Remember all those “green shoots?” That was the ubiquitous phrase used by White House officials and TV talking heads in 2009 to describe how the U.S. economy was coming back to life after the 2008 global financial crisis. The problem was we did not get green shoots;...
There are only two ways to survive a decline in income and net worth: slash expenses or default on debt… In post-World War II America, the cultural zeitgeist viewed frugality as a choice: permanent economic growth and federal anti-poverty...