I am reading the former finance editor of Business Week Jeffrey Madrick's The End of Affluence: The Causes and Consequences of America's Economic Dilemma--a short, non-specialist overview of the US economy. Madrick advances an interesting claim (actually it could be taken as an indictment of the economics profession), and I am wondering whether he is right about this. "For all its ups and downs, [the post- WWII boom] produced the fastest, broadest-based economic growth and rising living standards a major economy has ever seen. There is not one forecast on record that suggested it might not last." (p.35) Is this true? Thanks for the help. Rakesh
