Rhetoric that spawns class warfare may feel cathartic, but it doesn’t help anyone. I’m concerned that it makes the less fortunate more resentful, and also causes those most capable of creating jobs to pull back. So I was surprised at the tone
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We know that some jobs are never coming back to the United States. For example, simple items of clothing are made more cheaply in Guatemala and Vietnam than in the US. Most customers don’t walk into Walmart asking for “Made in the
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Even if you have a great boat, it can get swamped in a storm. If you have a properly financed house, through no fault of your own, it too can get swamped in a financial storm. That is why you have a
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In college we learned that the 1929 crash did not lead to the Great Depression. It was the policy mistakes in the aftermath of the crash that led to economic disaster. Surely, such mistakes would never be repeated. Such analysis does not
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My father ran for governor in 1973 on a platform of honesty in government, and New Jersey state government was pretty much scandal-free during his eight years in office. What accounts for the differences between now and then? I can point to
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The sign at Princeton Junction, one of New Jersey’s biggest train stations, says it all: “Attention, this is a minimal service Amtrak location.” Even though we are the most densely populated state in the nation, Amtrak does its best to ignore us
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Let’s see if I’ve got this right. Our state income tax dollars are devoted primarily to education to assure that kids in poorer districts have the same chance to succeed as kids in wealthier districts. Ideally, that means that some urban kids
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