I would like to make some personal remarks today. It may surprise you when I say this, but it is true at this late date that I still find the stuff I write about—the Human Condition—almost impossible to believe. As I've reported this stuff these last five years, and as the evidence became more and more overwhelmimg that human beings are very fucked up indeed, I've thought oh, c'mon, how can this be? For most of my life I knew things were bad, but, really, this bad? Give me a break!
Let me give you an example I've written about frequently, especially lately. Two economists, one from Princeton and the other from the University of Chicago—my alma mater—have started a blog called House of Debt. Well, good for them!
Their post today was called The Most Important Economic Chart. I have published a version of this chart maybe a dozen times, most recently in I Do Not Make This Shit Up. (And see the follow-up Knowing When Someone Is Blowing Smoke Up Your Ass.) And I agree with them, it is a very important chart.