06:02:00 +07:00 How This All Happened - Author Morgan Housel writes a very readable piece, both visually and content-wise, about the history that happened to the US economy since the end of World War II. From the uncertainty in the GIs returning, to the boom that followed because of low interest rates and cheap credit, raising most out of poverty and creating a somewhat equal society, through a crash, then another boom where this time there was a big divergence between rich and the rest. Crucially though, the 'mostly equal' expectation persisted for a long time, causing many to take on too much debt. Then another worse crash, and now the expectation has finaly shifted to many folks generally thinking society is no longer working for them. There's lots more detail, and graphs and period magazine covers, and it's just basically a very informative piece that doesn't get too bogged down. IMO worth the read. # collabfund.com