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: The New York Times
Peter Thiel on the Middle Class
"One fairly minor quote [from the recent Ross Douthat interview of Peter Thiel] that's worth thinking about: "I would define the middle class as the people who expect their kids to do better than themselves." This is actually a great working definition: a dividing line between middle and lower class is the assumption that the … Continue reading Peter Thiel on the Middle Class
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