Rebecca Patterson's recent New York Times essay uses a Jenga tower as a metaphor for the American economy in 2025. Blocks are being removed—small businesses cutting jobs, federal layoffs, consumption concentrating among the wealthy—while AI companies pile massive investments on top. Eventually, she warns, Jenga towers fall down. She's right about the instability. But the … Continue reading When the Tower Can’t Be Rebuilt: What Institutional Economics Misses About the Next Decade
Tag: economy
Thinking Different About This Rigged Game
040204-N-3122S-004 Davis-Monthan Air Force Base, Tucson, Ariz. (Feb.4, 2004) Ð An aerial image of the Aerospace Maintenance and Regeneration Center (AMARC) located on the Davis-Monthan Air Force Base in Tucson, Ariz. AMARC is responsible for the storage and maintaining of aircraft for future redeployment, parts, or proper disposal following retirement by the military. U.S. Navy … Continue reading Thinking Different About This Rigged Game
Knowledge of the Future
"...there are (a) facts, (b) informed extrapolations from analogies to other viruses and (c) opinion or speculation....if you’re experiencing something that has never been seen before, you simply can’t say you know how it’ll turn out....There’s no algorithm for deciding whether to favor life for a few (or for thousands) versus economic improvement for millions."-Howard … Continue reading Knowledge of the Future
How the Economic Machine Works by Ray Dalio
The New Consumer
"Be cautious about investing in sharing economy models that do not directly address the evolving needs of workers. We are in the middle of the Fourth Industrial Revolution, the digital revolution, which has resulted in a redefinition of work. The transition will likely continue to disrupt industries and investors should take heed."—Paula Campbell Roberts, "The … Continue reading The New Consumer
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