It counters conventional wisdom with an eighty-year revisionist history of how the American state—especially the Federal Reserve—has fallen prey to the politics of crony capitalism and the ideologies of fiscal stimulus, monetary central planning, and financial bailouts. These forces have left the public sector teetering on the edge of political dysfunction and fiscal collapse and have caused America's private enterprise foundation to morph into a speculative casino that swindles the masses and enriches the few.Defying right- and left-wing boxes, David Stockman provides a catalogue of corrupters and defenders of sound money, fiscal rectitude, and free markets. The former includes Franklin Roosevelt, who fathered crony capitalism; Richard Nixon, who destroyed national financial discipline and the Bretton Woods gold-backed dollar; Fed chairmen Greenspan and Bernanke, who fostered our present scourge of bubble finance and addiction to debt and speculation; George W. Bush, who repudiated fiscal rectitude and ballooned the warfare state via senseless wars; and Barack Obama, who revived failed Keynesian “borrow and spend” policies that have driven the national debt to perilous heights. By contrast, the book also traces a parade of statesmen who championed balanced budgets and financial market discipline including Carter Glass, Harry Truman, Dwight Eisenhower, Bill Simon, Paul Volcker, Bill Clinton, and Sheila Bair.Stockman's analysis skewers Keynesian spenders and GOP tax-cutters alike, showing how they converged to bloat the welfare state, perpetuate the military-industrial complex, and deplete the revenue base—even as the Fed's massive money printing allowed politicians to enjoy “deficits without tears.” But these policies have also fueled new financial bubbles and favored Wall Street with cheap money and rigged stock and bond markets, while crushing Main Street savers and punishing family budgets with soaring food and energy costs. The Great Deformation explains how we got here and why these warped, crony capitalist policies are an epochal threat to free market prosperity and American political democracy.

    In this dramatic narrative written especially for students and general readers, Sheldon M. Stern, longtime historian at the John F. Kennedy Library, enables the reader to follow the often harrowing twists and turns of the crisis.Based on the author’s authoritative transcriptions of the secretly recorded ExComm meetings, the book conveys the emotional ambiance of the meetings by capturing striking moments of tension and anger as well as occasional humorous intervals. Unlike today's readers, the participants did not have the luxury of knowing how this potentially catastrophic showdown would turn out, and their uncertainty often gives their discussions the nerve-racking quality of a fictional thriller. As President Kennedy told his advisers, “What we are doing is throwing down a card on the table in a game which we don't know the ending of.”Stern documents that JFK and his administration bore a substantial share of the responsibility for the crisis. Covert operations in Cuba, including efforts to kill Fidel Castro, had convinced Nikita Khrushchev that only the deployment of nuclear weapons could protect Cuba from imminent attack. However, President Kennedy, a seasoned Cold Warrior in public, was deeply suspicious of military solutions to political problems and appalled by the prospect of nuclear war. He consistently steered policy makers away from an apocalyptic nuclear conflict, measuring each move and countermove with an eye to averting what he called, with stark eloquence, “the final failure.”

    Joesten carefully documents the little-known facts behind Johnson's involvement in scandals stretching back to his first stolen election in 1948, thru the Bobby Baker, Billy Sol Estes and Walter Jenkins affairs, and culminates with the assassination of John F. Kennedy. Included are LBJ's connection to mobsters, big Texas oil, political graft and corruption, blackmailing of FBI chief J. Edgar Hoover, and a disturbing number of murders committed by his henchmen for LBJ's personal gain.FROM THE BOOK:The true nature of Lyndon B. Johnson has long been hidden from the public through the frenzied efforts of highly paid P.R. wizards and artificial image-builders. William Manchester came closer than most other people to seeing through the benign public relations mask of Lyndon Johnson, but one wouldn't know it from scanning the pages of 'The Death of a President'.If there are two persons in the world who have really come to know Johnson at close quarters, outside of his own family, they are Robert and Jacqueline Kennedy. Manchester interviewed both of them at length and they told him, without mincing their words, what they thought of That Man in the White House. But when Manchester, having faithfully recorded everything the Kennedys had told him, rushed into print with his story, years ahead of schedule, they both got panicky and practically forced him to 'revise' his story out of recognition.Edward J. Epstein, the author of Inquest, somehow managed to get hold of a copy of the original, unedited manuscript of the Manchester book, then entitled 'Death of a Lancer', and revealed in the July issue 1967 of Commentary, some of its contents.In his original draft, Manchester, it seems, made some very pungent remarks about Lyndon Johnson whom he described, among other things, as a 'chameleon who constantly changes loyalties'; 'a capon' and 'a crafty schemer who has a gaunt, hunted look about him'.He also pictured Johnson as 'a full-fledged hypomaniac' and 'the crafty seducer with six nimble hands who can persuade a woman to surrender her favors in the course of a long conversation confined to obscure words. No woman, even a lady, can discern his intentions until the critical moment'.By far the most interesting aspect of this matter, however, is Epstein's contention that Manchester's original theme, which gave unity to his book, was 'the notion that Johnson, the successor, was somehow responsible for the death-of his predecessor'.Several quotations from the original draft bear out this contention. At one point, the Lancer version states, 'The shattering fact of the assassination is that a Texas murder has made a Texan President'.At another, Kenneth O'Donnell, Kennedy's appointments secretary, is quoted as exclaiming 'They did it. I always knew they'd do it. You couldn't expect anything else from them. They finally made it'.Then Manchester comments: 'He didn't specify who "they" were. It was unnecessary. They were Texans, Johnsonians'.But what is one to think of an author who allows his most important work not only to be castrated, but to be turned completely upside down by a publisher more committed to the dictates of expediency than to the search for historical truth?

    Together they helped bring the Constitution into being, yet soon after the new republic was born they broke over the meaning of its founding document. Hamilton emphasized economic growth, Madison the importance of republican principles. Jay Cost is the first to argue that both men were right -- and that their quarrel reveals a fundamental paradox at the heart of the American experiment. He shows that each man in his own way came to accept corruption as a necessary cost of growth. The Price of Greatness reveals the trade-off that made the United States the richest nation in human history, and that continues to fracture our politics to this day.

    Warfare and taxes reshaped the English economy, and at the heart of these dramatic changes lay an issue that is still very much with us today: the tension between a nation's aspirations to be a major power and fear of the domestic consequences of such an ambition--namely, the loss of liberty.

    In 1942, however, after a series of defeats in the Pacific and the struggle to establish a beachhead on the European front, America seemed to be on the brink of defeat and was beginning to splinter from within.   Exploring this precarious moment, Tracy Campbell paints a portrait of the deep social, economic, and political fault lines that pitted factions of citizens against each other in the post–Pearl Harbor era, even as the nation mobilized, government-aided industrial infrastructure blossomed, and parents sent their sons off to war. This captivating look at how American society responded to the greatest stress experienced since the Civil War reveals the various ways, both good and bad, that the trauma of 1942 forced Americans to redefine their relationship with democracy in ways that continue to affect us today.

    … Destined to take its place as not only one of the masterworks on Eisenhower, but as one of the classics of presidential history. … Impeccably researched, the book is nothing short of extraordinary. What a triumph!”—JAY WINIK, New York Times bestselling author of April 1865 and 1944In Three Days in January, Bret Baier masterfully casts the period between Eisenhower’s now-prophetic farewell address on the evening of January 17, 1961, and Kennedy’s inauguration on the afternoon of January 20 as the closing act of one of modern America’s greatest leaders—during which Eisenhower urgently sought to prepare both the country and the next president for the challenges ahead.Those three days in January 1961, Baier shows, were the culmination of a lifetime of service that took Ike from rural Kansas to West Point, to the battlefields of World War II, and finally to the Oval Office. When he left the White House, Dwight Eisenhower had done more than perhaps any other modern American to set the nation, in his words, “on our charted course toward permanent peace and human betterment.”On January 17, Eisenhower spoke to the nation in one of the most remarkable farewell speeches in U.S. history. Ike looked to the future, warning Americans against the dangers of elevating partisanship above national interest, excessive government budgets (particularly deficit spending), the expansion of the military-industrial complex, and the creeping political power of special interests. Seeking to ready a new generation for power, Eisenhower intensely advised the forty-three-year-old Kennedy before the inauguration.Baier also reveals how Eisenhower’s two terms changed America forever for the better, and demonstrates how today Ike offers us the model of principled leadership that polls say is so missing in politics. Three Days in January forever makes clear that Eisenhower, an often forgotten giant of U.S. history, still offers vital lessons for our own time and stands as a lasting example of political leadership at its most effective and honorable.

    Max Hastings has spent the past three years interviewing scores of participants on both sides, as well as researching a multitude of American and Vietnamese documents and memoirs, to create an epic narrative of an epic struggle. He portrays the set pieces of Dienbienphu, the 1968 Tet offensive, the air blitz of North Vietnam, and also much less familiar miniatures such as the bloodbath at Daido, where a US Marine battalion was almost wiped out, together with extraordinary recollections of Ho Chi Minh’s warriors. Here are the vivid realities of strife amid jungle and paddies that killed two million people.Many writers treat the war as a US tragedy, yet Hastings sees it as overwhelmingly that of the Vietnamese people, of whom forty died for every American. US blunders and atrocities were matched by those committed by their enemies. While all the world has seen the image of a screaming, naked girl seared by napalm, it forgets countless eviscerations, beheadings, and murders carried out by the communists. The people of both former Vietnams paid a bitter price for the Northerners’ victory in privation and oppression. Here is testimony from Vietcong guerrillas, Southern paratroopers, Saigon bargirls, and Hanoi students alongside that of infantrymen from South Dakota, Marines from North Carolina, and Huey pilots from Arkansas.No past volume has blended a political and military narrative of the entire conflict with heart-stopping personal experiences, in the fashion that Max Hastings’ readers know so well. The author suggests that neither side deserved to win this struggle with so many lessons for the twenty-first century about the misuse of military might to confront intractable political and cultural challenges. He marshals testimony from warlords and peasants, statesmen and soldiers, to create an extraordinary record.

    Before the ProgressiveEra most Americans lived on farms, working from before sunrise to after sundown every day except Sunday with tools that had changed very little for centuries. Just three decades later, America was utterly transformed into a diverse, urban, affluent, leisure-obsessed, teeming multitude. Thisexplosive change was accompanied by extraordinary public-spiritedness as reformers--frightened by class conflict and the breakdown of gender relations--abandoned their traditional faith in individualism and embarked on a crusade to remake other Americans in their own image.The progressives redefined the role of women, rewrote the rules of politics, banned the sale of alcohol, revolutionized marriage, and eventually whipped the nation into a frenzy for joining World War I. These colorful, ambitious battles changed the face of American culture and politics andestablished the modern liberal pledge to use government power in the name of broad social good. But the progressives, unable to deliver on all of their promises, soon discovered that Americans retained a powerful commitment to individual freedom. Ironically, the progressive movement helpedreestablish the power of conservatism and ensured that America would never be wholly liberal or conservative for generations to come.Michael McGerr's A Fierce Discontent recreates a time of unprecedented turbulence and unending fascination, showing the first American middle-class revolution. Far bolder than the New Deal of FDR or the New Frontier of JFK, the Progressive Era was a time when everything was up for grabs andperfection beckoned.

    This book shows how the collective purposes and meanings that had framed social debate became unhinged and uncertain. It offers a reinterpretation of the ways in which the decades surrounding the 1980s changed America.

    With unprecedented, deep access to all these individuals, Chris Whipple tells the story of an agency that answers to the United States president alone, but whose activities—spying, espionage, and covert action—take place on every continent.Since its inception in 1947, the Central Intelligence Agency has been a powerful player on the world stage, operating largely in the shadows to protect American interests. For The Spymasters, Whipple conducted extensive, exclusive interviews with nearly every living CIA director, pulling back the curtain on the world’s elite spy agencies and showing how the CIA partners—or clashes—with counterparts in Britain, France, Germany, Israel, Jordan, Saudi Arabia, and Russia. He covers every topic from the influence of the White House on intelligence activity to simmering problems in the Middle East and Asia to rogue nuclear threats and cyberwarfare.A revelatory look at the CIA’s impact across the globe, The Spymasters uncovers the inside stories behind the CIA’s seven decades of activity and elicits predictions about which issues—and threats—will occupy the espionage and surveillance landscape of the future. Including eye-opening interviews with George Tenet, John Brennan, Leon Panetta, and David Patraeus, as well as those who’ve just recently departed the Agency, this is a timely, essential, and important contribution to current events.

    It was a story that generations of Americans have also come to know through Dorothea Lange'sunforgettable photos of migrant families struggling to make a living in Depression-torn California. Now in James N. Gregory's pathbreaking American Exodus, there is at last an historical study that moves beyond the fiction of the 1930s to uncover the full meaning of these events. American Exodus takes us back to the Dust Bowl migration of the 1930s and the war boom influx of the 1940s to explore the experiences of the more than one million Oklahomans, Arkansans, Texans, and Missourians who sought opportunities in California. Gregory reaches into the migrants' livesto reveal not only their economic trials but also their impact on California's culture and society. He traces the development of an Okie subculture that over the years has grown into an essential element in California's cultural landscape. Gregory vividly depicts how Southwesterners brought with them on their journey west an allegiance to evangelical Protestantism, plain-folk American values, and a love of country music. These values gave Okies an expanding cultural presence their new home. In their neighborhoods, oftencalled Little Oklahomas, they created a community of churches and saloons, of church-goers and good-old-boys, mixing stern-minded religious thinking with hard-drinking irreverence. Today, Baptist and Pentecostal churches abound in this region, and from Gene Autry, Oklahoma's singing cowboy, toWoody Guthrie, Bob Wills, and Merle Haggard, the special concerns of Southwesterners have long dominated the country music industry in California. The legacy of the Dust Bowl migration can also be measured in political terms. Throughout California and especially in the San Joaquin Valley Okies haveimplanted their own brand of populist conservatism. The consequences reach far beyond California. The Dust Bowl migration was part of a larger heartland diaspora that has sent millions of Southerners and rural Midwesterners to the nation's northern and western industrial perimeter. American Exodus is the first book to examine the culturalimplications of that massive 20th-century population shift. In this rich account of the experiences and impact of these migrant heartlanders, Gregory fills an important gap in recent American social history.

    dollar’s dominance seems under threat. The near collapse of the U.S. financial system in 2008–2009, political paralysis that has blocked effective policymaking, and emerging competitors such as the Chinese renminbi have heightened speculation about the dollar’s looming displacement as the main reserve currency. Yet, as The Dollar Trap powerfully argues, the financial crisis, a dysfunctional international monetary system, and U.S. policies have paradoxically strengthened the dollar’s importance. Eswar Prasad examines how the dollar came to have a central role in the world economy and demonstrates that it will remain the cornerstone of global finance for the foreseeable future. Marshaling a range of arguments and data, and drawing on the latest research, Prasad shows why it will be difficult to dislodge the dollar-centric system. With vast amounts of foreign financial capital locked up in dollar assets, including U.S. government securities, other countries now have a strong incentive to prevent a dollar crash. Prasad takes the reader through key contemporary issues in international finance—including the growing economic influence of emerging markets, the currency wars, the complexities of the China-U.S. relationship, and the role of institutions like the International Monetary Fund—and offers new ideas for fixing the flawed monetary system. Readers are also given a rare look into some of the intrigue and backdoor scheming in the corridors of international finance.The Dollar Trap offers a panoramic analysis of the fragile state of global finance and makes a compelling case that, despite all its flaws, the dollar will remain the ultimate safe-haven currency.

    Dent Jr., bestselling author of The Demographic Cliff and The Sale of a Lifetime, predicted the populist wave that has driven the Brexit vote, the election of Donald Trump, and other recent shocks around the world. Now he returns with the definitive guide to protect your investments and prosper in the age of the anti-globalist backlash.The turn of the 2020s will mark an extremely rare convergence of low points for multiple political, economic, and demographic cycles. The result will be a major financial crash and global upheaval that will dwarf the Great Recession of the 2000s—and maybe even the Great Depression of the 1930s. We’re facing the onset of what Dent calls “Economic Winter.”   In Zero Hour, he and Andrew Pancholi (author of The Market Timing Report newsletter) explain all of these cycles, which influence everything from currency valuations to election returns, from economic growth rates in Asia to birthrates in Europe. You’ll learn, for instance:   • Why the most-hyped technologies of recent years (self-driving cars, artificial intelligence, virtual reality, blockchain) won’t pay off until the 2030s.    • Why China may be the biggest bubble in the global economy (and you’d be a fool to invest there).    • Why you should invest in the healthcare and pharmaceutical industries, and pull out of real estate and automotive.    • Why putting your faith in gold is a bad idea.   Fortunately, Zero Hour includes a range of practical strategies to help you turn the upheaval ahead to your advantage, so your family can be prepared and protected.

    But why did it last so long? And what impact did it have on the United States, the Soviet Union, Europe, and the Third World? Finally, how did it affect the broader history of the second half of the twentieth century--what were the human and financial costs? This Very Short Introduction provides a clear and stimulating interpretive overview of the Cold War, one that will both invite debate and encourage deeper investigation.About the Series: Combining authority with wit, accessibility, and style, Very Short Introductions offer an introduction to some of life's most interesting topics. Written by experts for the newcomer, they demonstrate the finest contemporary thinking about the central problems and issues in hundreds of key topics, from philosophy to Freud, quantum theory to Islam.