6figurelenins

Naturally, that calls into question the incredibly low interest rates, and the reserve currency status.

If you need to blame Trump, the last straw was COVID.

> At incredibly low interest rates, most investments are positive ROI.

Step 1: Hold short term rates at zero, forever Step 2: ??? Step 3: Profit Step 4: Wow, that's a lot of debt

An everyday experiment is sticking your flat hand out the window of a moving car. With slight wrist rotations, you'll find even slight deviations from neutral (parallel to the ground) cause your "wing" to rise or fall, with a force that seems proportional to the angle.

We can hypothesize that a symmetric wing, with zero angle of attack, should experience no lift:

A directory hierarchy feels more pleasant when it maps to features, instead. Less clutter.

Most programmers do not care about OO design, but "connascence" has some persuasive arguments.

I can stipulate there must be essential complexity. I think we have to dispute any suggestion that this hypothetically-essential complexity has grown at the same rate as the spending[1].

It's not obvious that fairness, charity, national defense, public health, postage stamps, corn ethanol... [or air traffic control (cough), clean water (cough), non-derailing trains (cough), levees (cough)]..., ad infinitum should require a static percentage of the economy. Essential or not, those costs fundamentally cannot continue to outpace real GDP growth.

Rather, it seems obvious to me that the political class has scope-creeped "governance" into spending as an end in itself.

Practically, and morally, the government is too big and complex, and it should be drastically smaller and simpler.

Grandparent said "collapse," which is what Jenga towers do.

Here's the era, in two charts: