Or we can let the bubble implode under its own weight and have a plan ready to clean house when the dust settles.
Thanks to recency bias, we tend to think the world has always been more or less as it is today. Tectonic shifts beneath the veneer of everyday life escape us unless we make a concerted effort to peel back the veneer of normalcy.
For example, consider the rise of finance as the dominant force in our socio-economic / political status quo. Statistics give us a rough picture of the dominance:
In 2023, the finance, insurance, real estate, rental, and leasing industry contributed 20.7% to the United States’ gross domestic product (GDP). This is higher than the long-term average of 7.29%.
In 1947, the finance industry made up only 10% of non-farm