Many posts have discussed economic and educational inequality. The effects of inequality reach many corners of American life.
Bruce Mehlman finds some parallels between the 1920s and the 2020s:
Irrational exuberance about the promise of new innovations & investments powered a post-pandemic decade with exploding wealth, large tax cuts and a speculation bubble that juiced growth and grew income gaps. 2020’s: Irrational exuberance about the economic promise of new innovations & investments are powering a post-pandemic decade explosion of wealth, with tax cuts, fiscal stimulus (and speculation bubbles?) juicing growth and growing income gaps.
Whoever borrowed the adjective "roaring" for the decade of the 1920s didn't mean to say that the decade was serenely prosperous, but that it was wild, nerve-wracking, and dangerous, like the far south seas below Australia. 3/x
— David Frum (@davidfrum) May 22, 2021