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1 of 2 people found the following review helpful:
Mr. Kaletsky has obviously spent a lot of time reporting on policy and economics. He knows what he writes about, and I have complete faith in his reporting of the facts. However, like many in the mainstream media, he should stick to the facts. Kaletsky makes it clear early in this tome that he is an acolyte of Keynesianism. All good is due to Keynes and all evil due to market fundamentalists.
I was hoping to learn more about how the pro-bailout advocates justified their positions. All I got was an op/ed repeated over, and over, and over.... This book will make you feel better if you are a Keynes fan, but won't move any minds in Milton Friedman's camp.
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1 of 1 people found the following review helpful:
Where some doom-sayers fret over our future, Florida is comfortable here dissecting the lessons of the past. His pithy pop-pundit style draws you in and makes it easy to visualize the comparison-contrast between our current economic situation and previous Panics and Depressions. His pithy pop-pundit style also leaves me wondering if there's that much more said than in the original magazine article. All in all, as with Florida's earlier efforts, this is a book I wish I had written.
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2 of 4 people found the following review helpful:
Kotkin is a glass-half-full kind of guy, a Clinton-esque New Democrat who delights in tweeking the conventional wisdom of Progressives and my fellow Land Use Planners. At the same time Kotkin sings the praises of America's suburban growth machine he re-light's Lady Liberty's invitation to immigrants far and near in an unbridled celebration of Creative Destruction.
My only reservation is Joel's writing style--short and pithy is good for his regular columns in Forbes, but can be a bit disjointed to follow an argument. Even so, he's sure to infuriate doomsayers left and right.
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