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Peddling Prosperity: Economic Sense and Nonsense in an Age of Diminished Expectations

Descriere: This wonderfully received book finds him in top form, observing the years he's dubbed "the age of diminished expectations." The past twenty years have been an era of economic disappointment in the United States. They have also been a time of intense economic debate, as rival ideologies contend for policy influence. But strange things have happened to economic ideas on their way to power: they've been hijacked by policy entrepreneurs--economic snake-oil salesmen, right or left, who offer easy answers to hard problems. Supply-siders rose to power with Ronald Reagan and not only cured nothing but left behind a $3 trillion debt. Krugman finds an unhappy parallel in those who shape policy within the Clinton administration.

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Autori: Paul Krugman | Editura: W. W. Norton & Company | Anul aparitiei: 1995 | ISBN: 9780393312928 | Numar de pagini: 320 | Categorie: Business  

  

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6,An award-winning economic journalist on why the US dollar is positioned to maintain global primacy--and what that means for America and the world "Magisterial."--Edward Chancellor, Reuters Prophecies that the dollar will lose its status as the world's dominant currency have echoed for decades--and are increasing in volume. Cryptocurrency enthusiasts claim that Bitcoin or other blockchain-based monetary units will replace the dollar. Foreign policy hawks warn that China's renminbi poses a lethal threat to the greenback. And sound money zealots predict that mounting US debt and inflation will surely erode the dollar's value to the point of irrelevancy. Contra the doomsayers, Paul Blustein shows that the dollar's standing atop the world's currency pyramid is impregnable, barring catastrophic policy missteps by the US government. Recounting how the United States has wielded the dollar to impose devastating sanctions against adversaries, Blustein explains that although targets such as Russia have found ways to limit the damage, Washington's financial weaponry will retain potency long into the future. His message, however, is that America must not be complacent about the dollar; the ...

  
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