How So-called Experts Mislead Us about



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marginal rates 57, 58

marginal utility 7

Mariana Islands 208

marriage penalty 51

Massachusetts 242

McCain-Feingold bill 253

McNamara, Robert 186

means test 37

median family income 17

median income data 14

Medicaid 118, 121, 135

Medicaid fraud 114

medical corporations 132

Medicare 111, 114, 115, 118, 126, 132, 133, 136

Medicare fraud 114

mergers 99, 122, 212

Mexico 192, 238, 248

Microsoft Corporation 219

military-industrial complex 224

mining rights 201

minority shareholders 204

Minow, Newton 98

Mitchell, John 87

Modigliani, Franco 3, 140

monetarism 151, 158

monetary policy 156, 249

money supply 157

monopolies 98, 99, 103, 106, 108, 154, 214, 221

Monsanto Corporation 202

Morgan, J.P. 212, 214

Moynihan, Sen. Daniel 29

Mozambique 193

multinational corporations 185, 237

Murdoch, Rupert 97, 221

Myanmar 242

Nabisco 220

NAIRU 138-139

Natapoff 7

national debt 24, 32

National Labor Relations Board (NLRB) 146, 148

National Medical Enterprises 223

NationsBank 172

natural person 206

natural rate of unemployment 138-139

negative savings 59, 61

neoclassical 151

neo-liberalism 184

New Misery Index 166

New York State 120

News Corporation 221

Nigeria 203

Nixon, Pres. Richard 2, 25, 83, 246

Nordhaus, William 11

North American Free Trade Agreement (NAFTA) 231, 238

North Carolina 120

Northern Securities 213

notch controversy 36

Nynex 222

OECD Jobs Study 138

off-budget 24, 29

Ohio 119

oil companies 174

oligopolies 123

OPEC 144, 152, 173-175

Packwood, Sen. Bob 52

Pepsico 220

per capita personal income 13

Perot, Ross 26, 231, 238

Pfizer 208

pharmaceutical companies 123

pharmacy benefit management 123

Philip Morris 208, 209, 220

Phillips curve 150, 152

Phillips, Kevin 46, 253, 256, 257

Pinochet, Gen. Augusto 126, 153, 154, 161

pollution 8, 100, 109, 238, 239

prisons 112

Private Securities Litigation Reform Act of 1995 205

privatization 86, 110, 113, 116, 118, 120, 125, 126, 127, 130

Public Choice movement 8, 151

public schools 116

radio 97, 104

railroads 93, 110, 212

rational expectations 153

Reagan, Pres. Ronald 17, 18, 25, 45, 49, 53, 95, 97, 99, 145, 151, 179, 216

Reaganomics 19, 151

Reciprocal Trade Agreements 230

Reich, Robert 26, 27, 30, 43, 140

Resolution Trust Corp 180

Ricardo 227

RJR-Nabisco 19, 113

Robinson-Patman Act 215

Rockefeller, David 199

Rockefeller, John D. 212, 213

Rockefeller, Nelson 87

Roosevelt, Pres. Franklin D. 25, 70, 95, 143, 230, 260

Roosevelt, Theodore 213

Rostenkowski, Rep. Daniel 52

Royal Dutch-Shell 203

Sabo, Rep. Marty 26

Sanders-Frank Amendment 188

savings 20, 59

savings and loans 30, 120, 176-183

savings banks 176

Say's Law 141

second mortgages 169

Securities and Exchange Commission (SEC) 96, 213

Shad, John 96

Shah of Iran 133

share of income tax 56

Shell 203

Sherman Antitrust Act 213, 215

shopping malls 226

shrimp 241

Silverado 181

Sinclair Broadcasting 222

Single-Tax Movement 227

slamming 107

small firms 245

Smith, Adam 8, 206, 212, 230

Smoot-Hawley Tariff Act 230

Social Security 24, 27, 34, 111, 114, 125, 126

socialized medicine 130

Soros, George 82, 247

South Carolina 90

South Korea 195-196

Southern Pacific Railroad 207

Soviet Union 128, 199

spin-off 219

sports franchise 91

stagflation 150, 152

Standard Oil 213

state government 87

stockholders 203

Stockman, David 19, 21

structural adjustment 186, 189, 193

subsidies 90

supply side 21, 59, 151

Supreme Court 26, 93, 143, 253, 255

Sweden 84

Taft, Pres. William H. 214

Taft-Hartley Act 145

Taiwan 241

takings 102

tariffs 229, 237

tax breaks 178, 187

tax cuts 46

tax incentives 124, 182

tax incidence 67

tax reform 49

tax simplification 53, 54, 65, 76

technology 148

Telecommunications Reform Act 103-104, 221

telephone 106

television 97, 103, 105, 221, 252

Tenet 223

Tennessee 90

Thailand 189

Thatcher, Margaret 21, 110, 151, 161

Thayer, F.C. 33

think tanks 74, 75, 113

Thrift Savings Plan 37

Thurow, Lester 3, 21, 35, 81, 138, 145, 155, 159, 251, 258

Time-Warner 222

tobacco 241

Tobin, James 3, 11, 21, 31

Toffler, Alvin and Heidi 245, 251, 259trade associations 166

trade deficit 229

transitional rules 54, 65

Trilateral Commission 198

trucking 95

trust funds 28, 35, 125

tuna 241

turtles 241

Twentieth Century Fox 221

U.S. Chamber of Commerce 208

U.S. Steel Corporation 214

unemployment 15, 20, 31, 48, 138, 140, 145, 152, 154, 161, 162, 163, 185

unified budget 28, 40

Union Pacific 219

United Nations 185, 258

United Parcel Service 103

United States Postal Service 124

universal health care 134

value added tax (VAT) 74

ValuJet 94

Vanderbilt, Cornelius 212

Vernon Savings 182

Volcker, Paul 152, 158, 174, 175

voodoo economics 151

Wackenhut 112

waste 41


wealth, concentration of 82

welfare 39

Wells Fargo 219

Westinghouse 221

Whitewater 181

World Bank 147, 161, 184-187,

189-196, 238, 258

world government 259

World Trade Organization (WTO) 240, 258

WPA 140, 143






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