Artificial, aggressive and cheaply priced credit in a Ponzi like bubble chasing after real estate bred a ton of fraud and self dealing that in turn led to a collective delusion. Poets were the only ones not fooled.
"People who lie to themselves, and believe their own lies, becomes unable to recognize the truth, either in themselves or in anyone else.
And they end up losing respect for themselves and for others. When they have no respect, they can no longer love.
So they yield themselves up to their impulses, indulging in the lowest forms of pleasure, and behave in the end like a thing obsessed in satisfying their vices.
And it all comes from lying — to others and to yourself."
Fyodor Dostoevsky, The Brothers Karamazov
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