
The Unwinding

Sam had handed Ryan his checkbook and told him to buy office space and as much worker housing as fast as possible without worrying about the cost. No man was ever so good at not worrying about the cost as Ryan. In a matter of weeks, he had snapped up between $250 and $300 million in real estate, including $153 million worth of condos in an expensiv
... See moreMichael Lewis • Going Infinite: The Rise and Fall of a New Tycoon
The new economic crisis flows from the very success of the Reagan cycle, which generated a great deal of wealth but distributed it in the end, as it did in the beginning, with a focus on increasing money for investment. But as with all cycles, the problem solved in the current cycle generates the problem to solve in the next. The social problem tha
... See moreGeorge Friedman • The Storm Before the Calm: America's Discord, the Coming Crisis of the 2020s, and the Triumph Beyond
One answer is a federal government that operates on the principles of decentralized and agile management described before.
George Friedman • The Storm Before the Calm: America's Discord, the Coming Crisis of the 2020s, and the Triumph Beyond
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
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