A note about the index: The pages referenced in this index refer to the page numbers in the print edition. Clicking on a page number will take you to the ebook location that corresponds to the beginning of that page in the print edition. For a comprehensive list of locations of any word or phrase, use your reading system’s search function.
ABC News, 308
abstract journals, 78
Academy Awards, 345
Acela Express, 41
Achen, Christopher, 259
acid rain, 294
Advanced Research Projects Agency (ARPA), 66, 130
“adversarial legalism,” 368
adverse selection, 80–81
advocacy groups, 251
Aegon, 221
Aetna, 204
Affordable Care Act (2010), 80, 226, 241, 251, 267, 276, 279, 280, 307, 316, 317, 367
AFL-CIO, 218
African Americans, 122, 307, 338, 346
Economic opportunity for, 122–24
incarceration rates for, 33
poverty among, 125
and the Republican Party, 250–51
and voter disenfranchisement, 345–46
agglomeration effects, 77
Agriculture Department, US, 53, 321
AIDS epidemic, 31
Ailes, Roger, 252
airbags, 84
Air Force, US, 129–30
Air Force One, 217
airline industry, 93
air-traffic controllers strike, 179
air travel, 83
alcohol, 82
Alito, Samuel, 242
Alperovitz, Gar, 68
“alt labor,” 350
Altman, Drew, 274
“amenable mortality,” 32
American Academy of Arts and Sciences, 65
American Council of Life Insurers, 221
American Enterprise Institute (AEI), 159, 232, 246, 247, 292, 369
American exceptionalism, 13–14, 26
American Express, 204
American Express v. Italian Colors Restaurant, 79
American Federation of Labor (AFL), 133
American History, 10
American International Group (AIG), 226
American Legislative Exchange Council (ALEC), 266, 357
American Liberty League, 131–32
American Motors Corporation, 15, 17, 18
American National Election Studies, 197
American Petroleum Institute, 221, 291
Americans for Financial Reform, 298
Americans for Prosperity (AFP), 158, 234, 236, 237
Americans for Tax Reform, 244
American Society of Civil Engineers, 41, 318
Americans with Disabilities Act (1990), 219
American Tobacco, 112
American Truckers Associations, 218, 221
America’s Cup (1992), 228
Amway, 228
Anderson, Robert, 143
Anschutz, Phil, 235–36
anthrax, 52
anti-Semitism, 115
Archey, William, 215, 216, 218
Army Corps of Engineers, US, 67
Articles of Confederation, 2, 11–12, 105, 304, 313
“As We May Think” (Bush), 129
asymmetric information, 80, 84–87, 275
Atkinson, Bill, 29
Atlanta, Ga., 274
Atlantic Monthly, 129
Atlas Shrugged (Rand), 184–85, 307
atomic energy, 101
attorney generals, state, 223
ATT v. Concepcion, 225
Atwater, H. Brewster, Jr., 206
auto industry, 83, 93, 127, 145
Automobile Manufacturers Association, 133
accidents and, 319
average net wealth, 36
Axis powers, 230
Bachmann, Michelle, 241
Baier, Bret, 244
Bain Capital, 16
Ball, George, 175
Balogh, Brian, 107
banking secrecy, 354
bankruptcies, medical, 275
banks, 85, 93, 286, 297, 299, 300
Barbour, Haley, 236
Bartlett, Bruce, 278–79
Baucus, Max, 279
Baumol, William, 59
Beck, Glenn, 10, 114, 236, 253, 255, 326
behavioral economics, 81
Bell, Alexander Graham, 112
Bell Labs, 100
Bennett, Bob, 264
Benton, William, 141, 142, 143
Berkeley, Calif., 302
Berle, Adolf A., Jr., 177
Berry, Jeff, 253
Beyoncé, 41
binding arbitration, 225
bipartisanship, 219
blackouts, 41–42
Blackstone, 157, 175–76, 181, 182–83, 184
Blinder, Alan, 285
Bloomberg, Michael, 182
Bloomberg News, 306
Boehner, John, 209, 216, 217–18, 241, 260, 264, 267, 268, 276, 297, 298, 316
Bohr, Niels, 38
Bolivia, 57
bonds, 138
Book of Laughter and Forgetting, The (Kundera), 361
Boston police strike (1919), 119
Boston Tea Party, 304
Bowles, Erskine, 193
Boxer, Barbara, 206
Bradford, Ralph, 133
Brandeis, Louis, 115
breast milk, 49
Bridge of Spies (film), 361–62
bridges, 318
Bridgewater Associates, 186
broadband access, 301–2
Brookings Institution, 247
Brooks, David, 123
Brown, Janice Rogers, 212
Browner, Carol, 218
Brownstein, Ronald, 295
Brulle, Robert, 293
Btu tax, 290
Buckley, William F., Jr., 168
budget deficits, 194
Buffett, Warren, 91, 196, 284, 358
Bulgaria, 301
“bundled” consumption, 85
Bureau of Economic Analysis, US, 355
Burgin, Angus, 171
Burr, Aaron, 311
Burton, Larry, 209
Bush, George H. W., 219, 243, 261
Bush, George W., 209, 212, 217, 220, 246, 249, 253, 254, 290, 292, 322, 334, 338
Bush, Jeb, 322
Bush, Prescott, 143
Bush, Vannevar, 98–102, 119–20, 125, 128, 129, 130, 151, 175, 360
Business Advisory Council, 140–41, 152
business associations, 166, 200, 201–37, 287, 296, 297, 340, 356–59
see also specific associations
business community, 131–35, 143–46, 184, 199–200
distrust of government by, 135–36
lobbying by, 172
New Deal and, 136–37
politicization of, 214–15
rise in power of, 340
shift of power from, 137
shift to support of mixed economy by, 140–46
in World War II, 137–40
business cycles, 5, 8, 88–89, 116, 134, 142, 144
business financing, 177
Business Roundtable (BRT), 154–55, 157, 158, 166, 179, 201–11, 212–13, 215, 216, 219, 222, 227, 237, 287, 298, 300, 356
rise and fall of, 202–13
Butler, Pierce, 308
buybacks, 282
buyer beware, 84–86
By the People: Rebuilding Liberty Without Permission (Murray), 313
cable companies, 302
cable news, 253
California, University of, 123–24
Riverside campus of, 124
Callendar, Guy S., 108–9
Calvin and Hobbes (comic strip), 328–29
campaign finance, 220, 223, 228–29, 234, 334, 339, 347–48
Campaign to Fix the Debt, 193
Cantor, Eric, 157, 236, 246, 265, 267
“cap-and-trade” bill, 158–59, 290, 294, 295, 297
capital, 58
productivity and, 59
capital gains tax, 244
capitalism, 7, 8, 94–95, 132, 134, 142
chronic instability of, 89
and corporate power, 90–91
democratic, 56–57
Capitalism for the People, A (Zingales), 94–95
car accidents, 83–84
carbon emissions, 41, 42, 94, 289, 292, 294, 295, 300
cardiovascular disease, 49, 54
Carnegie Mellon University, 79
Carpenter, Daniel, 93
carried-interest tax break, 183, 186, 196
car safety, 93
Case, Anne, 30–31
Castellani, John, 208–10
Cato Institute, 10, 231, 232, 233, 235, 292, 369
Cavaney, Red, 221
Center for Responsive Politics, 237, 279
Center to Protect Patients’ Rights (CPPR), 234, 235
Centers for Disease Control and Prevention, US (CDC), 43, 320, 327
Centers for Medicare and Medicaid Services, 334
Central Pacific Railroad, 111
CEOs, 17, 155, 178, 187, 204–5, 210, 287, 354, 356
certification, 301
Chait, Jonathan, 257–58
Chamber of Commerce, US, 131, 132–34, 136–37, 141, 143, 152, 156, 157–58, 166, 195, 201, 202, 211, 213–27, 234, 235, 236, 237, 255, 265, 266, 267, 279, 280, 292, 294–95, 296, 298, 332–33, 357
campaign spending by, 222–23
Center for Capital Markets Competitiveness of, 287
Donohue as head of, 218–27
donor anonymity in, 225–26
fund-raising of, 220–22
Institute for 21st Century Energy, 220
Institute for Legal Reform (ILR), 223–24, 225
Lesher as head of, 214–18
litigation project of, 215
lobbying by, 222–23
spending targets of, 221–22
Chamber of Commerce Foundation, 220, 226
ChamberWatch, US, 227
Charles Koch Foundation, 233
chemical industry, 93
Cheney, Dick, 290
ChevronTexaco, 221
Chicago, Ill., 235
Chicago, University of, 175
Chicago School economics, 168, 281–82
child care, 154
child development, 88
child health, 38
China, 41
“choice architects,” 85
Christian conservatism, 251–52
Christie, Chris, 237
Cintas Corporation, 228
Citadel, 236
Citicorp, 206
Citigroup, 186, 191, 206, 285, 301
Citizens for a Sound Economy (CSE), 233
Citizens United v. Federal Election Commission, 220, 228, 309, 348
civil rights, 17
Civil Rights Act (1964), 151, 250
civil rights movement, 230
Civil War, US, 112
class action lawsuits, 225
Clayton Antitrust Act (1914), 10, 114
Clean Air Act (1970), 74, 93, 290
Clean Air Act Amendments (1990), 74, 219
climate change, 2, 289–90, 293–95, 352, 357, 359, 363
denialist claims in, 292–93
industry attacks on idea of, 291–93
”Climategate” scandal, 295
Clinton, Bill, 163–65, 169, 171, 187, 191, 192, 193, 215–16, 218, 233, 238, 242, 243, 244, 248, 251, 257, 279, 284–85, 316, 331, 334
budget plan of, 243–44
impeachment of, 248
State of the Union Address (1993) of, 164, 169, 199
Clinton, Hillary, 352
“Closing the Gap,” 193
Club for Growth, 244, 255, 268
CNN, 252
Coats, Dan, 261
Cohn, Jonathan, 328
Coleman Report (1966), 34
collective bargaining, 16, 118, 133, 154
collective goods, 4
collectivism, 246
colleges and universities, 28, 32, 44, 65, 101, 120, 123
for-profit, 302–3
land grants and, 99–100
public, 123–24
Collins, Francis, 328
Collins, Robert, 137, 142, 143, 151
colonoscopy, 274
Colorado River Storage Project, 151
Columbia Pictures, 238
Columbia University, 60
Comeback America Initiative, 191
Commerce Department, US, 61, 140–41
Committee for a Responsible Federal Budget, 191
Committee for Economic Development (CED), 140–43, 150, 166, 202, 358–59
Committee for the Reelection of the President, 174
Commodities Future Trading Corporation (CFTC), 284, 285
Communists, Communism, 164, 230
constraint of, 90–92
Competitive Enterprise Institute, 232, 292
compliance costs, 79
computers, computer industry, 66, 101, 129–30, 181
concentrated interests, 340
Concord Coalition, 191
confirmation process, 334–35
Congress, U.S., 53, 74, 112, 116, 121, 136, 163, 176, 177, 192, 208, 223, 227, 241, 243, 248, 254, 260, 261–62, 278, 279, 285, 314, 329, 330, 331, 348
approval for, 317
budget process in, 317
confirmation process in, 334–35
disapproval of, 261–62
dysfunction of, 343–44
FDA’s enforcement strategy and, 321
least productive, 317
staff compensation and, 323
staff cuts in, 343–44
transportation bill and, 319
unpopularity of, 13
see also House of Representatives, US; Senate, US
Congressional Budget Office, 298, 321, 343
Congressional Record, 171
Congressional Research Service (CRS), 323, 343
Congress of Industrial Organizations (CIO), 133
Congress of Vienna, 271
Connaughton, James, 291
Connecticut, 126
Conscience of a Conservative, The (Goldwater), 168
Constitution, US, 1–2, 11, 105–6, 112, 304–5, 311–13, 314, 315, 341, 342
Constitutional Convention (1787), 2
Consumer Financial Protection Bureau (CFPB), 332–33
consumer protection agency, 203
consumers, 80
consumer spending, 89
“continuing resolutions,” 317
Cook, Robin, 325
Coolidge, Calvin, 119–20
Cooney, Philip, 291
Cooper, Anderson, 252
Cooper, Zack, 274
Coors, Joseph, 214
Cordray, Richard, 333
Cornell University, 99
corporate boards, 211
corporate raiders, 177
corporate tax rates, 354
corporations, 16–17, 91, 106, 135, 271, 316, 354–55, 356
free riding and, 354
power of, 90–91
R&D investment by, 38–39
regulation of, 115
rent seeking by, 93
shareholder revolution in, 177–80
takeovers in, 177–78
tax-avoidance practices of, 354
transformation of, 213
”corrosive capture,” 93
corruption, 95
Council for a Competitive Economy, 235
countervailing power, 17, 94, 145–46, 150, 340
Court of Appeals, US, 212
courts, nominations to, 331–32
Cox, Phil, 237
credit card interest, 86
credit rating, 315
Crenshaw, Ander, 306
Crèvecoeur, J. Hector St. John de, 24, 37
criminal justice, 368
crony capitalism, 92–93, 95, 97, 111, 268
Crossroads Grassroots Policy Strategies (GPS), 236
Cruz, Ted, 237
cultural capture, 285
currency, 106
Customs and Border Protection, US, 334
Daily Show, The, 308
DaimlerChrysler, 221
Dalio, Ray, 186
Dallas, Tex., 326
Daly, Lew, 68
dams, 101
dark money, 226, 228, 255, 279
Daschle, Tom, 223
Davos, Switzerland, 193
“death panels,” 280
death rates, 31–32
public, 138
student, 303
debt ceiling, 248, 265, 267, 315–16, 322, 327
Declaration of Independence, 1, 29, 305
Deep South, 250
Defense Department, US, 66, 101, 130
defense spending, 100, 126, 138
deficit reduction, 316
deficits, 134, 164, 192, 194, 243, 273, 336
deficit spending, 138
deflation, 111
DeLay, Tom, 207, 216, 219, 241, 261
DeLong, Brad, 281
DeMint, Jim, 236
democratic capitalism, 56–57
Democratic Leadership Council, 163, 360
Democratic Party, Democrats, 17, 114, 115, 134, 149, 151, 163, 165, 170, 174, 176, 185, 191, 197, 199, 203, 206, 207–8, 211, 216, 219, 231, 238, 240, 242, 243, 248, 249–50, 251, 254, 256–58, 260, 261, 263–64, 266, 277, 278–79, 280, 284, 285, 297, 316, 330, 336, 360
Depression, Great, 58, 115–16, 117, 131, 136, 138
depressions, economic, 89, 111
deregulation, 17, 89–90, 165, 172, 177, 187, 191, 207, 283–84, 286, 360
DeVos, Richard, 228
diffuse interests, 339–40, 344, 349
Dimon, James, 297
disability protection, 143
discretionary spending caps, 316–18
diseases, 49
Disraeli, Benjamin, 153
Dodd-Frank Wall Street Reform and Consumer Protection Act (2010), 211
Donohue, James, 362
Donohue, Thomas J., 156, 213, 218–27, 237, 265, 279, 294
Donors Capital Fund, 293
Donors Trust, 293
Donovan, Bill, 362
door-to-door canvasing, 351
Dow Chemical Company, 222
“downsizing,” 193
public funding of, 55
drug-resistant bacteria, 40, 53
drunk driving, 84
Dukakis, Michael, 257
Duke Energy, 294
Duncan, Arne, 154
Duncan, Thomas Eric, 324, 325, 326
Durbin, Dick, 299
Earned Income Tax Credit (EITC), 127, 194, 244, 245, 310
“East Asian miracle,” 103–4
Easterbrook, Gregg, 232
Eastman Kodak, 137
Ebola, 324–28
economic mobility, 37
economic power, correlation of, 5–6
economic recovery bill (2009), 42
Economics (Samuelson), 167–68
Economic Stabilization Agency, 133
economies, effective, factors promoting, 102–5
Economist, 249
Edison, Thomas, 112
education, 4, 8, 14, 16, 26, 27, 28, 32–35, 44, 50, 56, 59, 64–65, 67, 78, 95, 100, 103, 106, 109, 303, 361, 362, 368
achievement gap in, 338
graduation rates in, 32–33
higher, 33–34
inequality in, 34–35
post-war, 101
as public good, 73–74
public spending on, 124
skills slowdown in, 34
as social investment, 65
underinvestment in, 73
Education Department, US, 266
Education of an American Dreamer, The (Peterson), 175
Education of Henry Adams, The (Adams), 77–78
Eisenhower, Dwight D., 9, 41, 69, 99, 100, 101, 120, 121, 143, 148, 149–51, 153, 158, 163–64, 165, 171, 197, 208, 230, 239, 256, 321, 360
State of the Union Address (1953) of, 164, 169, 199
Eisenhower, Milton, 141, 150, 230
Election Assistance Commission, US, 334
elections, US:
of 1934, 136
of 1936, 148
of 1938, 149
of 1974, 203
of 1988, 257
turnout in midterm, 256–57
of 2000, 254
of 2004, 249
of 2010, 157–58, 159, 220, 221, 264, 273, 306, 346
of 2012, 73, 228, 236, 247, 252, 257, 258, 264, 266, 346
of 2014, 234, 237, 257, 265–66
of 2016, 234
electoral college, 257
electrification, 68, 116, 126, 136
elementary institutions, 65
Ellis, Christopher, 198–99
Emanuel, Rahm, 285
Emory University, 254
energy industry, 272, 288–96, 299–300, 338, 354, 355, 363
climate change attacks by, 291–93
obstruction by, 290
energy tax, 233
Engelbart, Doug, 129–30
Engler, John, 209
Engstrom, Rob, 219
environmental externalities, 74
Environmental Protection Agency, US (EPA), 74, 218, 266, 290, 291
Erie Railway Company, 110
“Erie War,” 110
Evans, Dan, 147–48
Examiner, 235
executive pay, 165, 172, 187, 287–88, 300
Export-Import Bank, 268
externalities, 72–74, 76, 90, 96, 103, 126–28, 144, 231, 286
Facebook, 91
Family Assistance Plan, 154
Faris, Jack, 217
Farmer, Dick, 228
Fear Itself (Katznelson), 149
Federal Election Commission (FEC), 226, 334
federal government, Madison’s view of, 12
Federal Highway Trust Fund, 319
Federalist Papers, The, 12, 313, 341
Federalist Society, 212
Federal Reserve System, 10, 114, 115–16, 164, 174, 312
federal spending, 138, 139, 203, 315
Federal Trade Commission (FTC), 11, 114
federal workforce, 321–22, 344
Federal Workforce Through Attrition Act, 322
“fees,” 85
Feinstein, Dianne, 206
“Fight for $15” campaign, 350
filibusters, 248, 263–64, 329–30, 331, 342–43
Financial Accounting Standards Board (FASB), 206
financial crisis (2008), 58, 89, 191
financial industry, 93, 102, 111, 172, 176–77, 178, 180, 181, 182–83, 184, 186, 187, 204, 224, 272, 278, 281–88, 296, 297, 338, 354, 359
business associations and, 287
deregulation of, 177, 185, 191, 360
lobbying by, 283–84
regulation of, 89–90
rent seeking by, 95
rents in, 283–86
systemic risk created by, 286
”Wall Street-Washingon corridor” in, 284–85
financial innovation, 285
Financial Services Roundtable, 224
fine-particle pollution, 74
Fiscal Times, 191
“Fiscy” Award, 192
Fitzgerald, F. Scott, 193–94
“flash movements,” 352
Flynn, James, 64
Flynn effect, 64
Folsom, Marion, 137, 140, 143, 146
Food and Drug Administration, US (FDA), 53, 114, 128, 320–21
food poisoning, 320
Ford, 202
Ford, Henry, II, 154
Forest Service, US, 108
Fortune 500, 177–78
fossil fuel industry, see energy industry
“Fountainhead, The” (Rand), 185
Fournier, Ron, 326
401(k) plan, 81–82
Fox News, 244, 252–53, 254, 295, 310, 311, 326
Fracturing of the American Corporate Elite, The, 204
Franklin, Benjamin, 107
fraud, 244
Freedom Partners, 234–35
free enterprise, 2
free-market movement, 172
Fresh Air (radio show), 277
Fresno, Calif., 274
Friedman, Milton, 65, 71, 89, 104, 105, 168, 171, 173, 175, 188, 244
Friedman, Patri, 188
Friess, Foster, 228
Froman, Michael, 285
Frum, David, 253
Fuchs, Victor, 278
Fukuyama, Francis, 343
G-5(torpedo boat), 98
Galbraith, John Kenneth, 17, 94
Gallatin, Albert, 107–8
Galt, John (char.), 184, 185, 307
gasoline, lead additives in, 76, 93
gay marriage, 252
GDP, 61
Geithner, Timothy, 158
General Accounting Office, 345
General Educational Development (GED) certificate, 33
General Electric (GE), 179, 202, 206, 224, 293, 294
General Foods, 132
General Mills, 206
General Theory of Employment Interest and Money, The (Keynes), 116
“generic technology,” 66
Gensler, Gary, 285
Gentry, Kevin, 235
Geological Survey, US, 108
George, David, 169
George Mason University, Mercatus Center at, 232
Georgia, 265
germ theory of disease, 49
Gerson, Elliot, 282–83
Gibson Greeting Cards, 180, 182
Gilded Age, 104, 105, 109, 110
Gilens, Martin, 195
Gillespie, Ed, 220
Gingrich, Newt, 164, 207, 216, 241, 242, 243, 248, 260–61, 262, 264, 295, 315, 316, 329, 369
Glass-Steagall Act, 187
globalization, 172, 188, 354, 356
global warming, 14, 28, 38, 42, 94, 288–89, 291, 293–94, 295, 323, 357, 363
“Glory” (song), 345
Glory Road (film), 122
Glucksman, Lew, 180
God and Man at Yale (Buckley), 168
Goldberg, Jonah, 10
Golden State Warriors, 189
Goldilocks economy, 128–30
Goldman Sachs, 191, 221, 284, 285
gold market, 110–11
Goldwater, Barry, 16, 17, 147, 151, 168
Google, 78, 170, 189, 348, 349, 357
Gorr, Ivan W., 217
government, 124–25
antitax rebellion against, 305–11
business community’s distrust of, 135–36
changing language used about, 170
as competitor with markets, 169–70
disdain for, 189
distrust in, 363
employment by, 139
interdependence and, 76
legitimate coercion by, 1–2
as market necessity, 3–7
and national wealth, 70–71
net benefits of, 367
public mistrust of, 196–98
R&D spending by, 39
rebuilding capacity of, 343–44
rent seeking by, 95
research funded by, 3–4
revolving door in, 323–24
sabotaging of, 9
20th-century growth of, 63–64
undermining legitimacy of, 311–15
unique capacities of, 70–71
World War II and, 138
Government Accountability Office, US, 323
Government Printing Office, US, 98
government shutdowns, 248, 265
government spending, 63–64
Graham, Lindsey, 333
Gramm, Phil, 283
Grant, Ulysses, 110
Great Depression, 58, 115–16, 117, 131, 136, 138
Great Enablers, 166, 207, 239, 272, 275, 279, 296, 340
Great Persuasion, The (Burgin), 171
Great Recession, 281
Great Right Migration, 242, 249
Great Society, 152
Greece, 38
Greenberg, David, 10
Greenberg, Maurice, 226
Greene, Jeff, 193
greenhouse gas emissions, 155
Greenspan, Alan, 163, 185, 190
Griffin, Ken, 236
Gross, Terry, 277
Grossman, Matt, 249
gross national product, 60–61
determination of, 60–61
Groundhog Day, 238
growth, economic, 58, 258, 282
institutional importance to, 61–63
public constraints as necessary for, 62–63
”growthmanship,” 151
Grumman, Northrop, 205
guaranteed minimum income, 154
Gulf Oil, 202
Halloran, Michael, 206
Hamilton, Alexander, 1, 106, 107, 305, 311–12, 313, 314
Hamilton (musical), 311
Harbert, Karen, 220
Harriman, Henry, 137
Harvard Business School, 183
Hatfield, Mark, 240
Hayek, Friedrich, 71, 117, 171
Hayes, Rutherford, 47
health, public, 8, 14, 28, 46–47, 49–56, 82, 103, 126
American height and, 23–24
economic growth and, 50–51
infrastructure investments in, 54–55
Health and Human Services Department, US, 321
health care, 5, 14, 26, 27, 29–32, 43, 44, 87–88, 96, 242–43, 296, 317, 338, 354, 359, 361
information asymmetry in, 275
pricing in, 274–77
racial divide on, 251
waste and inefficiency in, 54
Health Care for America Now!, 298
health care industry, 272, 273–81, 338
lobbying by, 278–79
malpractice and, 277–79
health care reform, 153, 155, 217–18, 264, 298, 299
national, 55–56, 121, 134, 152, 194
health insurance industry, 226, 279–80, 297
Heartland Institute, 292
Hemingway, Ernest, 230
Hendricks, Diane, 236
Here Comes Everybody: The Power of Organizing Without Organizations (Shirky), 351
Heritage Action for America, 235, 268
Heritage Foundation, 232, 235, 242, 255, 260, 292, 369
Higgs boson, 79
high-fructose corn syrup, 43
high schools, 65
graduation rates, 32–33
high-speed rail, 41
highway systems, 41, 68–69, 100, 120–21, 151, 366
hip replacements, 277
Hispanics, 338
“holds,” 331
Holler, Dan, 268
Homestead Acts, 108
Honeywell, 224
Hong Kong, 103–4
Hoover Institution, 232
Hopkins, Dave, 249
Houdaille Industries, 182
household income, 35–36
House of Representatives, US, 207, 209, 210, 211, 216, 240, 248, 257, 258, 260–61, 263, 264, 265, 266, 279, 290, 314
Committee on Science, Space, and Technology of, 323
Ethics Committee of, 260
”Freedom Caucus” of, 267
funding for, 344
Tea Party Caucus of, 241
Housing and Urban Development Act (1965), 152
Housing and Urban Development Department, US, 16
Hubbard, Stan, 236
Huffington Post, 335
human capital, 103, 282–83, 338
human genome, 79
Humphrey, George, 143
Humphrey, Hubert, 152
Huntington, Collis, 111
Hurricane Katrina, 293
Hutton, Edward F., 132
hypertension, 65
Iacocca, Lee, 83
IBM, 204
Immelt, Jeffrey, 294
immigration, 325
immigration reforms, 265
incarceration rates, 33
“inclusive” systems, 62
income, 26, 27, 35–38, 56, 57–58
income support programs, 89
income taxes, 10, 16, 114, 116–17, 120, 139, 173–74, 194, 245
Inconvenient Truth, An (documentary), 293
Independent, 288
independent commissions, 128
Indian Wells, Calif., 235
individual coverage mandate, 242
industrialization, 50–51, 57, 74, 113, 125
infant mortality, 32, 47–48, 49–50
infections, hospital-acquired, 277
influenza, 53
Information Council on the Environment (ICE), 292
infrastructure, 4, 14, 28, 40–41, 62, 67–69, 101, 102, 106, 107, 116, 120–21, 148, 151, 316, 318–19, 338, 361
as public good, 72
factors in, 59–60
financial, 285
government involvement in, 65–66
Institutional Investor’s Alpha, 182, 186
distrust in, 363
fragmentation of, 341–42
insurance, 80–81, 84, 87, 176, 242, 273–74, 275–76, 279–80, 283, 297, 3675
spending for private, 276
intellectual property, 93
interdependence, 75–77, 86, 113
interest groups, 166
interest rates, 86, 93, 174, 176–77, 286
Intergovernmental Panel on Climate Change (IPCC), 290, 293
Internal Revenue Service (IRS), 244, 266, 306–10
Internal Revenue Service Restructuring and Reform Act (1998), 310
International Federation of Health Plans, 273
International Harvester, 112
International Monetary Fund, 289
internet, 66, 129–30, 189, 301–2, 348–49
organizing on, 351–52
internet journalism, 364
interstate highway system, 41, 120–21, 151, 366
“invisible hand,” 4–5
Iraq, 266
Ireland, 227
IRS Oversight Board, 306
Isaacson, Walter, 29
Israel, 37
It’s Even Worse Than It Looks (Mann and Ornstein), 247, 332
Jackson, Andrew, 111
Jackson, Robert H., 362
Japanese Americans, 150
Javits, Jacob, 240
Jaws (film), 259
Jay, John, 1
Jefferson, Martha, 47
Jefferson, Thomas, 47, 52, 72, 99, 106, 107–8, 112
Jeffords, James, 257
“job creators,” 246
as phrase, 171
job training, 154
John M. Olin Foundation, 180
Johnson, Lyndon B., 123, 150, 151–52, 158, 173, 289
Johnson, Simon, 284
Johnson & Johnson, 224
Johnston, David Cay, 309
Johnston, Eric, 131, 132–34, 135, 137, 141, 145
John William Pope Foundation, 293
Jungle, The (Sinclair), 320
Kabaservice, Geoffrey, 147
Kagan, Robert, 368
Karol, David, 240
Katrina, Hurricane, 293
Katznelson, Ira, 149
Kendall, Donald, 154
Kennedy, Anthony, 242
Kennedy, John F., 151, 158, 163, 168
Kentucky, University of, 121–22
Kenyon, Larry, 29
Kerr, Clark, 123–24
Key, Keegan-Michael, 326
Key and Peele (TV show), 326
Keynes, John Maynard, 116, 138, 167, 171, 233
Keynesianism, 133, 142, 167, 173
KFC, 43
kidney disease, 49
Kirsch, Robert, 185
Klein, Ezra, 317
Klein, Maury, 109
knee replacements, 274
knowledge, 77
expansion of, 78–79
as public good, 72
Koch, Bill, 228
Koch, Charles, 158, 166, 202, 214, 222, 228–37, 266, 357, 369
Koch, David, 158, 166, 202, 222, 228–37, 266, 357, 369
Koch Industries, 228, 229, 231, 233, 234, 236, 255, 293, 306
Kohlberg Kravis Roberts & Co., 182
Kovacs, William, 295
Krauthammer, Charles, 236, 326
Krumholz, Sheila, 237
K Street Project, 219
Kundera, Milan, 361
Kuznets, Simon, 60, 61–62, 67, 69
Kwak, James, 284
LaBelle, Patti, 182
labor, 58
division of, 78
labor movement, 118–19
see also unions
laissez-faire, 9, 104, 105, 137, 185
myth of, 109–13
Landon, Alf, 148
Land Ordinance (1785), 108
Langone, Ken, 236
Language: A Key Instrument of Control, 260
LaPage, Paul, 308
Large Hadron Collider, 79
lasers, 55
LASIK eye surgery, 275
late fees, 86
Latinos, 346
law, sanctions in, 2
Law, Steven, 220
Lee, Jimmy, 193
legal systems, 62, 64, 106, 113, 223
legitimate coercion, 1–2
Lehman Brothers, 175, 176, 177, 180, 181, 182, 190, 281
Lemann, Nicholas, 123–24
Lesher, Richard, 213, 214–21, 224, 227
Letters from an American Farmer (Crèvecoeur), 24
leveraged buyouts, 180
Levin, Mark, 253
Levitt, Arthur, 206
Lewis, Meriwether, 99
Lewis and Clark, 99
Liberia, 47
libertarianism, 17, 103, 185, 188, 189–93, 229, 230–31, 232, 313
Libertarians, Libertarian Party, 230–31, 232
Liberty League, 229
Libre Initiative, 234
licensure, 301
Lieberman, Joe, 206
life expectancy, 7–8, 28, 29–31, 45–47, 49, 53, 54–55, 58, 74, 104, 116, 128
economic insecurity and, 56
monetary value of increased, 48
Limbaugh, Rush, 236, 253, 255, 326
Lincoln, Abraham, 47
Lindblom, Charles, 5
Lindsay, John, 147
Links Club, 201
Lipton, David, 285
loan guarantees, 113
lobbying, lobbyists, 155, 172, 201, 203, 204, 208, 222, 223, 278, 283–84, 287, 323, 344, 347
by energy sector, 290–91
local governments, 108
Long, Russell, 101
Los Angeles Times, 185
Louisiana, 265
Louisiana Purchase, 107–8
Lubell, Samuel, 148
Lucas, Timothy, 206
Luce, Henry, 43–44
Ludwig, Daniel, 180
Lugar, Richard, 240
Lummis, Cynthia, 322
Lund, Robert, 136
Luxembourg, 42
Lynch, Loretta, 334
McCarthy, Joseph, 143
McCarthyism, 143
McConnell, Mitch, 157, 220, 236, 260, 262–64, 315, 329, 333–34, 369
McCraw, Thomas, 108
McCullough, David, 23
McDonnell, Bob, 236
McKinsey Global Institute, 338
McNerney, Jim, 210
Maddison, Angus, 58
Maddow, Rachel, 252
Madison, James, 1–2, 11–12, 72, 106, 112, 313–14, 341
Madison Fund, 313
malaria, 328
Malloy, Mike, 253
malpractice, 277–79
Malthus, Thomas, 7
managerial autonomy, 145
mandatory private insurance, 297
Manhattan Institute for Policy Research, 109, 225, 232
Manhattan Project, 78, 98, 175
Mann, Thomas, 247, 248, 332, 334, 335–36
March Group, 202
March of Dimes, 52
market failures, 4–5, 6, 70–97, 101
adverse election in, 80–81
asymmetric information in, 84–86
complexity and, 77–79
externalities and, 72–74
imperfect information and, 79–86
interdependence and, 75–77
myopia in, 81–82
public goods and, 71–72
rent seeking in, 92–93
markets:
dynamism of, 361
government as necessary to, 3–7
robber barons and, 272
Marshall, J. Howard, 236
Marshall Plan, 143
Martin, Isaac, 229
Maryland, 126
Massachusetts, 125, 126, 297, 355
Massachusetts Institute of Technology (MIT), 55, 98, 174–75
Radiation Laboratory of, 175
Massachusetts v. EPA, 294
mass production, 57
mass transit, 57
Mather, Cotton, 51
Matusow, Allen, 153
Mayhew, David, 151
Means, Gardiner C., 177
Meany, George, 153
media, 251, 256, 295, 330, 345, 363–65, 367
distrust of, 254
Ebola scare in, 324–25
false equivalence in, 335–36, 364
right-wing, 251–54
median net wealth, 36–37
median voter model, 256
Medicaid, 55, 87, 152, 243, 321
Medicare, 31, 55, 87, 152, 190, 243, 267, 274, 276, 278, 279, 280–81, 299, 316, 321, 362, 366
Medicare Part D, 279
Mencken, H. L., 323
merchant banking, 180
Merck & Co., 222
mergers, 271
Mettler, Ruben, 205
Mettler, Suzanne, 366
Microsoft, 357
Midland, Archer Daniels, 90
“military-industrial-academic complex,” 99–100
Miller, Grant, 50
mining, 297
Minnesota, University of, 100
Mitchell, Wesley, 60
mixed economy, 3–4, 18–19, 57, 69, 70, 77, 91, 97, 128–30, 142–43, 149, 184, 239, 247, 337–38, 339, 340–41, 353, 360, 362–63, 368
building of, 114–19
business cycles and, 88–89
business support for, 143–46
corporate support for, 357–58
great forgetting of, 167–74
heyday of, 134–35
Progressive Era and, 114–15
public health gains and, 47–48
Republican Party support for, 146–53
shift of opinion against, 164–74
triumph of, 7–9
Wilson’s building of, 10
Model Cities Program, 152
Modern Corporation and Private Property, The (Berle and Means), 177
modern economic growth, 61–63
public foundations of, 63–69
Mokyr, Joel, 60
Moldova, 227
“Monetary and Fiscal Framework for Economic Stability, A” (Friedman), 89
money supply, 115–16
monopolies, 4, 10, 91, 92, 95, 112–13, 115, 144
Moran, Terry, 308
mortgaged-backed securities, 177
Moss, David, 93
Motion Picture Association of America (MPAA), 133, 349
motion picture industry, 348
Motley, John, 217
Mourdock, Richard, 240
Moynihan, Daniel Patrick, 153
MRI (magnetic resonance imaging), 55
MSNBC, 252
municipal water supplies, 50, 74
Murdoch, Rupert, 221, 252, 311
Murray, Bill, 238
Murray, Charles, 313
Myrdal, Gunnar, 125
Myth of the Robber Baron, The (Folsom), 111
narrow interests, 349
National Academy of Sciences, 30
National Aeronautics and Space Administration (NASA), 101, 129–30, 151, 214
National Alliance of Businessmen, 154
National Association of Manufacturers (NAM), 136, 141, 146, 152, 201, 202, 209, 287, 292
National Bureau of Economic Research (NBER), 60, 61
National Center for Policy Analysis, 232
National Chamber Litigation Center (NCLC), 224, 225
National Collegiate Athletic Association (NCAA) Championship, 121–22
national defense, 103
National Defense Education Act (1958), 124, 151
National Economic Council (NEC), 284, 285
National Federation of Independent Business (NFIB), 215, 217, 235
national health insurance, 55–56, 121, 134, 152, 194
National Highway Traffic Safety Administration, 84, 334
national income accounts, 61
National Industrial Recovery Act (1933), 131
National Institutes of Health (NIH), 39, 55, 328
National Interstate and Defense Highways Act (1956), 69, 120–21
National Journal, 192, 208, 326
National Labor Relations Act (Wagner Act; 1935), 118–19, 136, 142
National Labor Relations Board (NLRB), 118, 179, 333–34, 350
National Public Radio, 277
National Republican Senatorial Committee, 220
National Review, 10
National Rifle Association (NRA), 235
National Science Foundation (NSF), 39, 55, 99, 100, 101
national security, 71–72
national security state, 367–68
natural gas, 289
Nazis, Nazism, 230
negative externalities, 73
negative spillover costs, 4
network effects, 91
New Deal, 100, 115–19, 121, 126, 131, 132, 141, 145, 146, 148, 149, 151, 164, 170, 187, 212, 229, 230, 268
business community and, 136–37
new economic elite, 180–84
New Orleans, La., 293
News Corporation, 221
newspapers, 169
New York Central Railroad, 110
New Yorker, 186
New York Stock Exchange, 183
New York Times, 130, 169, 170, 171, 206, 218, 226, 237, 276–77, 356, 364
New York Times Magazine, 190
“Night Watchman State’s Last Chief, The,” 104
Nixon, Richard, 16, 147, 152–53, 154, 158, 173, 174, 175, 180, 214, 239
“No More Free Lunch for the Middle Class” (Peterson), 190
nonprofit foundations, 353, 364
Nordhaus, William, 48
Northwestern University, 175
Northwest Ordinance (1787), 108
Nudge (Thaler and Sunstein), 82, 85
Nunberg, Geoffrey, 169
Nuremburg trials, 362
nursing homes, 297
Obama, Barack, 154–56, 185–86, 188, 210, 211, 212–13, 226, 229, 242, 246–47, 251, 257, 258–59, 262–63, 264, 268, 272, 279, 284, 285, 290, 296, 302, 309, 325–26, 327, 330, 333–34, 348, 352, 368
court nominations of, 331–32
”grand bargain” of, 316
Republican opposition to, 157–59
obesity, 14, 28, 38, 42–43, 84, 93, 302
medical costs associated with, 43
occupational licensure, 301
O’Connor, Sandra Day, 123
Odland, Steve, 210
Office Depot, 210
Office of Scientific Research and Development (OSRD), 98, 100, 362
Office of Strategic Services, 362
Office of Technology Assessment (OTA), 323
Office of the Solicitor General, US, 224
Ohio State University, 214
oil embargo, 173
online piracy, 348–49
opportunity, 144–45
Oregon State University, 129
O’Reilly, Bill, 252
Organization for Economic Cooperation and Development (OECD), 32, 33, 35
Organization of Petroleum Exporting Countries (OPEC), 173
Ornstein, Norman, 247, 248, 332, 334, 335–36
output losses, 281
Outrage Industry, The: Political Opinion Media and the New Incivility (Berry and Sobieraj), 253
Pacific Gas and Electric Company, 293
Pacific Telegraph Act (1860), 112
Page, Larry, 189
Palihapitiya, Chamath, 189
Papa John’s Pizza, 236
Pasteur, Louis, 52
pasteurization, 50
“patriot dollars,” 348
patronage, 95
PayPal, 188
payroll withholding, 143
Pearson, George, 233
Pell, Claiborne, 124
Pelosi, Nancy, 211
pensions, 121
Percy, Charles, 147
Perfectly Legal (Johnston), 309
Perkins, Frances, 118
Perry, Rick, 312
Peter G. Peterson Foundation, 190, 191
Peterson, Michael, 190
Peterson, Peter, 174–76, 180–82, 184, 189–93, 316, 336, 367
Peterson Institute for International Economics, 191
Pew, J. Howard, 132
pharmaceutical industry, 204
Pharmaceutical Research and Manufacturers of America (PhRMA), 209–10, 224
philanthropy, 109–10
Philippines, 227
Phillips, Carter, 224
“phishing,” 85
PhRMA, 299
Piketty, Thomas, 8
plaintiffs’ bar, 223
polio vaccine, 52
political action committee, 201
political money laundering, 226
Politico reports, 255
Polk, William, 24
pollution, 4, 42, 72–73, 74, 94, 103, 113, 127, 289–90, 338
population, 7
population growth, 75–76
positive externalities, 73, 77
positive spillover benefits, 4
Potter, Trevor, 226
childhood, 38
in South, 125–26
Powell, Colin, 182
pre-K education, 35
prescription drug coverage, 278–79
Price, Derek de Solla, 78
prices, 85
Princeton University Press, 366
Principles, 186
private schools, 65
Procter & Gamble, 202
production, 2
productivity, 8, 41, 73, 88, 95, 116, 173, 180
education and, 64–65
effects on R&D spending on, 39–40
post-war, 101
technological change and, 59
Progressive Era, 92, 94, 114–15, 134, 135, 145, 339, 342
property taxes, 35
proxy access, 211–12, 287, 300
Prudential Financial, 226
public authority, 313, 337, 340, 341, 360
public education, 64–65
public goods, 71–72, 96, 101, 103, 144
public health, see health, public
public investment, 40–41, 44, 70, 103
public option, 299
public school, 52
public services, 62–63
public spending, 89, 124, 142, 167
public transportation, 319
public universities, 123–24
Public Utility Holding Company Act (1935), 136
Public Works Administration, 136
public works projects, 116
Pure Food and Drug Act (1906), 114
”quality-adjusted life year” (QALY), 29–30
rabies, 52
Race Between Education and Technology, The (Katz and Goldin), 32
radar, 101
railroads, 57, 67, 78, 91, 108, 110, 111, 113
Railway Times, 110
Ramsey, Dave, 253
Rancho Mirage, Calif., 235
Rand, Ayn, 18, 165, 184–85, 233, 246, 247, 267, 307
Randall, James, 90
Randians, Randianism, 165, 166, 185, 188, 189, 191–92, 193, 197, 230, 239, 245, 284, 340, 353, 361–62, 367
Raskob, John, 132
Ravel, Ann, 334
Raytheon, 100
Reagan, Ronald, 14, 17, 103, 147, 163–64, 169, 173–74, 177, 196, 203, 209, 212, 215, 217, 219, 227, 231, 243, 247, 255, 278, 283, 310, 331
Reagan Revolution, 163–64
Rearden, Hank (char.), 307
rebates, 86
recessions, 111
Reed, John, 206
referenda campaigns, 348
regulation, 5, 62, 64, 84, 103, 114, 116, 127, 144, 170, 203, 300, 355, 362
of corporations, 115
of financial industry, 89–90
pharmaceutical, 53
rent seeking and, 93
regulatory state, 313
Reinert, Erik, 106
rent seeking, 6, 92–93, 94, 95, 97, 103, 271, 283–86, 289, 296, 316, 368
Report on the Economic Conditions of the South (FDR administration), 125
Republican Businessmen for Johnson, 152
Republican Convention, of 2012, 246–47
Republican Governors Association, 223, 237
Republican National Committee (RNC), 217, 219, 220, 266
Republican Party, Republicans, 10, 17, 19, 107, 132, 134, 136, 146–53, 163, 164–65, 166, 194, 199, 212, 216–20, 222–23, 226, 229, 231, 236–37, 238–69, 272, 273, 278–80, 283–84, 296–97, 308, 320, 336, 340, 343, 359–61, 363, 369
antigovernment stance in, 360
attack on voting rights by, 345–46
BRT and, 207–10
Chamber of Commerce and, 216–17
on climate change, 294–95
conservative Christian voters and, 251–52
debt ceiling fight and, 315–16
donors to, 254–55
Ebola outbreak and, 327
energy industry and, 290–91
extremism of, 318
federal workforce and, 321–22
filibusters abused by, 329–30
financial industry and, 283–84, 300–301
for-profit colleges and, 303
four factions of, 147–48
Fox News and, 252–53
Freedom Caucus of, 268
health care costs and, 280–81
Koch brothers and, 236–37
limited cost of extremism in, 256–59
maker/taker frame and, 245–47
new nullification by, 332–35
obstructionism of, 262–64, 330–31, 332, 335–36
opposition to Clinton by, 164–65
opposition to Obama by, 157–59
participation rates of, 250
”pay to play” in, 219
primary fights and, 265
in Progressive Era, 114–15
racism in, 250–51
rightward shift of, 239–45
right-wing media and, 252–54
scorched-earth tactics of, 247–48
voting base of, 249–50, 251, 254, 256
war against IRS of, 308–10
Republican State Leadership Committee, 223
research and development (R&D), 38–40, 44, 53, 65–67, 98–102, 103, 120, 317, 319, 323, 338, 361
incentive problem in, 39
infrastructure of, 67
medical, 55
as public good, 72
spending by federal government on, 39–40
retirement, 5, 85, 87, 88, 117, 267, 361
Reuther, Walter, 16
“reversion to the mean,” 27
Rhodes Trust, 282
Richard Mellon Scaife Foundation, 293
right-wing media, 251–54
risk, 90
risk assessment, 82–83
Road to Serfdom, The (Hayek), 117
robber barons, 9, 110, 111, 270–303, 340
Robber Barons, The (Josephson), 271
Robertson, David Brian, 304–5
Rochester Chamber of Commerce, 137
Rodgers, Daniel, 168–69
Rogers, Jim, 294
Romania, 301
Romney, George, 15–17, 133, 147, 159
Romney, Mitt, 15, 16–17, 18, 73, 74, 186, 236, 241, 242, 245, 252–53, 257, 258, 267, 295, 297, 334
Roosevelt, Franklin D., 9, 14, 60–61, 98, 99, 114, 116, 117, 118, 125, 126, 131, 132, 133, 136–37, 141, 148, 149, 229, 268, 284, 360
Roosevelt, Theodore, 114
Rosenfeld, Jake, 119
Rosenthal, Elisabeth, 276–77
Roth, Andrew, 268
Rubin, James, 285
Rubin, Robert, 163, 191, 284–85
“Rubinomics,” 191
Ruml, Beardsley, 143
Rupp, Adolph, 121–22
Ryan, Paul, 18, 185, 192, 193, 236, 240–41, 246, 267, 268, 275
Ryan, Rob, 236
safety net, 95
Saint Lawrence Seaway, 101, 151
San Francisco, Calif., 274
sanitation, 50–51
Santorum, Rick, 228
Sarah Scaife Foundation, 293
satellites, 101
Savage Nation, The, 326
Savings and Loans (S&Ls), 176–77
Scalia, Antonin, 212, 236, 242
Scalia, Eugene, 211–12
Scaramucci, Anthony, 186
Scarborough, Joe, 308
Schnatter, John, 236
Schuck, Peter, 366
Schwab, Charles, 228
Schwarzman, Stephen, 157, 175–76, 181–82, 184, 185–86, 189, 196, 236
US investment in, 98–102
Science: The Endless Frontier (Bush), 98–99
Science Advisory Committee, 289
Science Since Babylon (Price), 78
scientific journals, 78
Scranton, William, 150
Seasteading Institute, 188
seatbelts, 84
Seattle, Wash., 148
Seawright, Jason, 194
second industrial revolution, 68
Securities and Exchange Commission, US (SEC), 206, 211, 212, 287
securities and investment firms, 297
Seidenberg, Ivan G., 210
Selma (film), 345
Sen, Amartya, 27
Senate, US, 12, 179, 206, 211, 240, 242, 248, 254, 257–58, 262–63, 265–66, 267, 290, 314, 329, 330
Banking Committee of, 283
Finance Committee of, 279, 309
funding for, 344
Republican Policy Committee of, 209
sequester, sequestration, 318, 327, 328
Seventh Regiment Armory, 182
shareholders, 177–80
“shareholder value,” 145, 155, 179
shark attacks, 259
Shearson/American Express, 175, 182
Shirky, Clay, 351
Short, Martin, 182
Simmons, Gene, 325
Simpson, Alan, 193
Sinclair, Upton, 171, 195, 320
Singer, Paul, 228
skill levels, 34
Slaughter, Thomas, 305
slavery, 125
Sloan, Alfred P., 132
smallpox, 51
smart grid, 41–42
Smith, Adam, 4, 5–6, 7, 47, 65, 73, 90, 91, 92, 120, 270, 340
smoking, 43, 56, 65, 82, 84, 127–28, 302
Sobieraj, Sarah, 253
Socialists, Socialism, 142, 242
social programs, 89
Social Security, 87, 88, 102, 117, 121, 131, 136–37, 143, 148, 152, 153, 164, 190, 191, 193, 194, 198, 209, 246, 267, 316, 362, 366
Social Security Act (1935), 118, 136
Solow residual, 59–60, 64, 67, 101, 180
Sombart, Werner, 37
Sonny, 238
federal investment in, 126
poverty in, 125–26
Southeastern Conference, 122
South Park (TV show), 79
Soviet Union, 98
Sparrow, James, 138–39
speculation, 116
Spellings, Margaret, 220
Spencer, Craig, 324
Sperling, Gene, 284
Spielberg, Steven, 259, 361–62
“spiral of silence,” 198–99
Sproul, Robert, 141
stagflation, 171–72, 173, 174, 198
stagnation, 35
Standard & Poor, 315
Standard & Poor’s 500, 282
standards of living, 8, 35, 36, 43–44, 56
Stanford Law School, 123
Stanford University, 254
Stanley, Morgan, 183
Stans, Maurice, 174
state budgets, 192
state development bonds, 109
state governments, 108
steamships, 78
Stern, Nicholas, 289
Stevens, Ted, 240
Stewart, Jon, 308
Stewart, Rod, 182
Stiglitz, Joseph, 93
stimulus bill, 157
stock market crash (1929), 183
stock options, 187, 205–6, 287
Stop Online Piracy Act (SOPA), 348–49, 352
“stranded assets,” 288
student debt, 303
submerged benefits, 366
subsidies, 93, 242, 268–69, 286, 316
for energy sector, 289
Sudetenland, 230
sugar, 43
suicide rates, 56
sulfonamides, 53
Summers, Larry, 158, 191, 284, 285
Sun Also Rises, The (Hemingway), 230
Sun Oil, 132
Super Bowl XLVII, 41–42
supermajority requirements, 342
Super PACs, 220
superrich, 185–87, 193–98, 228, 255
effects on policy of, 195–96
origin myth of, 188–89
Supreme Court, US, 79, 115, 131, 214, 220, 224–25, 228, 242, 294, 309, 332, 342, 347, 348
supreme courts, state, 223
survivors’ benefits, 117
Sweetney, John, 218
Taft, Robert A., 147
Taft-Hartley Act (1947), 134
tax cuts, 17, 172, 207, 209, 215, 243–44
taxes, 5, 102, 103, 120–21, 164, 165, 168, 203, 243, 304–5, 315–16, 355
automatic withholding of, 306–7
modern rebellion against, 305–11
progressive, 136
as tool of social reform, 116–17
in World War II, 138–39
tax loopholes, 157
Tax Reform Act (1986), 219
Tea Party, 10, 12, 236, 240, 254, 264–65, 268, 306, 313
tech industry, 206
”generic,” 66
teen pregnancy, 76
telecommunications industry, 204
terrorism, 325
Texas Health Presbyterian Hospital, 324
Texas Western College, 121–22
Themis, 234
Theriault, Sean, 248
Thinking, Fast and Slow (Tversky), 81
Tillis, Thom, 266
tobacco industry, 56, 127–28, 227
Tocqueville, Alexis de, 13, 24, 37
Tomasky, Michael, 365
too-big-to-fail subsidy, 286
trade, 102
transportation, 67, 68, 102, 319
Transportation Department, US, 319
Travelers Group, 206
Treasury Department, US, 321
Triangle Shirtwaist Factory fire, 118
trucking industry, 93
Truman, Harry S., 99, 100, 121, 126, 134, 152, 317
Trump, Donald, 325
trusts, 91
TRW, 205
Tushnet, Mark, 247–48
Tversky, Amos, 81
Twitter, 349
UAW, 16
underinvestment, 82
“Understanding Fiscal Responsibility” (curriculum), 191
unemployment, 89, 116, 138, 192, 281
suicide rates and, 56
unemployment benefits, 117
unemployment insurance, 142, 164
UNESCO, 150
UNICEF, 230
Union Pacific, 108
unions, 15–16, 17, 94, 101, 118–19, 131, 133, 134, 140, 142, 144, 145–46, 150, 153, 164, 170, 172, 179, 185, 203, 251, 298, 301, 349–50, 368
United Nations Children’s Fund (UNICEF), 37–38
United States Climate Action Partnership (USCAP), 293–94, 295–96
universal health insurance, 163, 216
universities, see colleges and universities
Unjust Deserts (Alperovitz and Daly), 68
UN’s Human Development Index, US ranking on, 27–28
Upshot, The, 364
U.S. Health in International Perspective: Shorter Lives, Poorer Health (National Academy of Sciences), 30
U.S. Steel, 112
Vanderbilt, Cornelius, 110
Variety Wholesalers, 228
variolation, 51
Verizon, 210
Veterans Health Administration, 65
Virginia Plan, 314
vocational high schools, 33
Vogel, David, 135
Voinovich, George, 157
Volcker, Paul, 174
voter anger, 260
voter disenfranchisement, 248
voter fraud, 345
voter registration, 346
voting, 256
urban-rural split in, 256–57, 258
Voting Rights Act (1965), 345
wage stagnation, 35
Wagner Act (1935), 118–19, 136, 142, 350
Walker, Scott, 237
Wallace, Perry, 122
Wall Street Journal, 6, 186, 207–8, 221, 225–26, 245, 266, 271, 274, 297
Walters, Barbara, 182
War on Poverty, 123, 127, 151–52
War Production Board, US, 53, 61
War Relocation Authority, 150
Warren, Elizabeth, 333
Washington, George, 23–24, 107, 305
Washington Post, 221–22, 234, 315, 326, 364
Washington State, 302
Watergate scandal, 174, 175, 197, 334
Waterhouse, Benjamin, 207, 214
waterways, 67
Wealth of Nations, The (Smith), 5, 7, 47, 92
Webster, Noah, 112
Weekly Standard, 236
Weill, Sanford “Sandy,” 186–87, 196, 206
Weinstein, James, 145
Welch, John F., 206
Welch, Robert, 230
“welfare cheats,” 247
welfare state, 88, 89, 102, 117–18
Western Union, 112–13
Westinghouse, 202
White, William Allen, 92
White House correspondent’s dinner, 325–26
White House Council on Environmental Quality, 291
White House Office of Management and Budget, 285
Whitman, Christine Todd, 291
Why Government Fails So Often: And How It Can Do Better (Schuck), 366
Why Is There No Socialism in the United States? (Sombart), 37
Why Nations Fail (Acemoglu and Robinson), 62–63
Wi-Fi networks, 302
Wikipedia, 348–49
Wilcke, Richard, 235
Will, George, 10, 11, 12–13, 114, 313
Wilson, James, 314
Wilson, Woodrow, 9–11, 114–15, 259
Winchell, Walter, 139
Witte, Edwin, 118
workers’ compensation, 114
Works Progress Administration, 116
World War I, 100
World War II, 24, 39, 98, 99, 100, 102, 116, 117, 120, 137–39, 145, 151, 173, 179, 189, 230, 358
World Wide Web, 189
Wright, Jim, 260
Wyatt Company, 206
Yale Environmental Performance Index, 42
Young, Owen, 179
Young & Rubicam, 356