Terrible 10 : A Century of Economic Folly.

By: Abrams, Burton AMaterial type: TextTextPublisher: Oakland : Independent Institute, 2013Copyright date: ©2013Description: 1 online resource (210 pages)Content type: text Media type: computer Carrier type: online resourceISBN: 9781598131444Subject(s): United States -- Economic conditions -- 20th century | United States -- Economic policy -- 20th century | United States -- Politics and government -- 20th century | United States -- Social conditions -- 20th centuryGenre/Form: Electronic books.Additional physical formats: Print version:: Terrible 10 : A Century of Economic FollyDDC classification: 330.973/091 LOC classification: HC106 -- .A334 2013ebOnline resources: Click to View
Contents:
Cover -- Title Page -- Copyright Page -- Table of Contents -- Dedication Page -- Acknowledgments -- Introduction -- 1. Prohibition: The War on Booze -- 2. Monetary Policy During the Great Depression: How to Turn a Recession into a Depression -- 3. The Hawley-Smoot Act: Holy Smoke, we Started a Trade War! -- 4. Social Security: America's Greatest Ponzi Scheme? -- 5. Tax Follies: The 91-Percent Solution -- 6. Medicare and Medicaid: Unsustainable Promises -- 7. The Nixon-Burns Political Business Cycle: How to Create a Decade of Inflation -- 8. Environmental Mismanagement: How to Make a River Burn and Other Magic Tricks -- 9. Government Failure and the Great Recession: Turning the American Dream into a Nightmare -- 10. Decades of Deficits: The Real Red Menace -- Epilogue: Can Government Governance be Improved? -- References -- Index -- About the Author -- Back Cover.
Summary: The U.S. economy made impressive gains in the 20th century, but this progress makes it easy to forget a harsh reality: Americans were the victims of disastrous government policies that cost trillions of dollars in wasted resources, created mass unemployment, and kept millions of people in poverty who otherwise would have participated in the nation's growing prosperity. A complete dissection of the 10 most egregious economic blunders of the past century, this work provides the key lessons to help in avoiding such policy mistakes in the future. The Terrible 10 notes that, unlike the private sector, when the governance of the federal government fails, the role and scope of government is usually increased and that politicians from both parties tend to favor short-run benefits for friends while imposing costs on current and later generations. With issues and blame divided equally among Democrats and Republicans, this work stands as a highly readable history of how government economic blunders affect everyone.
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Cover -- Title Page -- Copyright Page -- Table of Contents -- Dedication Page -- Acknowledgments -- Introduction -- 1. Prohibition: The War on Booze -- 2. Monetary Policy During the Great Depression: How to Turn a Recession into a Depression -- 3. The Hawley-Smoot Act: Holy Smoke, we Started a Trade War! -- 4. Social Security: America's Greatest Ponzi Scheme? -- 5. Tax Follies: The 91-Percent Solution -- 6. Medicare and Medicaid: Unsustainable Promises -- 7. The Nixon-Burns Political Business Cycle: How to Create a Decade of Inflation -- 8. Environmental Mismanagement: How to Make a River Burn and Other Magic Tricks -- 9. Government Failure and the Great Recession: Turning the American Dream into a Nightmare -- 10. Decades of Deficits: The Real Red Menace -- Epilogue: Can Government Governance be Improved? -- References -- Index -- About the Author -- Back Cover.

The U.S. economy made impressive gains in the 20th century, but this progress makes it easy to forget a harsh reality: Americans were the victims of disastrous government policies that cost trillions of dollars in wasted resources, created mass unemployment, and kept millions of people in poverty who otherwise would have participated in the nation's growing prosperity. A complete dissection of the 10 most egregious economic blunders of the past century, this work provides the key lessons to help in avoiding such policy mistakes in the future. The Terrible 10 notes that, unlike the private sector, when the governance of the federal government fails, the role and scope of government is usually increased and that politicians from both parties tend to favor short-run benefits for friends while imposing costs on current and later generations. With issues and blame divided equally among Democrats and Republicans, this work stands as a highly readable history of how government economic blunders affect everyone.

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Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2018. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries.

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