Monday, October 19th, 2009
- 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.
- 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.
- No nation has ever turned to the printing press with desired results.
- The two biggest expenses for business are payroll and taxes. If the government raises taxes – then businesses will cut their payroll.
- 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.
Tags: cap and trade, free trade, great depression, health care, public policy, stable currency
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David R. Breuhan is a Bloomfield Hills, Michigan based money manager who specializes in the management of corporate retirement plans and asset management for high net worth individuals. He received his Bachelor of Science from the United States Military Academy at West Point and was graduated with high distinction from Walsh College being awarded a Master of Science in Finance.