Mahatma Gandhi is credited with first saying:
- First they ignore you: People pay no attention to your ideas.
- Then they ridicule you: Critics laugh at your attempts to explain those ideas.
- Then they fight you: Opponents actively push back or argue once the idea gains traction. They can get very angry at the possibility that you might force them to change their world view.
- Then you win: Your viewpoint is accepted or proven correct, and everyone denies ever disagreeing with it. Your role is forgotten.
I have had a lot of people fighting me over modern monetary theory, bonds and related issues this week.
I must be winning.
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You ARE winning Richard – you have changed the way thousands and thousands of people think. Keep up the good, no great, work. It’s an ultra marathon journey – however you don’t need me to tell you that.