Word: bartleys
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AUTHOR: ROBERT L. BARTLEY...
...1980S WERE THE WORST OF times for critics of that debt-propelled decade, they were the best of times for Wall Street Journal editor Robert Bartley. From his pulpit at the head of the Journal's editorial page, Bartley preached the gospel of tax cuts and deregulation that became known as Reaganomics and hurled anathemas at heretics who argued that the government had a positive role to play in the U.S. economy. While Bartley's polemics sometimes clashed with facts reported in the Journal's news columns, which were full of tales of greed and corruption in the executive suite...
...Seven Fat Years, Bartley calls for a return to the policies that, he says, made the '80s a glorious epoch. Packed with statistics and sometimes eye-glazing arguments, the book tells how Bartley and such fellow supply- siders as economist Arthur Laffer and journalist Jude Wanniski cooked up the recipe for Reaganomics over meals at a Wall Street watering hole called Michael 1. The basic ingredients were tax cuts and a monetary policy capable of producing low and stable interest rates. "As 1982 drew to a merciful close," Bartley writes, "both sides of the Michael 1 prescription were finally coming...
What those wondrous years wrought, as Bartley tells it, was the unprecedented creation of 18 million new jobs and a rekindling of the American spirit. The decade saw unfettered entrepreneurs create a revolution in communication that turned personal computers, fax machines and cable TV into home and office staples. At the same time, venture capital boomed and new stock and bond offerings blossomed. Bartley even applauds changes that took place in America's eating habits. "Frozen yogurt became a diet staple," he enthuses, "with estimated sales increasing 300% between...
...shepherd's pies at Mr. and Mrs. Bartley's would more aptly be called beef stew pies--filled with chunks of meat instead of ground beef. At Quincy Market, Kitchens of the Bay State serves gravy-less pies. And the "pie" I bought at a sandwich shop in Kennebunkport, Maine was all smooshed together with peasin a styrofoam cup. Alas...