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All three pillars propping up workforce spending are cracking. Plan accordingly.

I think of Bill whenever the breeze brings his chimes to life.

This is proof-positive we’re not just poorer now than we were 40 years ago, we’re much, much poorer.

The lifestyle of a stable New Gilded Age is out of stock.

The hope here is that facing the reality of moral collapse frees us of the delusion that fiddling with technocratic financial abstractions and policy tweaks can reverse moral collapse.

The top 10% are the dog sipping a drink as the cafe burns down, saying “this is fine.”

What renders everything phony, BS, inauthentic, is that everything important is cloaked to hide the deeply artificial nature of the entire setup.

There is no way to cut federal spending without reconfiguring the economy from the ground up, starting with healthcare.

And so we end up back in MovieLand, where we vicariously experience having powers we do not possess in real life.

The indicators of breakdown and collapse are all around us, but we don’t dare name them because then they’d become a problem we can’t bury.

Every product now has an “extended warranty” admission of the collapse of quality and durability.

The system has reached extremes that can no longer be rebalanced by policy tweaks, borrowing another couple trillion dollars or inflating asset bubbles.

The seeds of social revolution have been sown and sprouted. What we harvest is up to us.

No one is going to finger extreme wealth inequality as the proximate cause of what’s going down in the next decade, but that doesn’t mean it isn’t the tectonic cause.

Looming over the entire reformist enterprise are the costs and risks posed by debt.

The soaring costs of home ownership are changing the metrics of unaffordability in important ways.

To reverse the damage wrought by financialization, we must reverse financialization.

The limits of governmental power to solve the problems created by expanding governmental power are rising globally.

The illusion created by the initial success of central planning is that it can continue indefinitely, when the reality is it’s unavoidably self-liquidating as the distortions unravel the entire economy.