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Confidence / complacency doesn’t map the real world, in which liquidity dries up and markets go bidless.

And that’s how totalitarian movements come to power: the citizens give up on the Establishment factions, as they’ve failed to solve the problems being exploited by extremist groups.

“Generosity” funded by debt or currency devaluation is the opposite of generosity: it is the ultimate taking.

If we’re in a re-make of ‘That 70s Show’, the plot twists–and twisters heading our way–may be far wilder than we can currently imagine.

Let us hope that whomever ascends to the leadership is a populist in the full sense of the word, channeling Emerson and his fellow critics of what we now call neoliberalism.

I hope we gain the wisdom that we need each other, not as enemies but as colleagues, not always in agreement but respectful nonetheless.

What is acceptable, and what is unacceptable? We’ll soon have to decide.

Imagine an institution whose ratchet was set to relentlessly reduce budget, staffing and processes while focusing on increasing output / results.

The key takeaway here is: don’t count on a simplistic ideology or reform or a “supreme leader” to save the status quo from internal failure.

“It’s all because of our low cost of living that I can feel relatively secure.”

Can a couple of hardworking people live well in America on $30,000 a year in earnings? Yes, if they’re willing to do what’s needed to make it happen.

That monkey on your back comes in many forms.

Perhaps the most apt metaphor to describe the decade ahead is that investors, consumers and taxpayers will all be rafting whitewater rapids with ever-briefer stretches of calm.

I think it’s more productive to go with Plan B: set aside our emotions and reluctance and start doing the hard work of dealing with polycrisis.

Your toxicity will fall to manageable levels as long as you keep spending money.

We’re told to stop being so darn negative even as the tsunami of inequality washes away the beach chairs of the bottom 90%.

What the cheerleaders are actually claiming is the process of adding zeroes to “money” is limitless, but there are limits on the utility of devaluing currency, too.

And that’s how democracy and a free economy die.