jumps out at me that I strongly disagree with. I particularly agree with: "I’m a libertarian. If someone wants to do leveraged buyouts, more power to them. If they want to have a brothel, let them run a brothel. But it doesn’t mean that public policy ought to be biased dramatically to encourage one kind of business arrangement over another. And right now public policy and taxes and free money from the Fed are encouraging way too much debt, way too much speculation and not enough productive real investment and growth."

He's just basically saying that we need to get a grip on reality, and producing "bubbles" whether it is a dot-com, housing, student loan or any other bubble, and printing phoney money, and keeping unrealistic social safety-net expectations keep us from doing so.

However, the real problem is much deeper.  Too many people and not enough resources and work for them to do. Everyone I knew, in our first computer course, saw the writing on the wall, particularly when we were told that using computers in our work would make it so that we could do much more work and do it faster, thus leading to much more leisure time to more fully enjoy life. Well, we all knew what that meant. That we'd be doing much more work, and being required to work many more hours. And, we knew we'd better jump on the wagon and learn computers if we didn't want to get left behind in the job market. What I see now, with all the people I know, are those who work about 1.5 to 2 x longer than our parents did, or those who don't have employment or who are under-employed. Why? Because consumerism is just another "bubble."