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The financial analysts gloating over the prospect of higher corporate profits resulting from firing workers overlook the collapse of customer satisfaction, productivity and leisure.

Part of why AI chatbots are so dreadful is we know the corporation / agency doesn’t care whether our problem gets resolved or not.

Policy errors have consequences, and we’re only in the first inning of those consequences.

What changed in the economy is now nobody can afford to get by on working-class wages because there’s no longer any bargains.

If Central Planning can’t expand its power, it expands its budget, at the expense of its programs.

What’s valuable is flexible, entrepreneurial, experiential-based skills that can be applied to a variety of problems–including those that have yet to arise.

One wonders what we’re paying for via taxes, products and services, when we end up having to do so much of the work ourselves for nothing.

Everything is presented as rock-solid until it falls apart.

The top 0.1% will weather a recession just fine, but that will offer cold comfort to the other 130 million American households.

Those who came of age after 1982 have never experienced a real recession, and so they’re unprepared for anything other than guarantees of rescue and permanent expansion.

The International City offers a hopeful, practical model for transforming the global economy by giving people a choice.

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The rot caused by easy money will only become fully visible when the hollowed out institutions start collapsing under the weight of incompetence, debt and hubris.

Make the U.S. attractive to labor and capital with low rates and a simple, fair tax system and the populace and economy will benefit.

The point is the good times of seemingly endless expansion are never permanent yet human regimes become accustomed to managing only expansion.

The top monkeys are doing very well indeed, while the troop is feeling that the Monkey Gods have signaled their displeasure with the failure of the top monkeys.

Balancing globalized trade and capital flows with domestic self-reliance and control of credit and capital is a positive development for everyone.