I never totally understood why Bruce Bartlett caught so much flack from his fellow conservatives for writing Imposter: How George W. Bush Bankrupted America and Betrayed the Reagan Legacy. It’s true that the book was harshly critical of George W. Bush and his policies, but it was critical from a very orthodox conservative point of view.
This new book, though, seems like the real deal in terms of apostasy. Instead of a subtitle complaining that modern conservatives have betrayed the Reagan Legacy, it’s got a subtitle suggesting that abandoning the Reagan Legacy would be a smart idea: The New American Economy: The Failure of Reaganomics and a New Way Forward Here’s a summary:
As a domestic policy advisor to Ronald Reagan, Bruce Bartlett was one of the originators of Reaganomics, the supply-side economic theory that conservatives have clung to for decades. In The Next Economics, Bartlett goes back to the economic roots that made Impostor a bestseller and abandons the conservative dogma in favor of a policy strongly based on what’s worked in the past. Marshalling compelling history and economics, he explains how economic theories that may be perfectly valid at one moment in time under one set of circumstances tend to lose validity over time because they are misapplied under different circumstances. Bartlett makes a compelling, historically-based case for large tax increases, once anathema to him and his economic allies. In The Next Economics, Bartlett seeks to clarify a compelling and way forward for the American economy.
Sounds interesting. I’m looking forward to it.