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Amity Shlaes discusses the economic history of the 1960s and the efforts of Presidents Johnson and Nixon to eradicate poverty—the subjects of her just-published book, Great Society: A New History.
The 1960s were a momentous period, from the Civil Rights Movement to the Vietnam War, but Shlaes’s book focuses on the incredibly ambitious government programs of the era, which expanded the social safety net beyond anything contemplated before. Overall, the Great Society programs, Shlaes writes, came “close enough to socialism to cause economic tragedy.” Great Society is a powerful follow-up to her earlier book, The Forgotten Man, about the Great Depression and the 1930s.
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Good speech. Enjoyed “The Forgotten Man” and hope to get to this book too, especially as I want to read more about economics.
Shlaes tells the story of unsung hero of liberty Lemuel Ricketts Boulware (1895–1990), the 1950s GE executive who hired — and taught free market economics to — spokesman Ronald Reagan.
Excellent lecture!