And we're off! Chapter One... "The conventional wisdom on the state of the economy--that the financial crisis that started in 2008 was caused by bad real estate loans and that eventually, when the kinks are worked out, the nation will be back to business as usual--is tragically wrong. Our real situation is far more unsettling, our problems have much deeper roots, and an adequate response will require far more from us than just waiting for the business cycle to come back around to the "growth" setting. In reality, our economic system is set for a dramatic, and for all practical purposes permanent, reset to a much lower level of function. Civilization is about to be downsized." Dramatic!
You heard about the Farmer’s cow that tried to jump the barb-wired fence? It was an udder disaster.