Brian Wesbury

Chief Economist, First Trust Portfolios LP. The Antidote to Conventional Wisdom. Northwestern MBA. Trout (and Keynesians) tremble at the mention of my name.

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Book Recommendations:

BW

Recommended by Brian Wesbury

I was suspended from @Twitter for questioning our governments response to COVID and for mentioning Klaus Schwab’s book “COVID-19: The Great Reset.” I appealed 7 days ago and asked what “rule” I violated. No answer! Why…because they don’t have one. Just pure spite. (from X)

COVID-19: The Great Reset book cover
Klaus Schwab, Thierry Malleret

"COVID-19: The Great Reset" is a guide for anyone who wants to understand how COVID-19 disrupted our social and economic systems, and what changes will be needed to create a more inclusive, resilient and sustainable world going forward. Klaus Schwab, founder and executive Chairman of the World Economic Forum, and Thierry Malleret, founder of the Monthly Barometer, explore what the root causes of these crisis were, and why they lead to a need for a Great Reset.Theirs is a worrying, yet hopeful analysis. COVID-19 has created a great disruptive reset of our global social, economic, and political systems. But the power of human beings lies in being foresighted and having the ingenuity, at least to a certain extent, to take their destiny into their hands and to plan for a better future. This is the purpose of this book: to shake up and to show the deficiencies which were manifest in our global system, even before COVID broke out."Erudite, thought-provoking and plausible" -- Hans van Leeuwen, Australian Financial Review (Australia)"The book looks ahead to what the post-coronavirus world could look like barely four months after the outbreak was first declared a pandemic" -- Sam Meredith, CNBC (USA) "The message that the pandemic is not only a crisis of enormous proportions, but that it also provides an opportunity for humanity to reflect on how it can do things differently, is important and merits reflection"-- Ricardo Avila, Portafolio (Colombia) "A call for political change in the post-pandemic world"-- Ivonne Martinez, La Razon (Mexico)"History has shown, the book argues, that pandemics are a force for radical and lasting change"-- Mustafa Alrawi, The National (UAE)

BW

Recommended by Brian Wesbury

If you aren’t reading ⁦@AmityShlaes⁩ new book “Great Society: A New History” you should be. Excellent! PS — It would make a great Christmas present for one of the Democratic presidential candidates. https://t.co/slGCV4o901 (from X)

The New York Times bestselling author of The Forgotten Man and Coolidge offers a stunning revision of our last great period of idealism, the 1960s, with burning relevance for our contemporary challenges. "Great Society is accurate history that reads like a novel, covering the high hopes and catastrophic missteps of our well-meaning leaders."  ―Alan Greenspan Today, a battle rages in our country. Many Americans are attracted to socialism and economic redistribution while opponents of those ideas argue for purer capitalism. In the 1960s, Americans sought the same goals many seek now: an end to poverty, higher standards of living for the middle class, a better environment and more access to health care and education. Then, too, we debated socialism and capitalism, public sector reform versus private sector advancement. Time and again, whether under John F. Kennedy, Lyndon Johnson, or Richard Nixon, the country chose the public sector. Yet the targets of our idealism proved elusive. What’s more, Johnson’s and Nixon’s programs shackled millions of families in permanent government dependence. Ironically, Shlaes argues, the costs of entitlement commitments made a half century ago preclude the very reforms that Americans will need in coming decades. In Great Society, Shlaes offers a powerful companion to her legendary history of the 1930s, The Forgotten Man, and shows that in fact there was scant difference between two presidents we consider opposites: Johnson and Nixon. Just as technocratic military planning by “the Best and the Brightest” made failure in Vietnam inevitable, so planning by a team of the domestic best and brightest guaranteed fiasco at home. At once history and biography, Great Society sketches moving portraits of the characters in this transformative period, from U.S. Presidents to the visionary UAW leader Walter Reuther, the founders of Intel, and Federal Reserve chairmen William McChesney Martin and Arthur Burns. Great Society casts new light on other figures too, from Ronald Reagan, then governor of California, to the socialist Michael Harrington and the protest movement leader Tom Hayden. Drawing on her classic economic expertise and deep historical knowledge, Shlaes upends the traditional narrative of the era, providing a damning indictment of the consequences of thoughtless idealism with striking relevance for today. Great Society captures a dramatic contest with lessons both dark and bright for our own time.