The Great Money Binge: Spending Our Way to Socialism

More about the book

The book explores the shift away from supply-side economic principles following Ronald Reagan's presidency, highlighting George H.W. Bush's broken promise not to raise taxes. It critiques Bush's dismissal of supply-side economics, which had previously fostered a thriving entrepreneurial culture. The narrative continues into the 1990s, illustrating how the resurgence of Keynesian policies contributed to the credit bubble and subsequent economic downturn. The author, George Melloan, argues that these changes have had lasting impacts on America's economic landscape.