American capitalism has stopped delivering prosperity to most Americans—income and wealth growth has been very slow for most Americans, particularly those without a four-year college degree, over the last 40+ years.

The 1980s marked a turning point where income inequality, wealth inequality, and life expectancy trajectories shifted negatively—multiple measures of economic and social health began diverging from prior trends starting in the 1980s.

Wages have gone up in recent years and inflation has come down, so empirically the economy is performing better than people's sentiment suggests—but this mismatch reveals people are unhappy due to specific structural costs (housing and childcare) that have become unaffordable despite wage growth.

Rising housing prices benefit older Americans economically but harm younger Americans—this is a form of generational inequality where appreciation in home values transfers wealth from younger generations to older ones.

Americans have been unhappy about the economy for most of the 21st century, and this is not a new phenomenon.

Biden's struggles with younger voters are significantly due to the housing affordability crisis, which he has failed to substantively address despite young voters' strong preference for the student loan relief program.

Capitalism is the best system we have for lifting mass living standards and has a superior record compared to any other system.

United States life expectancy has declined relative to other wealthy nations—starting in the 1980s, US life expectancy began growing more slowly than every other rich country, and for the last 15 years, the US has had the worst life expectancy of any rich country.

A second Trump administration will likely be more damaging to international relationships because Trump has signaled he will not appoint the same types of people (like Hutchinson, Pompeo, and Mattis) whom he appointed the first time.

The debate last night was a turning point for Biden's campaign; his performance was substantially wounded and he may even be replaced.

High house prices are good for older Americans and bad for young people, representing a form of generational inequality where older homeowners benefit from rising prices while younger people are locked out.

Capitalism is the best system we have for lifting mass living standards and has a better record than any other system at raising living standards.

The United States had normal life expectancy for a high-income country in the 1980s, but starting then, U.S. life expectancy began growing more slowly than every other rich country, and for the last 15 years, the U.S. has had the worst life expectancy of any rich country—worse than South Korea, Japan, Western Europe, Canada, and Australia.

Income and wealth growth has been very slow for most Americans, particularly those without a four-year college degree, over the last 40+ years.

Americans have been unhappy about the economy for most of the 21st century—this is not a new phenomenon.