The former chairman of the Federal Reserve has three fundamental rules: stable prices, sound finance, and good government.
Bill Clinton was elected on an untenable premise: that it is the job of the President to manage the economy. Yes, that is what we have come to expect of Presidents; but this expectation, the author argues, is punishingly at variance with anything any President can credibly deliver
Its prophet is Joseph Schumpeter, and the signs of its times will be written in rising international production, falling interest rates, and propitious demographic patterns