The great money binge: spending our way to socialism

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Average Rating
Publisher:
Tantor Audio,
Pub. Date:
2009.
Edition:
Library ed.
Language:
English
Description
Prestigious newspaper editor George Melloan, who worked for the Wall Street Journal for more than half a century, is no stranger to the wild ups and downs of the American and world economies. Using detailed examples from the Crash of 1929 and from the Carter era, this brilliantly argued book explains how government intervention actually prevents the economy from recovering its natural balance. Unless lawmakers realize the true importance of using supply-side economics in our current crisis, warns Melloan, nothing will save us from a new era of disastrous inflation and widespread global depression. Citing the importance of historical example, Melloan explains how the world of economics was completely changed in the 1930s under the influence of English economist John Maynard Keynes. His theories advocating government interventionist policies were wholeheartedly adopted as a response to the Great Depression and remained unquestioned until the "supply-side revolution" of 1980, after the stagflation of the 1970s showed the inherent weaknesses of neo-Keynesian economics. By employing what is sometimes called "Reaganomics," President Ronald Reagan and his economic advisers sparked a quarter century of unparalleled prosperity. Unfortunately, as Melloan demonstrates, government policy soon began to revert to Keynesian theories, even though they are widely misunderstood and misapplied. Now, with the Crash of 2008, our new president and government appear committed to ignoring the lessons of the past. With multibillion-dollar "stimulus packages" becoming the norm, and a multitrillion-dollar national debt that will keep growing so long as present policies are continued, America can look forward to a very grim future indeed. There is only one solution: we must return to our eroded supply-side principles. In the face of general misunderstanding, Melloan outlines a lucid and detailed explanation of exactly why we are currently sinking so rapidly, how this crisis compares to similar situations in the past, and exactly what must be done to return the United States to the economic vitality it enjoyed not so long ago.
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ISBN:
9781400144679
9781400114672
9781400194674
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Grouping Information

Grouped Work ID c56d45bd-e990-199f-535c-48eafe354745
Grouping Title great money binge spending our way to socialism
Grouping Author melloan george
Grouping Category book
Last Grouping Update 2019-01-22 04:01:12AM
Last Indexed 2019-04-25 04:27:00AM

Solr Details

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accelerated_reader_point_value 0
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auth_author2 Heller, Johnny.
author Melloan, George, 1927-
author2-role Heller, Johnny., Heller, Johnny.|Narrator, Tantor Media., hoopla digital.
author_display Melloan, George
available_at_longmont Longmont Public Library
detailed_location_longmont Longmont Adult Nonfiction Compact Disc
display_description Prestigious newspaper editor George Melloan, who worked for the Wall Street Journal for more than half a century, is no stranger to the wild ups and downs of the American and world economies. Using detailed examples from the Crash of 1929 and from the Carter era, this brilliantly argued book explains how government intervention actually prevents the economy from recovering its natural balance. Unless lawmakers realize the true importance of using supply-side economics in our current crisis, warns Melloan, nothing will save us from a new era of disastrous inflation and widespread global depression.Citing the importance of historical example, Melloan explains how the world of economics was completely changed in the 1930s under the influence of English economist John Maynard Keynes. His theories advocating government interventionist policies were wholeheartedly adopted as a response to the Great Depression and remained unquestioned until the "supply-side revolution" of 1980, after the stagflation of the 1970s showed the inherent weaknesses of neo-Keynesian economics. By employing what is sometimes called "Reaganomics," President Ronald Reagan and his economic advisers sparked a quarter century of unparalleled prosperity. Unfortunately, as Melloan demonstrates, government policy soon began to revert to Keynesian theories, even though they are widely misunderstood and misapplied.Now, with the Crash of 2008, our new president and government appear committed to ignoring the lessons of the past. With multibillion-dollar "stimulus packages" becoming the norm, and a multitrillion-dollar national debt that will keep growing so long as present policies are continued, America can look forward to a very grim future indeed.There is only one solution: we must return to our eroded supply-side principles. In the face of general misunderstanding, Melloan outlines a lucid and detailed explanation of exactly why we are currently sinking so rapidly, how this crisis compares to similar situations in the past, and exactly what must be done to return the United States to the economic vitality it enjoyed not so long ago.
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ils:.b24129331 .i30563756 On Shelf On Shelf false true true false false true 128, 1, 129, 2, 3, 131, 4, 132, 5, 133, 6, 7, 135, 8, 136, 9, 10, 11, 12, 13, 17, 18, 19, 20, 34, 35, 36, 37, 38, 39, 40, 41, 42, 43, 45, 46, 67, 68, 69, 70, 71, 72, 73, 74, 75, 76, 77, 80, 81, 82, 84, 85, 86, 92, 93, 95, 96, 97, 98, 99, 100, 105, 106, 108, 109, 110, 111, 112, 114, 115, 116, 117, 118, 119, 125, 126, 127
subject_facet Economic development, Economic development -- United States, Monetary policy, Monetary policy -- United States, United States -- Economic policy -- 2001-2009
title_display The great money binge : spending our way to socialism
title_full The great money binge : spending our way to socialism [electronic resource] Melloan, George, 1927-, The great money binge [compact disc] : [spending our way to socialism] / George Melloan ; with an introduction by Amity Shlaes
title_short The great money binge :
title_sub spending our way to socialism
topic_facet Economic development, Economic policy, Monetary policy