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Nineteenth-century America was the closest thing to pure free-market capitalism that has ever existed. There was no welfare state, no central bank, no deficit spending to speak of, no fiat money, and no income tax for most of the century, and no antitrust laws or federal regulatory agencies until the end of the century. The US Constitution protected individual liberty (with the exception of slavery) and limited the power of government, giving rise to an economy in which people were free to pursue their interests, free to start new businesses, free to create as much wealth as their ability and ambition allowed. This near laissez-faire system led to the wealthiest, most innovative nation ever.
During the 20th century, by contrast, American liberty declined as the size, scope, and power of government exploded. Federal spending, taxes, deficits, and debt have spiraled out of control. The dollar has lost most of its value due to the inflationary policies of the Federal Reserve. Entitlement programs now constitute the majority of the federal budget. And American businesses are hog-tied by mountains of red tape in the Code of Federal Regulations.
Where in our history did we go wrong? How did the American system shift from capitalism to statism, from limited government to big government, from a near free-market economy to a heavily regulated mixed economy? What acts, programs, interventions, and Supreme Court rulings brought America to its present state?
Liberty Lost answers these questions. It surveys the politico-economic history of the US from the founding to the present, showing how the erosion of the Constitution unleashed big government, undermining our liberties and hindering economic progress.
Customer ReviewsMost Helpful
By Jannie Meisberger on 06-25-16
US political/economic evolution explained
Michael Dahlen's opening chapter presents a densely packed summary of the political and economic evolution of the United States. The volume of information could have become overwhelming for listeners to absorb.
Happily, Joe Nagle's narration is calm, clear and easy to listen to. His voice keeps the listener engaged from beginning to end, and makes even the driest and most complicated legislative and Constitutional details understandable, especially to those who do not have a background in the subject but want to know how we got to where we are today.
I'll look forward to hearing Joe Nagle narrate the remaining chapters of Liberty Lost.
1 of 1 people found this review helpful
By Timothy J McKeown on 07-18-16
Is there anything you would change about this book?
How would you have changed the story to make it more enjoyable?
Just a bit more story
Which character – as performed by Joe Nagle – was your favorite?
Could you see Liberty Lost: American Big Government and the Erosion of the U.S. Constitution being made into a movie or a TV series? Who should the stars be?
Any additional comments?
The narrator was great just staying with the story great job Mr. Nagle
0 of 1 people found this review helpful