“Do you think the US is on the precipice of a sudden and quick flip to another economic model?”

Not really. I think we just had a group called the “millenials” which remained single (and therefore had the luxury of staying irresponsible) for longer than any generation in history pushing the “socialist/social democrat” models.

They have now (finally) started to form households. Which is generally referred to as being “mugged by reality”; everyone takes one step to the right when this happens, historically.

And quite right, any *rapid* change in models, in a developed economy, would probably cause a decade-long severe recession/recovery cycle substantially worse than the 10year period we just ended.

Written by

Data Driven Econophile. Muslim, USA born. Been “woke” 2x: 1st, when I realized the world isn’t fair; 2nd, when I realized the “woke” people are full of shit.

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store