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It's not as bad as you think

While recovering from what was most likely a case of the H1N1 virus (which wasn't as bad as I had feared), I've spent some time with good friend and fellow supply-sider Brian Wesbury's new book It's Not as Bad as You Think. He and I share an innate optimism regarding the future of the U.S. economy, even though we both agree that fiscal and monetary policies present serious headwinds to progress. Our optimism is driven by a belief that capitalism, free markets, and people's desire to better their lot in life add up to a force that can drive progress in spite of the roadblocks set up by misguided politicians and policymakers. His book is well laid out and easy to get through, and he brings a lot of common sense to bear on all the problems leading up to last year's panic recession, and how things are likely to sort themselves out going forward. I should add that he also does a terrific job of explaining the key differences between how supply-siders view the world and how most of the other economists in the world (the Keynesians) do. It's a refreshing antidote to what you see in the press these days.

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