VDH. Don’t kid yourself–CA is in a pile of crap now (from which they won’t likely ever escape–people are already fleeing the state and for good reason). But the problem is systemic. There will be a separation of those who are willing to be prudent and those who aren’t, and each of us will have to choose the side we are on. For a long time one has been able (at least theoretically) to be prudent in an imprudent place. I’m not so sure that this will be the case forever.
Yet another great article by