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How This All Happened
The Great Stagnation: How America Ate All The Low-Hanging Fruit of Modern History, Got Sick, and Will (Eventually) Feel Better: A Penguin eSpecial from Dutton
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- Low interest rates and the intentional birth of the American consumer.
Morgan Housel • The Psychology of Money: Timeless lessons on wealth, greed, and happiness
What happened in America since the end of World War II is the story of the American consumer. It’s a story that helps explain why people think about money the way they do today.
Morgan Housel • The Psychology of Money: Timeless lessons on wealth, greed, and happiness
“What are all these GIs going to do after the war?” was now obvious. They were going to buy stuff, with money earned from their jobs making new stuff, helped by cheap borrowed money
Morgan Housel • The Psychology of Money: Timeless lessons on wealth, greed, and happiness
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Housel argues that expectations take a long time to change, and that people are still expecting to go back to the way things were in the 1950s, when working hard meant a good house, a good car, and social status. Trump leans into that, and Warren leans into that, but it’s a fairy tale. There’s no going back. In absolute terms, Housel points o... See more
Packy McCormick • Ownership and the American Dream
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Tailspin: The People and Forces Behind America's Fifty-Year Fall--and Those Fighting to Reverse It
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