Nixon's Economy: Booms, Busts, Dollars, and Votes

Book Description

#Though Richard Nixon came to office preoccupied with foreign policy, he soon had to grapple with an economy that threatened him with political defeat. Following the advice of Milton Friedman, the president placed his initial hopes for good times in the economics of caution. But when the economy dipped into recession and cost the Republicans victory in the congressional election of 1970, Nixon turned for rescue not to his economists, but to a politician, the former Democratic governor of Texas, John Connally, who became secretary of the Treasury midway through the first term.

"I can play it round, I can play it flat, just tell me how to play it," Connally liked to say. Together, Connally and Nixon set out to save Nixon's presidency by any means necessary. In a televised speech on August 15, 1971, Nixon stunned the world and reversed his political fortunes by announcing a series of measures that contradicted everything he was supposed to believe in--wage and price controls, abandonment of the international gold standard, depreciation of the dollar, and deficit spending. "This will put the Democrats in a hell of a spot, this whole speech," the president exulted. He was right. The economy took off in 1972. Nixon took the credit. And his reelection by a landslide was assured.

Historian Allen J. Matusow now presents the first comprehensive history of Nixon's political economy. He depicts a president who disliked the subject but was forced to pay attention or lose his dream of effecting a historic realignment of the political parties in America. The study derives its authority from extensive archival research in Nixon's presidential papers, including notes by Haldeman and Ehrlichman of crucial conversations in the Oval Office. Matusow shows the poverty of contemporary economic theory, Nixon's willingness to sacrifice the world economy for his domestic political purposes, and his desperate attempts to find something, anything, that might work. Lurching from one set of policies to another, Matusow argues, Nixon achieved only illusory successes that ultimately brought on a decade of economic disaster.

Nixon's Economy will contribute significantly to the emerging reinterpretation of a pivotal presidency. For scholars of the era, the book will be required reading. For students and general readers, it will help explain in lucid prose the politics and economics of our own time. Narrative history that tells a good story, this book will reveal yet another Nixon, while offering a compelling case history of how politicians shape and sometimes misshape the performance of the American economy.

Customer Reviews:

Breakthrough history of Nixon's Machiavellian economics.......2000-03-30

Over the last decade or so, there has been a substantial rethinking of the Nixon presidency.... Until the appearance of Allen Matusow's new book, however, Nixon's economic policies had not received a similar reassessment. In a very readable and well researched exploration of Nixon's economics, Matusow makes a compelling case that Nixon held no principled position whatsoever and that his economic policies were overtly and explicitly driven by his attempts to create a new electoral majority.... The Nixon presidency, as seen through Matusow's account, becomes an excellent case study in public-choice economics and the failures of interventionism.Three major strengths of Matusow's book deserve special mention. First, he has made extensive use of archival materials that were inaccessible until recently. By using the presidential office files, Bob Haldeman's extensive notes, and the various books and recollections of Nixon's associates, he has assembled a large amount of material from a variety of sources to document various meetings and discussions in great detail. The result is a very ugly view of the politicization of economic policy that puts one in mind of the old saw about not wanting to know how sausages or laws are made....A second strength of the book, of special interest to economists, is Matusow's careful documentation of the role played by well-known economists in the Nixon administration. Arthur Burns, Herbert Stein, Paul McCracken, Milton Friedman, and others all have starring roles in the drama. Except Friedman, none of them presents an appealing picture. Matusow extensively documents the ways in which Nixon's economic advisors were quick to sacrifice principles, particularly free-market principles, for political expediency.... Matusow makes extensive use of Friedman's Newsweek columns to illustrate the ways in which Nixon's policies did not correspond with the Friedman's free-market, monetarist line....The book's third strength is Matusow's use of economics. In more than three hundred pages of analysis of Nixon's economics, I found very few places where Matusow made an obvious error of theory or history.... But in most cases he handles the economics nicely, especially in his discussions of inflation, where he keeps the behavior of the money supply always at the forefront, and the energy crisis, where he does a fine job of documenting the various government interventions that precipitated the crisis and the horrendous policy mistakes that exacerbated it.... Matusow deserves particular praise for his discussion of Bretton Woods and the gold window, in which he deals with some complicated issues in international monetary economics and does a good job of rendering them comprehensible....Matusow has carefully and cogently documented Nixon's use of the instruments of power in pursuit of his own political goals and illuminated the disastrous results (double-digit inflation and the worst recession since the 1930s, not to mention a legacy of interventionism that has continued to the present) that Nixon's economics engendered. Matusow's book, though not couched in such terms, is an excellent case study in public-choice economics and is recommended to students of public choice and recent U.S. economic history.

An excellent history -- well written.......2000-02-08

This book fills a big gaping hole in economic history. There are probably hundreds of books on Nixon and Vietnam, China, and Watergate. But very few exist on his other policies, including his economic policies. This is especially strange considering that his Administration presided over the final destruction of the gold standard, first sustained budget deficits, and the beginning of the Great Recession of 1970s.

Thus, this book is extremely useful. Almost month-by-month it describes the swinging pendulum of booms and busts that resulted from Nixon's economic mismanagement and the world economy's response to it. This is a very thorough work, meticulously documented. The author carefully documents endless cases of sacrifice of economic policies to blatantly short-term political goals.

It's also a good narrative, it weaves all the facts and explanation together, and it's organized very well. I found it very easy to read and understand it. It sheds much light on the economic causes of all those strange events of the 1970s. It's also a great companion to a more general history of USA during those years.

Nixon's Economy: Booms, Busts, Dollars, and Votes.(Review) (book reviews) : An article from: Presidential Studies Quarterly

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Nixon's Economy: Booms, Busts, Dollars, and Votes.(Review) (book reviews) : An article from: Presidential Studies Quarterly
Jeffrey E. Cohen
Manufacturer: Center for the Study of the Presidency
ProductGroup: Book
Binding: Digital

General | Politics | Nonfiction | Subjects | Books

Book Description

This digital document is an article from Presidential Studies Quarterly, published by Center for the Study of the Presidency on September 1, 1999. The length of the article is 817 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

Citation Details
Title: Nixon's Economy: Booms, Busts, Dollars, and Votes.(Review) (book reviews)
Author: Jeffrey E. Cohen
Publication: Presidential Studies Quarterly (Refereed)
Date: September 1, 1999
Publisher: Center for the Study of the Presidency
Volume: 29 Issue: 3 Page: 739

Article Type: Book Review

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Nixon's Economy: Booms, Busts, Dollars, and Votes.(Review) : An article from: Independent Review

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Nixon's Economy: Booms, Busts, Dollars, and Votes.(Review) : An article from: Independent Review
Steven Horwitz
Manufacturer: Independent Institute
ProductGroup: Book
Binding: Digital

General | Politics | Nonfiction | Subjects | Books

Book Description

This digital document is an article from Independent Review, published by Independent Institute on March 22, 1999. The length of the article is 1639 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

Citation Details
Title: Nixon's Economy: Booms, Busts, Dollars, and Votes.(Review)
Author: Steven Horwitz
Publication: Independent Review (Refereed)
Date: March 22, 1999
Publisher: Independent Institute
Volume: 3 Issue: 4 Page: 612(1)

Article Type: Book Review

Distributed by Thomson Gale

Nixon's Economy: Booms, Busts, Dollars, and Votes

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Nixon's Economy: Booms, Busts, Dollars, and Votes
Allen J. Matusow
Manufacturer: NY
ProductGroup: Book
Binding: Hardcover
ASIN: B000MUCAYW

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Business Communications

Outstanding book

A must listen

The title of this book is misleading IMHO.

Excellent for technically trainged people among others.

The Anatomy of Persuasion: How to Persuade Others to : Act on Your Ideas, Accept Your Proposals, Buy Your Products or Services, Hire You, Promote You and More!
Norbert Aubuchon
Manufacturer: AMACOM/American Management Association
ProductGroup: Book
Binding: Paperback

Communications | Skills | Business & Investing | Subjects | Books
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ASIN: 0814479529

Amazon.com

In business and out, the ability to convince others to adopt a specific point of view is almost always a precursor to success. Norbert Aubuchon, a former DuPont executive who now teaches motivational techniques in seminars and workshops, outlines his basic methodology in The Anatomy of Persuasion. Through case studies, practice assignments, and a look at some common roadblocks, he shows how to deal with both routine situations and the inevitable surprises that regularly arise in the workplace.

Book Description

Some people seem to be able to talk anybody into anything! Do they simply possess a natural talent that the rest of us can never hope to imitate?

This refreshing books says "No!" and provides readers with a unique, proven, step-by-step analytical thinking process that anyone can use to analyze, organize, and present information in a persuasive way.

The Anatomy of Persuasion literally dissects each step in the persuasion process. Readers will turn their great ideas into tangible realities as they learn how to:

** apply the two major principles of communication
** perceive the needs of others
** present the features and benefits of their idea
** understand the subconscious decisions people often make
** create a logical, error-free proposal (oral or written) that will
win the day.

Customer Reviews:

Business Communications.......2007-06-25

It is certain that this book has enough gusto to put your thoughts and fingers to work.

To the novice or expert you will discover that this book fosters logical thinking.

Outstanding book.......2005-10-18

the book is great. It gives step by step instructions to better presentation. Material can be used in every day life very effectively. I recommend every one to read this.

A must listen.......2001-08-30

Persuassion was an art that has been put to more productive usage.
The author will define and train us gain that skill - he has invoked that inert,once dormant art - you will no longer be the same - no more anger, but with the will to PERSUADE

The title of this book is misleading IMHO........2001-07-24

"Anatomy" suggests an anotomical analysis of something. This book talks about "process", not essence.

If you are an analytical thinker, you will hate this book. If you are somebody who can be easily programmed, then you will love it.

The first 20 pages reads like a conversation with a typical salesman. -blah blah good! -blah blah blah good!

I was expecting a clear evaluation of the linguistic nuances of social persuation, and/or guidance for evaluating the "mark" (sort of speak), to help me assess the effectiveness of a pitch.

That is NOT what this book is.

They talk about "thinking process". Well. It may be a process. The other part...?

Excellent for technically trainged people among others........1999-09-29

I am an engineer, and I have to sell my services. Getting buy-in for my engineering projects was not one of my strong suits until I read Aubuchon's book. I learned an analytical-thinking approach to my proposals. Much to my surprise the techniques presented actually work for me. My scientific background didn't help me much when it came to getting business, but this book did. I recommend it anyone who wants to add commercial success to his or her lives.

Book Description

Running a bed & breakfast or country inn is the kind of business that appeals to men and women seeking to escape the corporate treadmill or to build a rewarding retirement business.

The author of this book, Lisa Rogak, provides information on how to select the best location, zoning, permits and licenses, the reality of living with guests in your home, behind the scenes at a B&B, and deciding whether to hire staff.

Customer Reviews:

"Wake up and 'Brew' the Coffee" and all else you have to do........2001-01-18

A friend of mine lent me his copy of this book so I could get a better idea of what it takes to own and run a B&B. It is quite a romantic notion to own a B&B when you stay in one. When you read this book you will find that there is a lot behind the scenes including tons of laundry. Have you thought about how to cook for 12 people at once? How about handling slow times like off-season? Should you buy an existing B&B or create your own within your current home. This books helps with these questions and more, plus profiles of existing B&B's and lots of resources for B&B owners. Excellent guide!

Book Description

A business/reference book that shatters the myths about how people are really hired. The only book youll ever need - cover letters, resumes, interviewing and negotiating. The Perfect Cover Letter. The Damn Good Resume, and Sweaty Palms rolled into one.

Customer Reviews:

Great new job hunting/resume book!.......2001-07-26

This is a very complete book as it covers everything involved in a job search from researching companies though the interview process and negotiating offers. This book gives insightful information into today's job market and how companies review resumes. There are even sample dialogues that are very helpful when doing research on companies as well as for following up after sending your resume. I would highly recommend this book to anyone who is undergoing a job search.

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She's selling her filing system

I Hate Filing: Everything You Need to Get Organized for Success and Sanity at Home, on the Run and in the Office
Sharon Mann
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Does your inbox over-flow'eth? Let's face itmost of us don't like filing, and we really don't like rethinking our organizational methods (or lack there of). Most of us are stuck in a rut, be it a constantly messy desk, a workspace that always feels too cramped and cluttered or a persistent queasiness when faced with organizing an event at work, running an efficient home office or even sorting the mail, let alone our dresser drawers. Filing, it seems, is a metaphor for all the little things we dont want to bother with. Finally there's someone we can count on! Sharon Mann is a fun-loving but practical figure for those swamped by work and life. Known for her informative wisdom and sassy sense of humor, her I Hate Filing Club has thousands of members who look to her to take organization past the drab, boring details, giving this so-called chore some sparkle and pizzazz.

Customer Reviews:

She's selling her filing system.......2007-01-22

Ho hum advice, always geared toward having you buy new supplies of her product.

Why Do I Need You to Love Me in Order to Like Myself: How to Stop Your Need for Approval from Destroying Your Relationship and Your Life

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Why Do I Need You to Love Me in Order to Like Myself: How to Stop Your Need for Approval from Destroying Your Relationship and Your Life
Barry, Ph.D. Lubetkin , and Elena Oumano
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Why Do I Feel This Way: What Every Woman Needs To Know About Depression

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Best layman's Book on Depression
Very informative and helpful

Why Do I Feel This Way: What Every Woman Needs To Know About Depression
Brenda Poinsett
Manufacturer: Navpress Publishing Group
ProductGroup: Book
Binding: Paperback

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What's Wrong With Me?

It is estimated that one in four women suffers from a serious depression at some point in her life and that one in three women between the ages of 18 and 24 is significantly depressed. There is help available.

Why Do I Feel This Way? shows you how to access thet help you need to overcome depression. You'll learn:

1) Why more women than men get depressed
2) Specific ways to help prevent future depression
3) What medications and treatment options are available
4) How to draw upon spiritual resources for healing
5) Ways to counsel others who are depressed

If you're been looking for something more than long volumes of technical information about depression, Why Do I Feel This Way? offers a unique, compassionate perspective on this all-too-common problem from a woman who has been there. It will help you understand what you're feeling and take positive steps to overcome depression.

Customer Reviews:

Best layman's Book on Depression.......2004-04-13

This non-medical book about depression is highly researched, informative, and well written. It explains why women more than men suffer depression, why it is difficult to
recognize/diagnosis, different treatments, and management techniques. I appreciated the author's candor and insight. This valuable book is definately worth the small price.
-Brenda Nixon,
author of Parenting Power in the Early Years

Very informative and helpful.......2000-06-06

I read this book, and finally understood the biological reasons and emotional reasons for my depression. If you are wondering, "why do I feel this way?" Read this book!! Have your mother, sister, or friend read this book. They will also understand why you're feeling the way you are.

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I Don't Need Therapy But...: Where Do I Turn for Answers

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I Don't Need Therapy But...: Where Do I Turn for Answers
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Great reference...teaches you a lot to make college life easy!

Study Skills: Do I Really Need This Stuff?
Steve Piscitelli , and Steve V. Piscitelli
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Applicable to any workplace, this book focuses on the skills needed to learn and retain information. Written in a user-friendly manner, it gives a straightforward presentation of basic study skills using examples, real-work case studies, and success pointers. Organized into easily readable “modules,” this book covers challenges, learning styles, goal setting, time management, basic writing tips, memory, and preparation. For anyone employed in a workplace where information needs to be gathered, studied, retained, and effectively utilized.

Customer Reviews:

Great reference...teaches you a lot to make college life easy!.......2007-01-19

I was aprehensive about how boring this class and this book would be prior to the start of last semester. I found a lot of interesting ways to study and take notes that has proven to be very helpful in my studies. I went from a 3.25 to a 3.78 GPA because of the way this book helps you break down the impossible to plain understandable english!

What licenses do I need when starting out? (Small Business Help Line).(business licenses for new firms): An article from: San Diego Business Journal

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What licenses do I need when starting out? (Small Business Help Line).(business licenses for new firms): An article from: San Diego Business Journal

Manufacturer: CBJ, L.P.
ProductGroup: Book
Binding: Digital

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Book Description

This digital document is an article from San Diego Business Journal, published by CBJ, L.P. on February 17, 2003. The length of the article is 474 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

Citation Details
Title: What licenses do I need when starting out? (Small Business Help Line).(business licenses for new firms)
Publication: San Diego Business Journal (Magazine/Journal)
Date: February 17, 2003
Publisher: CBJ, L.P.
Volume: 24 Issue: 7 Page: 22(1)

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Don't Just Do What I Tell You to Do : Do What Needs to Be Done

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Don't Just Do What I Tell You to Do : Do What Needs to Be Done
Bob Nelson
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ASIN: 0091884462

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This Book Needs to be Reprinted

Avoiding the Medicaid Trap: How to Beat the Catastrophic Costs of Nursing-Home Care
Armond D. Budish
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Binding: Hardcover

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This Book Needs to be Reprinted.......2001-10-03

For the middle class - getting sick in your old age forces you into extremme state of humiliation. For years you worked to secure a retirement for yourself and your spouse - and than the cost of medical care - the parts that MEDICARE does not cover leaves you in a desparate situation. The medical costs are more than you can bear - you are responsible for your medical, skilled nursing, home care, ambulance service, prescription drugs etc. Paying these bills in a long term illness - impoverishes the spouse who is left after the debilitating illness takes the sick one's life. I have no objection that saved wealth would not be transferred to one's descendants - but a system has to be put into place that protects the spouse that remains alive. Mr. Armond Budish in this fine book - provides one legal and moral techniques to allow one the best opportunity to save a reasonable portion of one's wealth so that the surviving spouse does not end up totally destitute. in most cases the surviving spouse's health has taken a precarious toll in taking care of the sick seeing him or she waste away - and seeing the all-powerful state force one to spend one's resources down. For an individual who has worked and saved all his/her life refused welfare of any kind over those forty productive work years - to be treated so disdainlly by a cold bureacracy makes one wonder about the priorities or lack thereof in establishing a safety net for our senior citizens. If the money is taken by the state upon the death of the second spouse - that's fine. Children of hard working middle class citizens like myself should not necessarily be entitled to the redistribution of wwealth - but allow for and provide our seniors their share of the sun.

All New Avoiding the Medicaid Trap : How to Beat the Catastrophic Costs of Nursing Home Care

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All New Avoiding the Medicaid Trap : How to Beat the Catastrophic Costs of Nursing Home Care
Armond D. Budish
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Binding: Hardcover

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