Democrats — the party of the professional class?

THIS ROCK-HARD, remote mountain redoubt, where generations of the brawny and the brave stripped the forests for timber and traveled deep into mines for coal, used to constitute an impregnable Democratic fortress. For 14 of the 17 elections since Franklin D. Roosevelt proclaimed his New Deal, Democrats won easy victories in presidential elections in this […]

More on the Economic Hardship of Young Adults

In the US, the cost of the aftermath of the crisis has fallen heavily on young people, mainly due to bad policy responses to the crisis that we’ve described at length as it was happening: the failure to restructure bad loans (particularly mortgages) and impose costs on banks and investors, not just homeowners; the refusal […]