Free Republic

Americans are some of the most mobile people on Earth: They move homes about three times more often than ­Europeans. As a recent report shows, that mobility is a problem for New York’s rising socialist movement. A new Citizens Budget Committee report found that New York’s share of millionaires, those earning more than a million dollars a year, declined more than any other state since 2010. The state went from having 12.7% of all millionaires in the nation to 8.7%. Worse yet, in the more recent years, the state’s highest earners have been leaving much faster than its lowest earners....

For those who lived through the Great Depression, the strangeness of it was hard to convey. The nation had suffered no great natural disaster. The farmers were still farming, and the factories were still standing. Yet there lay rotting food that people couldn’t afford to buy and empty factories next to shanty towns filled with the unemployed. In 1932 Franklin Delano Roosevelt won the presidency with the promise to restore prosperity. But he and his advisers had no clear explanation for the collapse and his subsequent New Deal would amount to a series of experiments. FDR admitted to the nation...