Nobody in America under the age of 70 has never, ever seen truly hard times. Most under 70 have never even heard stories from their parents about hard times (their parents had never experienced hard times). Ever since World War II Americans have sipped at a punch bowl that was a mixture of borrowing, greed, impatience, debt and inflation. I believe we are now on the path to once again see really hard times, times that force us to think about our current dire situation.
For years America was the shining beacon that allowed the world to see what freedom and free speech and wealth and democracy were all about. — America was the dream-land, the ideal. In the years since WWII, that has changed. America is now seen as the meddling, fat, money hungry, war-loving immoral land where you can do what ever you want, and if you have a good lawyer you can get away with it.