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“The Decline and Crash of the American Economy is a more serious book than any mere forecast could be, because it describes the actual process of deterioration that has been camouflaged by the euphoria of the Reagan years. It provides perspective both on the past and on the future. Joel Kurtzman’s technique of weaving together economic and political developments into one fabric establishes him as a significant new figure in the ongoing economic debate.” —Eliot Janeway

I call these problems the Decline and Crash of American economy because they are pulling down our standard of living, threatening our wealth, and weakening our standing in the world, not just in an overnight 508-point collapse of the stock market, but in a slow, steady, unrelenting decline of the economy as a whole. And there is little evidence that the correct steps are being taken—at any level—to end that decline. This book is not mean to scare, but is meant to wake people up. Our country is at risk, our investments are in jeopardy, and our future is uncertain. I will show where our problems lie and how they will affect us, and offer a plan to resurrect the United States from its decline. —from the Introduction