The Debt-ridden American Dream

Fresh out of college and full of ideals, young Americans are finding that, in this economy, the American Dream comes at a steep cost. Just ask Michelle Holshue: At 30 years old, Holshue exemplifies a key tenet of the American dream: exceeding one’s parents’ education and income. Continue Reading...

The True Social Contract

Uncontrolled public debt threatens to rupture society, says Niall Ferguson, as the older generation thrives at the expense of the young. In his Reflections on the Revolution in France (1790), Edmund Burke wrote that the real social contract is not Jean-Jacques Rousseau’s contract between the sovereign and the people or “general will”, but the “partnership” between the generations. Continue Reading...