George Packer: The Unwinding: An Inner History of the New America.”

Anyone born around 1960 entered the world in the midst of America’s longest-running period of prosperity. This economic boom began after World War II, extending out for another 25 to 30 years and ended in 1973.

American economic cycles have always been characterized by boom and bust periods. Even during what some call “The Golden Age of Capitalism,” the time frame between 1945 and 1973, there were recessions during 1945, 1948, 1953, 1957, and 1960. There are a variety of explanations and theories about why these fluctuations occur. Continue reading →