The human capital of most macroeconomists, heavily invested in demand management, was wiped out by the policy failures of the 1970s.

The U.S. is ruled by private interest groups and by the neoconservative ideology that history has chosen the U.S. as the 'exceptional and indispensable' country with the right and responsibility to impose its will on the world.

Under Reagan's policies, inflation and nominal GNP growth shriveled much faster than predicted, throwing off government revenue estimates and resulting in budget deficits.

Paul Craig Roberts Quotes