The Cleanup Crew: How Democrats Keep Inheriting America's Economic Crises

For over 40 years, Republican presidents have cut taxes for the wealthy, deregulated industries, and expanded military budgets, only for Democratic presidents to inherit the fallout.

Before the current cycle of boom, bust, and bailout took hold, American economic policy followed a remarkably stable and surprisingly bipartisan playbook.

From the depths of the Great Depression through the 1970s, both Democratic and Republican administrations operated within the bounds of Keynesian economics. Named for British economist John Maynard Key…