It is fun, smart, and well written.
The most surprisingly honest sentence so far (page 156):the conservative revolution that Reagan helped usher in gained traction because Reagan's central insight--that the liberal welfare state had grown complacent and overly bureaucratic, with Democratic policy makers more obsessed with slicing the economic pie than with growing the pie--contained a good deal of truth.The sloppiest sentence so far (page 146):Over the past decade, we've seen...hefty corporate profits, but a shrinking share of those profits going to workers.I am pretty sure that the share of profits going to workers has been stable--at zero. Profits are what owners get to keep after workers have been paid.
Saturday, February 23, 2008
The Audacity of Hope
Greg Mankiw reads Barack Obama's The Audacity of Hope. He seems to like it: