FP Passport reminds us a bit about what was happening in the world the last time the stock market was this low. I have a pretty good frame of reference for that time: I just turned 19, I was finishing high school and started university in 1997. One big difference between then and now is how we use computers. [...]
prosperity
I see a controversy on the horizon. It might not seem realistic now, but it could turn into one of those things where, by the time it actually presents itself, it’s too late to do anything about it and your opinion doesn’t even matter (like Wall Street excesses generating the financial crisis). So I’m speculating a [...]
Just as there are benefits of appreciating our economic situation in terms of a long-run historical perspective, it’s also wise to appreciate our economic situation as just one aspect of our whole political situation. I’ve been thinking about this in light of recent events and reading parts of Tony Judt’s latest book, Reappraisals: Reflections on the Forgotten [...]
