The Predator State: How Conservatives Abandoned the Free Market and Why Liberals Should Too

摘要: For nearly three decades, Washington has been in the grip of an economic orthodoxy defined by Ronald Reagan and embraced ardently George W. Bush. It rests on four pillars: 1) Cut taxes wealthy, 2) Reduce regulation, 3) Fear inflation above all else, 4) Insist free-floating currency rates. Yet mainstream economists have spent much past decade examining results, declaring them rotten. Supply-side stimulation is a mirage. Deficits matter. Inequality matters. The disasters Latin America--bread riots Argentina, inflationary madness Brazil - Africa bankrupt governments capital flight were direct result Reagan-Bush agenda. James Galbraith fed up, determined to close gap between what know, politicians ignore. In plain English, Republican Party hijacked political leaders who long since stopped caring if reality conformed their message. exposes crumbling pillars one one, naming names pulling no punches. If you thought should vote for sake economy, think again. Here's "j'accuse" that Bush agenda richly deserves plan replace it.