Spending on keeping us alive and well may reach 25 percent of all national spending within the foreseeable future. What, the author asks, is so bad about that?
As the chairman of Bill Clinton's Council of Economic Advisors, and subsequently as the chief economist of the World Bank during the East Asian financial crisis, Joseph Stiglitz was deeply involved in many of the economic-policy debates of the past ten years.
Lew Wasserman was a man thought by many to have the sharpest and best-disciplined business mind ever to exercise executive power at a major American movie studio.