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How This All Happened
During the current cycle, a great deal of money was made that flowed to the class that used it for investing rather than consumption. That was the intent, and it worked, producing even more wealth. That money needs to be invested. However, as the decline in start-ups shows, it has become harder to find places to invest.
George Friedman • The Storm Before the Calm: America's Discord, the Coming Crisis of the 2020s, and the Triumph Beyond
Naked Economics: Undressing the Dismal Science (Fully Revised and Updated)
Charles Wheelan • 1 highlight
amazon.com
An uncanny economy has emerged in which a secure, middle-class lifestyle receded for many, but the material trappings of middle-class success became affordable to most. In the 1960s, it was possible to attend a four-year college debt-free but impossible to purchase a flat-screen television. By the 2020s, the reality was close to the reverse.
Derek Thompson • Abundance: THE INSTANT NEW YORK TIMES BESTSELLER: How We Build a Better Future
The financial crisis of 2008, and the Great Recession that followed, had a similar effect on the home front. The guilty parties were elites—bankers, traders, regulators, and policymakers. Alan Greenspan, the Federal Reserve chairman and an Ayn Rand fan, admitted that the crisis undermined his faith in the narrative of Free America. But those who di
... See moreGeorge Packer • Last Best Hope: America in Crisis and Renewal
