Carisa's Reviews > Back to Work: Why We Need Smart Government for a Strong Economy
Back to Work: Why We Need Smart Government for a Strong Economy
by Bill Clinton
by Bill Clinton
This book is basically Clinton’s own brainstorming about what should be changed in the US economic policies. He provides some interesting ideas, the writing is fresh and with a lot of financial data. It has some flaws, like he uses examples of actions he took during his government that cannot be applied today since the world economy –not only the US economy- has radically changed since then. Also, the ideas he points as working well in other countries cannot be simply copied and applied to the American economy, given the different cultures and key comparative advantages –or disadvantages- that exist between them. I agree with his arguments on defense expending– the US should have left Afghanistan just after the Taliban was gone, etc.- but the reality is that the deficit is not the worst problem of the US, but what can the US do to revitalize its private sector with a multiplying effect in increased output and job creation. I also agree that bank lending can and should play a more important role on economic reactivation. The production side of the economy should be fortified; incentives for new business should also be a priority. If this is not accomplished, the private sector will not be able to shoulder, for example, the burden of social security or growing international competition –especially amidst world recession. An effective government does not mean a larger or smaller one, but one which has set priorities and stick by them. At the least, the author’s ideas were thought-provoking.
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