This month I'm doing something different.
Most issues of The Puck are about what's happening in the credit markets, the venture world, or the wider machinery of restructuring. This one is about something I've been working on quietly for the better part of two years — a book — and the moment has come to share an excerpt.
The working title is The Long Postponement: Debt, Democracy, and the Bill That Always Comes Due. I’d like you, Puck Newsletter readers, to be the first to read it. You’ve heard me circle these themes for a while. Enjoy!