open.substack.com/pub/somethin...
open.substack.com/pub/somethin...
The underlying cause of every bubble - debt masquerading as financial innovation - depends on not just short financial memory & speculative neophytism, but reinventing jargon of finance, like how each generation of kids has new ways to say same things.
If I understand him right, he's saying "moral clarity it good" and the right has been utterly immoral so it might sound weird to criticize moral clarity. HOWEVER, because the left is bad [unspecified reasons], "moral clarity is an obstacle to insight." ???