Of Two Minds

This is why denormalization is an extinction event for much of our high-cost, high-complexity, heavily regulated economy.A collapse of major chunks of the economy is widely viewed as “impossible” because the federal government can borrow and spend unli…

Here’s what denormalization means: there was no “New Normal” for the dinosaurs.Everyone talks about the “New Normal,” as if there’s a guarantee that life will return to normal. But the “New Normal” is De-Normalization, which I defin…

Two simple regulations would drive a stake through Wall Street’s corrupt, evil heart.While the corporate media is focused on the presidential election, perhaps the more interesting question is: could Wall Street Lose the election? That is, could W…

A fully financialized, totally debt and speculation-dependent economy is terminal once leverage and debt stop expanding exponentially.We all know the movie scene in which the character is wounded but dismisses it as no big deal, and then lurches into t…

The reliance on “good news” narratives dooms our financial system and economy to a death spiral once reality breaks through the induced euphoria.”Markets” that never go down aren’t markets, they’re signaling mechanisms of the Powers That Be. Marke…

We have three basic ways to counter the destructive consequences of stress.We have all experienced the disorientation and “brain freeze” that stress triggers. The pandemic and the responses to the pandemic have been continuous sources of stress, i…