Jul 31, 2020
Today the idea of social democracy is popular in our country. The term socialism has taken on a glow. In the 1960s, socialism was also popular, as was its compromise, social democracy. Social democratic principles were the basis of Lyndon Johnson's Great Society. In Great Society, Amity Shlaes shows that planning policy implemented in the name of the collective hurt both the nation and the individual. The result of our collective projects was a new Silent Majority. Former Fed chairman Alan Greenspan has called the book "accurate history that reads like a novel."