Two Books to Understand the Economy
If you want to understand the economic events of the last half century, you should read two new books. One is Robert Samuelson's The Great Inflation and Its Aftermath: The Past and Future of American Affluence, which explains how the abstract economic theories of Keynesian economists produced not the promised eternal economic growth but the longest sustained peacetime inflation in American history, rising to 14 percent in the times of Jimmy Carter. The other is David Smick's The World Is Curved: Hidden Dangers to the Global Economy, which explains how the abstract mathematical models of financial wizards produced not the promised eternal self-sustaining economic growth but rather a nontransparent financial system, which led to the coagulation of credit and our current financial crisis. Both show how abstract theories proved faulty in practice; both recommend similar common-sense responses: intelligently regulated transparent markets.
- Click here to read more by Michael Barone.
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Link Problem
The link to the second book above takes you to the first book.
Hermann Mann of FL
Touche'
Michael Barone's comment that the Clinton's are trash is much too mild.
In fact, one of this nation's greatest Presidents would have called the Clinton's exactly what they are and that is the LOWEST OF THE LOW.
President Truman made the statement when asked why he never joined corporate boards or gave speeches for money after leaving the White House: An elected official that uses his / her service to the country to enrich himself / herself is both UNETHICAL and IMMORAL.
Had Bill Clinton NOT occupied the Oval Office would any person have paid to read his books or to hear him give speeches? Would anyone have paid to read a book by this former President's wife?
Anyone with any honesty whatsoever knows the answer is NO.
Bill and Hillary Clinton are akin to what one sees in the bottom of the toilet bowl after having a bowel movement.
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