Before we can fix our economic problems, we must first diagnose what is causing them.
Many of our political and intellectual leaders call for more government intervention to fix the economy. They tell us that it creates jobs, corrects "market failures", and boosts economic growth. And they insist that we need such intervention to help the poor, to coddle the consumer, and to protect the worker.
But they're dead wrong. Government intervention is not the solution to our economic problems; it's the cause.
Bankrupting America: How Government Intervention Is Wrecking the Economy analyzes all the major categories of government intervention in the economy - from taxes, deficits, antitrust, and price controls to regulation, protectionism, central banking, and wealth redistribution.
In this book, you'll find out:
Why protectionist policies such as tariffs destroy more jobs than they save
Why the antitrust laws penalize the most productive, successful companies
Why price controls cause shortages
Why the minimum wage increases unemployment
Why regulation stifles productivity
Why high taxes, chronic deficits, and excessive government debt hinder economic growth
Why government-provided services cost twice as much as those provided by the private sector
Why private charity is more effective than government welfare
Why the Federal Reserve's manipulation of interest rates exacerbates the business cycle
Why government "stimulus" spending during a recession does not accelerate a recovery
And much more
Backed by numerous academic studies and sound economic logic, the conclusion is incontestable: Government intervention simply doesn't work. It stifles saving, investment, and capital accumulation. All of this translates to higher unemployment, higher consumer prices, and lower economic growth. To fix the American economy, we need much less government intervention, not more.
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