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Date(s) - 05/18/19
1:00 pm - 2:00 pm

Politics and Prose Bookstore


In this groundbreaking analysis of recent decades of economic policy, Sternberg, editorial-page editor and European political-economy columnist for the Wall Street Journal’s European edition, frames his discussion within a generational rather than a class divide. This isn’t another story of the 99% and the 1%, but an argument about the boomers and the millennials. Sternberg shows first how the economic theories of the Baby Boomer generation made life harder for millennials, who struggle to match their parents’ standard of living. Then he traces in detail how the 2008 financial crisis and the response to it—especially in terms of monetary policy, fiscal policy, and regulation—favored the interests of boomers over millennials, compounding the younger generation’s already difficult situation by failing to invest in the future.