Abstract Badger

Don't Panic

There is no panic on 'main street'. The equation is simple as it was in the 1920's: The now very large percentage of have-not's have little to lose and the now very small percentage of have's have much to lose. The lesson of history is that populism only conquers capitalism during these extreme imbalances. Congress is getting the message that it is time to deflate, massively, and we'll work this out on the streets.