Elizabeth Warren’s Chance

“Worse yet, the number of bankrupt families was climbing. In the early 1980s, when my partners and I first started collecting data, the number of families annually filing for bankruptcy topped a quarter of a million. True, a recession had hobbled the nation’s economy and squeezed a lot of families, but as the 1980s wore on and the economy recovered, the number of bankruptcies unexpectedly doubled. Suddenly, there was a lot of talk about how Americans had lost their sense of right and wrong, how people were buying piles of stuff they didn’t actually need and then running away when the bills came due.”

Those sentences are from Senator Elizabeth Warren’s new memoir, “A Fighting Chance.” It is full of insights into a brilliant woman. She strikes us as smarter, more earnest, better balanced, and less entitled than Secretary Clinton, against whom some reckon she should make an attempt for the Democratic presidential nomination in 2016. Her book makes us wonder whether at some point she could be enlisted in the long struggle for monetary reform.

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