This is a treatise about the tolerated destruction of our natural economy by a Congress that will do anything to sustain a Congressional career. The House represents a vast number of political lobbies that seek to inhibit their competition in private enterprise. So too does the Senate. Lobbies fund incumbent reelection campaigns. But curtailing competitive enterprise creates immense economic problems. Their creators in the Congress not only blame private enterprise for their origin, they pretend that they can solve them.
How many know that an economy cannot overheat? How many know that progressive taxes on earned income are shifted to consumers by supply and demand? How many know that employers make no real contribution to social security? How many know that monopolies require political support? How many know that labor unions made wage gaps, minimum wages, and unemployment inevitable by hogging unearned shares of the aggregate wage? How many now that recessions and depression arise from political interference with the natural distribution of wages?
The role of politics in creating the twentieth century economic disasters is revealed. Clear and compelling economic explanations tell how it happened. Political motives reveal why it happened. The assertions are not taken from economic texts. They cannot be found there.
The betrayal of trust by the United States Congress reflects a global conflict between socialists who would pull down others to raise themselves in a political tyranny, and men of integrity who must pull up others to raise themselves in free enterprise. Free enterprise is unarmed.
How many know that an economy cannot overheat? How many know that progressive taxes on earned income are shifted to consumers by supply and demand? How many know that employers make no real contribution to social security? How many know that monopolies require political support? How many know that labor unions made wage gaps, minimum wages, and unemployment inevitable by hogging unearned shares of the aggregate wage? How many now that recessions and depression arise from political interference with the natural distribution of wages?
The role of politics in creating the twentieth century economic disasters is revealed. Clear and compelling economic explanations tell how it happened. Political motives reveal why it happened. The assertions are not taken from economic texts. They cannot be found there.
The betrayal of trust by the United States Congress reflects a global conflict between socialists who would pull down others to raise themselves in a political tyranny, and men of integrity who must pull up others to raise themselves in free enterprise. Free enterprise is unarmed.
