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: populism
America’s Modern Character: Paranoid Loser
"[Columbia professor Adam Tooze, writer of the definitive forensic analysis of the 2008 financial crisis in Crashed: How a Decade of Financial Crises Changed the World,] does not buy the line that America is roaring back at the head of a resurgent West, even if the autocracies have suffered a crushing reverse over recent months. … Continue reading America’s Modern Character: Paranoid Loser
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