What are some of the main lessons you want people to learn from this book?

  1. Readers will be able to differentiate between what has and what has not worked in economics and public policy throughout history. I explain the effects of the Great Depression and how it relates to our financial crisis today.
  2. Understand that protectionism hurts everyone. It creates shortages and increases prices. Historically, when then goods can’t cross borders armies will. Free trade means peace: you don’t wage war on your customers.
  3. No nation has ever turned to the printing press with desired results.
  4. The two biggest expenses for business are payroll and taxes. If the government raises taxes – then businesses will cut their payroll.
  5. Health care, tariffs, Cap and Trade and  increased taxes is the recipe for a jobless recovery; just like the Great Depression. The New Deal failed, this book proves it.

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