Category: State of the Economy

The Real Legacy of the 1970s

In most histories of how Americans became so polarized, the Great Inflation of the 1970s is given short shrift. But inflation was as pivotal a factor in our national crackup as Vietnam and Watergate. New York Times

Chilling Davos: A Bleak Warning on Global Division and Debt

In a letter, written by Seth A. Klarman, a billionaire investor known for his sober and meticulous analysis of the investing world, a huge red flag about global social tensions, rising debt levels and receding American leadership is set. (New York Times)