This, simple to read book, is pure gold. I can not wait to read it's companion book titled, "Crony Capitalism"Here, Lewis shows us that true capitalism is not only the best economic model for any society, it is the only model. In America we have never truly tried pure capitalism. Because of Government intervention our economy always suffers. Inflation, higher taxes, government corruption - that is the norm in today’s America.
The author’s premise is that free prices (without government intervention) are not only an indicator of the health of our economy, it is it's very life blood. Prices show us what jobs are important, what products are no longer needed, what the future holds.
When we have government intervention, whether it is through printing money, raising / lowering interest rates, or capping prices, we have a group of men and women who think they know better that the collective desires of the rest of the country.
How can a few elected and unelected officials have enough knowledge to guide the economy with all of it's intricacies? They can not. All they do is make things worse. But they are too arrogant to admit that they can not even balance their own check books, let alone the government budget. The unintended consistences of their policies cost us billions more in taxes and inflation than if they would have just stayed on permanent vacation and let the free market work.
The reason I personally do not believe it is a government conspiracy is that I do not believe there is enough intelligence in Washington to pull off a conspiracy. Their ignorance, not their intelligence, is the cause of this mess.
Back to the book review. This is one awesome book. I would like to buy a few extra copies just to give out to friends - both Democrats and Republicans.
I highly recommend this book to everyone breathing. I can rap up this review in three words - READ IT NOW!
I give it 5 out of 5 stars.
I received this book, free of charge, from AC2 Books and Netgalley in exchange for an honest review.
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