I chose this book due to our President’s introducing tariffs. Having no training in economics I had lived by studying hard, serving people with my knowledge, spending less than our family made, giving a significant portion to those less fortunate, regretting the government’s imposing ineffective costly regulations, grieving our government’s spending our grand children’s future. So, on reading Bankrupting America I now know how far we have come toward bankruptcy! Speak out, before it is too late.
Michael Dahlen is one of the few people who, understanding what is happening in his country (and many others) is able to write succintly what is happening, why, and how to avoid it. I have read two of his books, and am looking forward to reading the third one in this trilogy. WHAT is happening, WHY, and HOW to get rid of the deleterious effects of big government.
So unfettered capitalism is the answer to America's problems! Give me a break. As another reader comments this is basically Fox News crap. Most importantly, if you read this propaganda, you should make the effort to read other perspectives. Read about what lack of regulation, or lack of enforcing regulations has resulted in. I would point to the environment and the big pharma for starters. Also, research exactly what brought about the 2008 crisis. Despite what Mr. Dahlen would have you believe, these are big, complicated problems to which there is not a simple answer.
Great to see another fellow from the Austrian school talking about how free markets will save the world. Especially in the light of 2008 when following heavily deregulated markets we had global financial institutions creating toxic debt, selling it to their "clients" and then betting against their own assets, because they knew they would eventually fail. Similar to the 70's when we had stagflation and Keynesianism had no answer, the world is at that same crossroads. We now have ample evidence that unfettered big business is not going to create wealth and prosperity for all of us or even most of us. Not content with just bankrupting America the monetarists of the Austrian school want to bankrupt the rest of the world as well.