He went on, "What constituency is there for pessimism? People believe optimism is necessary, an American right. The presumption of optimism is the problem. That's what creates the debt we have now." (As a well-regarded French investor said to me one day, "There is no spirit of resignation in the American people." Most of us would probably regard this as a virtue.)

from "the death of kings" by nick paumgarten, a long look into the financial collapse, in last week's new yorker.