It’s a truism now that money was an engulfing, distorting force of the boom years, particularly in New York. At the level of urban development, it skewed our economy; at the level of culture, it misshaped values; at the level of individual behavior, it corrupted habits and discolored thoughts: This is your brain on money.
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I was hoping the recession would come just in time to save what was left of non-vongliferized Manhattan, but I'm not thinking it may be too late, especially if the bailouts push it back a couple years.
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