Craig Roberts. Jump to 15:39