- Well Structured
In this insightful study of postwar economic orthodoxy, journalist Binyamin Appelbaum tells how economists Milton Friedman, Arthur Laffer and other free market proponents captured the imaginations of Ronald Reagan, Margaret Thatcher and other world leaders. The results today, Appelbaum writes, are lower taxes for the wealthy and falling incomes for everyone else. He explains why, for example, air travel now is cheap yet miserable, and why laid-off workers in the American Rust Belt will never again earn the incomes they enjoyed before their factories closed.
About the Author
Binyamin Appelbaum is an editorial writer for The New York Times on business and economics. He previously was a Washington correspondent for the newspaper and a reporter for the Charlotte Observer.