economic decline/help

jones/bhandari djones at uclink.berkeley.edu
Wed Oct 25 04:00:02 MDT 1995


I am reading the former finance editor of Business Week Jeffrey Madrick's
The End of Affluence: The Causes and Consequences of America's Economic
Dilemma--a short, non-specialist overview of the US economy.  I will make
some comments on it for the list in a few days.

However, Madrick makes an interesting claim, and I am wondering whether he
is right about this.

"For all itts ups and downs, [the post- WWII boom] produced the fastest,
broadest-based economic growth and rising living standards a major economy
has ever seen.  There is not one  forecast on record that suggested it
might not last." (p.35) Is this true?

Thanks for the help.

Rakesh



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