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
- ‘No Vacancies’ for Blacks: How Donald Trump Got His Start, and Was First Accused of Bias
- New Yorker profiles activist who's drawing attention to lynchings
- Wisconsin GOP senator wants to replace history professors with Ken Burns videos
- UT removes Confederate inscription that it previously said would stay
- The man behind the Smithsonian’s new African-American history museum
- Some Ohio University professors ditch the textbooks, and the prices
- Renowned Israeli Holocaust Historian: ‘If I Were a British Jew, I’d Be Worried’
- Heather Ann Thompson pries loose the long-kept secrets of Attica in her new book
- Lonnie Bunch remembers his first day on the job as director of the new black history museum
- Speaker Ryan loves pseudo-historian David Barton