If We Measured the Economy by Quality-of-Life Instead of GDP, We’d Be In a Depression
That Gross Domestic Product (GDP) is an outdated and misleading metric of the economy is widely accepted. The problem isn’t an abstraction, as we…
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The Year When Everything Happens in No Particular Order
2025 may go down as The Year When Everything Happened in No Particular Order, tracking William Gibson’s famous line that “The future is already…
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For Many, This Recession Will Feel Like a Depression
We’re often told this time it’s different, and this time, it’s true–but not in the way those issuing the claim expect. I’m often dismissed…
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The True Meaning of Stoicism
Today, “stoicism” means weathering adversity without complaint. There is much more to the philosophy of stoicism than that. In its entirety, stoicism is a…
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Look Out Below
The stock market is always looking past “bad news” to front-run “good news.” Once it became clear that the Titanic was indeed going to…
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Crunch Time for Cities, Counties and States
It gives me no joy to address problems without easy solutions, but the sooner we face what’s already visible ahead, the higher the probability…
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The Golden Age of Spectacle
We’re living in the golden age of Spectacle: whatever substance remains in politics is lost in the endless parade of outlandish political theater, finance…
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Will AI Crash the Economy?
As we all know, the problem with euphoria is the inevitable collision with reality and the resulting disillusionment. But wait–it gets worse. The new…
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Price Doesn’t Reflect Value, and We’re Paying a Steep Price for Confusing the Two
Price and Value–now there’s a twisted tale. We’ve been trained to compare price and buy the lower priced option as the better value, but…
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Right-Sizing Ingenuity
We’re in a peculiar state globally. Locked in the mindset that economic growth is necessary lest the system implodes, we’ve persuaded ourselves that growth…