The Book Bench: Why I Signed the Occupy Writers Petition : The New Yorker My Keynesian hunch about the current economic troubles is that when wealth is too much concentrated in the hands of people who don’t need to spend it, it stops circulating. I suspect that America spent its way out of the structurally similar Great Depression of the nineteen-thirties through a campaign of wealth redistribution that lasted decades—the government hired soldiers, gave college educations to veterans, granted pensions to senior citizens, and went to war on poverty—and that the transfer laid the groundwork for… Read More