Since the financial crisis of 2008, more and more Americans have concluded that the American system needs fundamental realignment. He may not have sought transformation, but transformation found him. I worry there’s a great historical amnesia going on — that we’re overlearning the lessons of the financial crisis and forgetting the lessons of all the other economic downturns. I worry we’re unwittingly committing ourselves to decades of higher taxes down the line that will sap American dynamism. Follow The New York Times Opinion section on Facebook, Twitter (@NYTopinion) and Instagram.

Source: International New York Times March 25, 2021 22:52 UTC