How Did It Come to This?

Surely somewhere in the collapse of retailer American Apparel there is a metaphor appropriate for the policy platform put forth by Donald Trump. The President talks about bringing jobs back to the United States and renegotiating the North American Free Trade Agreement. Ironically, with AA, we see the demise of an iconic, hip “Made in…

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Perpetual Prosperity Psychology and the Housing Bubble

Something about the housing bubble narrative bugs me: Conspiracy. Evil bankers conspired to bilk Americans by financing home loans to people who could never pay, to then repackage bad mortgages as good investment products. While I lauded Matt Taibbi news analyses in 2010 and 2013 for exposing financial institution malfeasance, the blame game always seemed to ignore one other…

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