No author, it's a 45 page informational guide into Reaganomics. I just thought it was crazy when I was also reading Peter Schiff's book: The Real Crash. It seems like both of their ideas are so similar and anyone who knows Peter Schiff.. Knows allllll about Peter Schiff's rants.
A 45 page pamphlet with no author? And you admonishing someone to do real research? You found it unbiased? How did you fact check it? On a web site with no author? You really don't know the difference between serious history, economic policy and a political slogan. I'll cite you some legitimate books when I'm not on my I phone.
and really Mcfadden, you say the author was a supporter of Reagan and then you say that there is no author? Do you have any grasp of how incoherent you are in your own voice?
"Reagonomics" is a media term. I believe it was coined by Paul Harvey. It's often associated with another media term, "trickle down economics". These are both perjorative characterizations used to discredit the policies associated. Neither describes an economic policy; its political sloganeering. It is like calling inflation policy or micro management leadership style, "Carternomics", or saying calling a policy of floating currency, "Nixonomics." The term does not tell you much and it is not a coherent description of a policy. Granted the word is used by those who defend Reagans legacy and those who do not, but the idea that you read a study guide on the subject, like it is a coherent subject of policy is nonsense that the study guide publishers themselves do not understand which should tell you something about the quality of their 'guide.' Having said that you can explore the issue with the folllowing real books from people who know something about what they are talking about. I have read each of these books myself. Lawrance Lindsey, "The Growth Experiment: How the new Tax Policy is Transforming the U.S. Economy," 1990. Larry was a Keynesian Harvard professor when he wrote this book...it represents a sort of conversion on his part, but he never really abandon's his demand side paradigm in his analysis then and even today in his private conssulting work. William Niskanen, "Reaganomics: An Insider's account of the policies," 1988. Niskanen was a member of Reagons council of economic advisors. At least here you can get a first hand account of the what the policies were and not some half boiled perjourative account filtered through medial and political bias. Robert Bartly, "The Seven Fat Years," 1992. Bartley, who died in 2003, was the Editor of the WSJ, which was involved in promoting all the ideas that became associated with the Reagan Administration. Book shows how most of these ideas came from outside the administration. Brian Domitrovic, "Econoclasts," 2009. This is the best account of the economic policy that has been associated with Reagan. It shows that most of this policy came from outside the Reagan administration and through Congress. Reagan's main inside advisors were monetarists and in the case of Bush I, the VP, Keynesians. These books would be a good start if you want to do some real research.
Apologies for going a bit off-topic, but since there seem to be a handful of knowledgeable people on the thread, here goes. Being a citizen of a "strong" Eurozone member state, and, needless to say, sick and tired of paying for others' past spending binges, I have recently been reading popular science books on Austrian school economics with great interest. I now have Schiff's latest, "The Real Crash, on my desk. The basic message is the same as in his previous books, although he now elaborates more on what he considers the best policies going forward. He is one of the most pro-free-market authors I have come across - and in my opinion he builds a very convincing case for himself indeed... ... which is why I'm curious: To get a balanced view, could anybody point me to a book presenting an opposing (Keynesian) view supporting the most recent policies? I recall Krugman writing something back in 2009, but I'm looking for a more recent treatment, if possible. Thanks.
Krugmans new book which he is promting is "End This Depression Now" I' heard the lecture, the only idea in it is more government spending financed by higher taxes. I too am looking for a good book to read I can buy on kindle.(I'm not even that particular,as long as it's a good one.)
got a good one for me? I'm particularly interested in the dollar. Unfortunately, most books are written by gold bugs. Speaking of Reagan, I made a lot of money in Swiss Francs when he boldly said, "The dollar must go down!" Trading is easy when you have the President on your side.
Sorry, not really. You may want to take a glimpse at "Keynes Hayek: The Clash that Defined Modern Economics". Being history-focused, it does not provide an account of the crisis we're going through right now. But I think it provides a rather decent comparison of the two opposing ideologies. Further, it is an interesting read for those who think Keynes was a flaming red socialist (including myself). Hah! Good one. Z