Immobility in America

It’s the end of the world as we knew it, and the rich feel fine. The rest of us? We’re stuck and stagnant, and can’t quite figure out whether we’re okay.

Tyler Cowen’s new book is a challenging read. It’s one of several important books in recent years — Charles Murray’s Coming Apart (2012) and Robert Putnam’s Our Kids (2015) also come to mind — that describe why America is not what it used to be and why, in general, this is a very bad thing.