Can Old Government Catch up to the New Economy?

The key division in American politics and economics right now isn’t between liberals and conservatives, says Michael Lind. It’s between Hamiltonians and Jeffersonians. What does this division mean now, what is its history, and how did America’s economy get into the current mess? Lind, a public intellectual, co-founder of the New America Foundation, and author of Land of Promise: An Economic History of the United States, tries to answer these questions.