The economic world before the Great Recession and the world ten years hence are similar-looking — but in many ways fundamentally different — places. And if one is looking for places where that shift can be seen most acutely, it’s the consumer’s relationship to credit...
The world is full of once-brilliant innovations that — despite having been supplanted by an even better innovation — continue to have devotees who insist the 1.0 version was actually superior: Writers who prefer the feel of a typewriter to a computer. Music aficionados who swear that...
No one knows who exactly first said, “if you can’t beat ’em, join ’em.” So far as the finest minds on the subject can gather, the original phrasing was “if you can’t lick ’em, join ’em,” and it was first used in the 1940’s by...
August 18, 2017
The economic world before the Great Recession and the world ten years hence are similar-looking — but in many ways fundamentally different — places. And if one is looking for places where that shift can be seen most acutely, it’s the consumer’s relationship to credit and household debt. “There was a huge deleveraging after the […]
