The Coming Collapse of the Middle Class Circa 2007

220px-Elizabeth_Warren_by_David_Shankbone

via Balloon Juice Professor Warren, in her capacity as a specialist in bankruptcy law, uses actual facts & statistics to back up her Cassandra predictions. Despite the Burkean vapors of Brooks & Doubthat, she pins the decline of the American middle class not to our moral decay and piggish consumerist …

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