The decline of America's institutions, and the related rise in red tape that hinders business, may spell the nation's economic doom. Harvard's Niall Ferguson talks to WSJ's Charles Forelle about the theory outlined in his new book The Great Degeneration (Penguin Press, 174 pages, $26.95):
On June 20th, George Melloan reviewed Ferguson book in the Journal. Melloan characterizes it as a jeremiad, but warns, "Doomsayers are never popular, but sometimes they're right."
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