Word: bartleys
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...addition to its new Ross Perot burger, Bartley's also has an extensive menu of alternative dishes ranging from baked chicken to hummus. All this comes at a price, however: expect to pay $10 for a drink, entree...
...find the best hamburger in the Square, trek to Mr. and Mrs. Bartley's Burger Cottage on Mass. Ave. There, undergraduates, Cantabrigians and tenured professors alike have gathered for thirty years amidst the hum of sizzling grease and noisy neighbors...
...problem with this panegyric is all the lumpy and inconvenient facts, such as the crumbling U.S. infrastructure and the declining competitiveness of American corporations, that Bartley tries to dismiss. Did the budget deficit swell menacingly in the '80s, for example? No problem! Japan and Germany had lots of red ink too, and "advanced" economists doubt that deficits even matter. Did the plight of the poor worsen? Not really, Bartley argues. The data for low-income households overstate the extent of poverty by counting many retired people -- who often own their own homes and have plenty of capital -- along with college...
...Bartley applies no such reductive reasoning to the numbers that buttress his arguments. He takes the explosion of new jobs at face value, for example, without pointing out that many paid so little that only the growth of two- income households kept the average family's inflation-adjusted earnings from falling behind...
...Bartley's main error is his narrow focus on a few pet theories and prescriptions and the inevitable special pleading this entails. "The moral of the Seven Fat Years is that economic growth counts," he writes. But the rising tide of '80s-style growth failed to lift all boats as advertised: the rich got bigger yachts, the middle class foundered, and many of the poor went under. The task for the 1990s will be to move beyond the excesses and inequities of the debt decade rather than strive to return to a Golden Age that never existed...