From Publishers Weekly
After nearly 20 years of predicting economic disaster, Batra (Greenspan's Fraud
, etc.) suggests a reversal, though only after we rise up in revolution against the forces of chaos. This time, he charges politicians, academics, business executives and rich people with "corruption," defined as "any policy that enriches the rich and impoverishes the poor and the middle class." Among the practices Batra censures are raising congressional pay but not the minimum wage, and cutting income taxes while increasing Social Security taxes. Though the analysis is keen and provocative and the conclusions unorthodox as ever, his specific economic predictions aren't likely to be any better than those in his 11 previous books. Though he admits that "three or four" of his previous predictions "have been wrong," and "the cycle of depression has misfired," he gives no specifics. His examples of successful predictions sidestep his previous books, citing anecdotes from unrecorded private conversations. Some readers might wish Batra would stick to analysis and exposition, at which he excels, and leave off the name-calling and the wild predictions that mar this effort. (Feb.)
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"The analysis is keen and provocative, and the conclusions unorthodox as ever."
"Dr. Batra vividly portrays the way in which public disgust for corruption, both corporate and federal, is becoming a serious force for political change."
--Dr. W. Curtiss Priest, Director, Center for Information, Technology, & Society, MIT
Praise for Greenspan's Fraud:
"The most thoroughgoing assault on the Maestro's legacy so far."--Cecil Johnson, Fort Worth Star-Telegram
"As always, his economic arguments are expressed elegantly."--Publishers Weekly
"In this chilling exposé of one of the most powerful men of our time, Ravi Batra reveals Greenspan for who he secretly is: An ideologue who has waged war on the American Dream and imperiled the world economy."--David Callahan, author of The Cheating Culture: Why More Americans Are Doing Wrong to Get Ahead
Praise for Ravi Batra:
"When it comes to the bottom line so beloved of economists, one can learn a lot about events by thinking about them in cyclical regularities, of which Batra gives a novel and brilliant exposition."--Lester C. Thurow
"Ravi Batra has made an outstanding reputation in the United States as an international economic theorist in the best Western tradition."--Leonard Silk, New York Times