[sfblah]

Personally I think those are also symptoms. In my opinion, the cause is:

1. Easy money for far, far, far too long in the US and a complete political unwillingness to take any risk of a recession, no matter the long-term cost required to stave it off. In my mind, this explains the rich-poor gap, the rise of crypto, insane valuations, house-price inflation, the weird delta between US and rest-of-world standard of living/salaries, and probably even the migration crisis.

[sbayg]

Easy money and cheap (foreign) labor are one and the same. Political parties that are not accountable for this are the upstream problem. In other words, it’s a failure of what we think of as our “democracy.” The will of the people doesn’t mean much when you can just swap out “the people” to get what you will.

[tim-tday]

Hey, I like easy money.