The Politically Incorrect Guide to Capitalism

The Politically Incorrect Guide to Capitalism

eBook - 2007
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Most commonly accepted economic facts are wrong Here's the unvarnished, politically incorrect truth. The liberal media and propagandists masquerading as educators have filled the world ? and deformed public policy ? with politically correct errors about capitalism and economics in general. In The Politically Incorrect Guide? to Capitalism, myth ? busting professor Robert P. Murphy, a scholar and frequent speaker at the Ludwig von Mises Institute, cuts through all their nonsense, shattering liberal myths and fashionable socialist cliches to set the record straight. Murphy starts with a basic explanation of what capitalism really is, and then dives fearlessly into hot topics like: ?Outsourcing (why it's good for Americans) and zoning restrictions (why they're not) ?Why central planning has never worked and never will ?How prices operate in a free market (and why socialist schemes like rent control always backfire) ?How labor unions actually hurt workers more than they help them ?Why increasing the minimum wage is always a bad idea ?Why the free market is the best guard against racism ?How capitalism will save the environment ? and why Communist countries were the most polluted on earth ?Raising taxes: why it is never responsible ?Why no genuine advocate for the downtrodden could endorse the dehumanizing Welfare State ?The single biggest myth underlying the public's support for government regulation of business ?Antitrust suits: usually filed by firms that lose in free competition ?How tariffs and other restrictions protect privileged workers but make other Americans poorer ?The IMF and World Bank: why they don't help poor countries ?Plus: Are you a capitalist pig? Take the quiz and find out! Breezy, witty, but always clear, precise, and elegantly reasoned,The Politically Incorrect Guide? to Capitalism is a solid and entertaining guide to free market economics. With his twelve ? step plan for understanding the free market, Murphy shows why conservatives should resist attempts to socialize America and fight spiritedly for the free market.
Publisher: Washington, DC : Regnery Pub. ; Lanham, MD : Distributed to the trade by National Book Network, [2007], ©2007
ISBN: 9781596986176
9781596985049
Branch Call Number: 330.12 Mu
Description: 1 online resource (xii, 206 pages) : illustrations
Additional Contributors: Freading (Firm)

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ADietrich
Oct 28, 2013

Outstanding content! Unfortunately, the people who most desperately need to understand this stuff are the very folks least likely to read it....

n
naturalist
Oct 03, 2013

from the publisher's website: "From the very start, Regnery has been a major force within the conservative movement."

s
StarGladiator
Sep 09, 2013

[Commenter, EuSei, claims, as does the author, that some sort of free market exists??? Now the SEC, FDIC, and the European Commission, have all sued the top banksters for rigging LIBOR rates, and have investigated and found them guilty of rigging forex, interest rate derivatives rates, and many many other riggings of financial fraud.] Golly! A pure exercise in unadulterated stupidity. We've long suffered "central planning" in America: it's called "Wall Street"! "Outsource" is good for Americans????? Then why don't the outsourcers ever get outsourced? Why don't those corrupt politicians ever have their very own jobs and positions outsourced? Can we possibly have the idiot author of this piece outsourced? Why are Mises freaks all so demented and paranoid? And ignorant and illterate? Just curious....(Actually, this tripe was beyond awful!). Just one question for the author and the deficient commenter below: who owns ExxonMobl, JPMorgan Chase, GE, AT&T, Citigroup?

EuSei Jan 09, 2013

(I thank stargladiator, for his enraged diatribe will likely encourage readers with a modicum of common-sense.) This is a MUST READ for anyone who wants to understand Capitalism. Murphy's "Twelve-Step Plan for Understanding the Free Market" is priceless: 1- Admit that government "solutions" are a problem. 2- Have faith that human being can interact peacefully, and that economic blessings are available for all. 3- Surrender to the fact that certain social ills cannot be eradicated by force or political "will." 4- Ask yourself, "Do I want to advocate self-sufficient and voluntary means, or do I want to look to politicians every time I don't like something?" 5- Survey the past record of governments when it comes to economic "planning" or other alleged improvements. 6- Learn to look for the hidden costs of government intervention, rather than the superficial benefits. 7- Understand the role of market prices, and why tampering with them interferes with the job they have to perform. 8- Study history. Examine whether governments that violated private property rights stayed out of their citizens' other affairs. 9- Before condemning a market outcome as unjust, first understand why it occurs. 10- Study other "spontaneous" social institutions, such as language and science, where no one is "in charge" and yet the outcome is quite orderly. 11- When politicians propose a new program, remember how much they said it would cost at the outset. Compare that number to the actual amount spent. 12- Go through the newspaper and discover how government meddling causes or exacerbates the conflict in virtually every story. NOTICE: Attempts to censor my comments will be fiercely fought under the aegis of American Libraries’ beloved principles: Freedom of Speech, Freedom to Read, Intellectual Freedom.

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