Of Two Minds

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.