“This is the #GreatEntertainment, the period after the #GreatModeration. We are no longer in a world defined by alliances and mutual agreement. Instead we are rapidly entering a time of #instability and #uncertainty, driven by the appearance of success (not success itself) on #TV”

5/11 The "Great Moderation" from 1983-2007 seemed to vindicate market economics. Just two mild recessions, unemployment never hit 8%, low inflation.

About 70% of Americans felt satisfied with the country's direction during peak years.
#GreatModeration