The End Of The Affair
July / August, 2009
OUR WORLD HAS CHANGED PROFOUNDLY IN THE PAST SIX MONTHS. BUT HOLD ON TO YOUR HATS: MORE CHANGE IS ON THE WAYA sense of unreality surrounds the efforts of the Obama administration to revive the American economy. The near disintegration of the financial system has shown that the wealth generated during the past two decades was mostly illusory—a figment created by the reckless expansion of credit rather than the result of productive enterprise. Certainly some Americans became remarkably rich during...
