Trends of an Era

Short post today; I saw this column in the New York Times and wanted to share a great quote:

the late 1960s and the 1970s should have moved a reasonable person to the right on economic policy, in response to rampant inflation, rising crime, sky-high top tax rates and breakdowns in Europe. The last 15 years — with “widening inequality, financial crisis, zero interest rates, rising gaps in life expectancy and opportunity,” as Summers notes — should move that same person to the left. Different eras require different solutions.