Why do you think they changed the bankruptcy laws in the '90s? Because people were walking away.

Trapping them pushed off the banking crisis to 2008 that would have been a continuation of the DotCom collapse, and it's why the government had no choice but to bail out the banks: because the people who owed all of that money had no way to pay and no way to walk. (They all hate Elizabeth Warren because reinstating bankruptcy fairness was on the top of her list.)

It's happening again now, but the one thing they aren't talking about is how car prices doubled for the working stiffs in a world dominated by the automobile. Price-gouging auto dealers and their partners the banks were taking it all in and then speculating on bullshit "housing developments" that were being bought by speculating retirement funds.

The actual work of the human economy is not expanding, but the prices are.

The next few years are filling up fast with "rebuilding" all of the flimsy stuff that is getting blown away by tornadoes, and the insurance and re-insurance sectors are getting pretty nervous about how long they can keep putting their costs off onto federal emergency funds without anyone paying taxes.

It's OK. I don't eat breakfast most of the time anyway.