Indiana "risk averse," says historianHistorians in the News
INDIANAPOLIS — Gov. Mitch Daniels sits in his grand cave of a Renaissance Revival office and reviews Indiana’s economic fortunes, his self-effacing manner not entirely disguising satisfaction. The state’s pension funds are relatively healthy, the unemployment rate is dropping slowly and per capita income is ticking up, slowly....
Indiana’s history shapes its response to economic crisis. It experienced a vast speculative financial collapse in the 19th century, known as the Failure. In 1851, in the angry aftermath, its leaders were among the first in the nation to enact a balanced-budget requirement.
The state’s DNA has remained conservative and cautious ever since.
“Indiana is risk averse; it’s in the soil and the air,” said James H. Madison, a history professor at Indiana University Bloomington. “You add that to a moderate political orientation, and liberal welfare legislation is not highly regarded.”...
comments powered by Disqus
- Obama May Create Monument to Gay Rights Movement
- China to release last prisoner jailed over Tiananmen Square protests
- Marine Corps investigating photo of iconic flag-raising on Iwo Jima
- Scholars Blast New Study Tracing Ashkenazi Jews to Khazars of Ancient Turkey
- Legendary Explorer’s Long-Lost Ship May Have Been Found Off Rhode Island
- The Historian Whitewashing Ukraine’s Past
- Andrew Roberts wins $250,000 prize from the conservative Bradley Foundation
- Daniel Aaron, Critic and Historian Who Pioneered American Studies, Dies at 103
- Liz Covart's amazingly popular podcast helps her audience understand early American history
- Justus Rosenberg is still teaching at age 95