Of Two Minds

If this is what passes for competence while we cheerlead “the Roaring 20s”, then our delusion has reached “what looks like a permanently high plateau.”

The best thing that could happen to America would be the destruction of its credit card and a deep, prolonged recession that emptied the punch bowl of phantom bubble wealth and the illusion of endless credit.

The prospect of a 60% or 80% decline in the NASDAQ index is only horrifying if we stay invested in the index all the way down.

If we add up all these tidal forces, the conclusion is self-evident: labor “inflation” has just shifted into second gear.

When predicting the future, we’re best served by following “what benefits the wealthy and powerful,” as that is the likeliest outcome.

We seem to have entered a world of anti-leisure and anti-productivity in which the unpaid “shadow work” demanded to keep all the complicated digital bits in motion obliterate our leisure and productivity.