Are slow growth, stagnant living standards, increasing poverty, the hollowing out of much US manufacturing, balance of payments and fiscal deficits, all inevitable? The author argues that entirely achievable changes in macroeconomic policy could transform the prospects for the US economy.

This work, while recognizing the many successes of the US economy, analyzes its well-known problems with a fresh new approach. Are slow growth, stagnant living standards for many, increasing poverty for those worst off, the hollowing out of much US manufacturing, balance of payments and fiscal deficits, all inevitable?. The author argues that they are not, and that entirely achievable changes in macroeconomic policy could transform the prospects for the US economy and for most American citizens.

Preface - Foreword - Introduction - The Historical Setting - The Monetarist Era - Economic Growth - Full Employment - Inflation and Living Standards - America's Soluble Problems - Bibliography - Index