The American Middle Class as Victim
Elizabeth Warren’s moralistic tales don’t help create effective economic policies.
Senator Elizabeth Warren, foundering in the Democratic primary, is returning to the theme that made her famous: her moralizing account of personal bankruptcy.
As an academic, Warren did research on personal bankruptcy in the United States. “Our research ended up showing that most of these families weren’t reckless or irresponsible,” she writes, “they were just getting squeezed by an economy that forced them to take on more debt and more risk to cling to their place in America’s middle class.”...