30 years ago in reason.

• Author: Sullum, Jacob
• Position: Citings - Current events - Brief article

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"With the unwitting cooperation of shallow news reporting, Chrysler is fostering the impression that bankruptcy means disappearance--as if the company's physical assets were literally going to be liquidated, never to be seen again."

--Robert W. Poole Jr., "Rescue Chrysler?"

"The economic distresses of the Western industrialized world today clearly indicate that something has gone wrong. The Keynesian orthodoxy that has dominated economic theory and policy in the post-World War II era promised full employment, price stability, and rapid economic growth. Instead, we now face high unemployment, accelerating inflation, and stagnation."

--William P...