Publisher's Synopsis
American politics has been hijacked. Over the past three decades, a fringe group of economic hucksters has corrupted and perverted our nation's policies. With dark, engaging wit, Jonathan Chait reveals how these canny zealots first took over the Republican Party and then gamed the political system and the media so that once unthinkable policies -- without a shred of academic, expert, or even popular support -- now drive the political agenda, regardless of which party is in power.
Why have these ideas succeeded in Washington? How did a clique of extremists gain control of American economic policy and sell short the country's future? And why do their outlandish ideas still determine policy despite repeated electoral setbacks? Chait tells the outrageous and eye-opening story, expertly explaining just how politics and economics work in Washington. Through vivid portraits of venal politicians and pseudo-economists, with wry analyses of their bogus theories, Chait gives us the tools to understand what's really behind economic policy debates in Washington: a riveting drama of greed and deceit.
Why have these ideas succeeded in Washington? How did a clique of extremists gain control of American economic policy and sell short the country's future? And why do their outlandish ideas still determine policy despite repeated electoral setbacks? Chait tells the outrageous and eye-opening story, expertly explaining just how politics and economics work in Washington. Through vivid portraits of venal politicians and pseudo-economists, with wry analyses of their bogus theories, Chait gives us the tools to understand what's really behind economic policy debates in Washington: a riveting drama of greed and deceit.
