Diana Furchtgott-Roth has written a public policy primer for millennial voters, demonstrating that many of the traditional economic prescriptions of the Left are adverse to the prospects and interests of younger workers and detrimental to national growth. With superb analysis (the author is a respected free market economist), this book explores how many current entitlement programs and labor market regulations disadvantage the new generation seeking access to the American Dream. While many of the ideas elegantly expressed here will fly in the face of popular convention, this powerful book will play a catalytic role in turning the thinking of many millennial voters on their head.
This book undertakes the long overdue task of redefining intergenerational equity and challenging citizens across the political spectrum to reexamine their core assumptions about economic policy. With analytical rigour, it challenges the reader to explore who bears the cost and who will reap the benefits of the status quo- and in the process make a compelling case fairness through programmatic reform and free markets.
I recommend this book to all working voters under 30, and all but the most hidebound socialists and pallid mugwumps- and the latter should read it to glimpse what they are missing in understanding the challenge facing the next generation.
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Disinherited: How Washington Is Betraying America's Young Hardcover – Illustrated, May 12, 2015
by
Diana Furchtgott-Roth
(Author),
Jared Meyer
(Author)
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Tens of millions of Americans are between the ages of 18 and 30. These Americans, known as millennials, are, or soon will be, entering the workforce. For them, achieving success will be more difficult than it was for young people in the past.
This is not because they are less intelligent, they have worked less hard, or they are any less deserving of the American dream. It is because Washington made decisions that render their lives more difficult than those of their parents or grandparents. Their younger siblings and their children will be even worse off, all because Washington has refused to fix the problem.
This book describes the personal stories of several members of this disinherited generation. Their experiences are not unique. It is impossible to hear these stories and not understand that holding back a nation’s young is the antithesis of fairness and no way to make economic or social progress.
Their stories are an indictment of America’s treatment of its young. A nation that prides itself on its future has mortgaged it. A nation that historically took pride in its youth culture has become a nation that steals from its young. People who should have fulfilling, productive lives are sidelined, unemployed, or underemployed.
Meanwhile, America expects millennials and others of the disinherited generation to pay higher taxes for government programs that benefit middle-aged and older Americans, many of whom have better jobs and more assets.
It is time someone told the full story of the crisis facing America’s young. The future of America can be saved, but only if our government’s betrayal comes to an end. It is a war without victors, only victims. The birthright of the America’s young must be restored, and the time to do so is now. This book explains how.
This is not because they are less intelligent, they have worked less hard, or they are any less deserving of the American dream. It is because Washington made decisions that render their lives more difficult than those of their parents or grandparents. Their younger siblings and their children will be even worse off, all because Washington has refused to fix the problem.
This book describes the personal stories of several members of this disinherited generation. Their experiences are not unique. It is impossible to hear these stories and not understand that holding back a nation’s young is the antithesis of fairness and no way to make economic or social progress.
Their stories are an indictment of America’s treatment of its young. A nation that prides itself on its future has mortgaged it. A nation that historically took pride in its youth culture has become a nation that steals from its young. People who should have fulfilling, productive lives are sidelined, unemployed, or underemployed.
Meanwhile, America expects millennials and others of the disinherited generation to pay higher taxes for government programs that benefit middle-aged and older Americans, many of whom have better jobs and more assets.
It is time someone told the full story of the crisis facing America’s young. The future of America can be saved, but only if our government’s betrayal comes to an end. It is a war without victors, only victims. The birthright of the America’s young must be restored, and the time to do so is now. This book explains how.
- Print length152 pages
- LanguageEnglish
- PublisherEncounter Books
- Publication dateMay 12, 2015
- Dimensions6.1 x 0.9 x 9.1 inches
- ISBN-109781594038099
- ISBN-13978-1594038099
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About the Author
Diana Furchtgott-Roth, former chief economist of the U.S. Department of Labor, is director of Economics21 and senior fellow at the Manhattan Institute for Policy Research. She has served in the White House as chief of staff of the Council of Economic Advisers under President George W. Bush, as deputy executive secretary of the Domestic Policy Council under President George H. W. Bush, and as an economist on President Reagan's Council of Economic Advisers. Ms. Furchtgott-Roth is the author or coauthor of five books, including Women's Figures: An Illustrated Guide to the Economic Progress of Women in America (AEI Press, 2012). She is a columnist for MarketWatch and Tax Notes.
Jared Meyer is a fellow at the Manhattan Institute for Policy Research. His research interests include microeconomic theory and the economic effects of governmental regulations. He explains economic topics through references to popular culture and sports, and has appeared on multiple TV and radio shows, including NPR and the BBC. Mr. Meyer is a regular contributor to Economics21, The Federalist, RealClearEnergy, and City Journal.
Jared Meyer is a fellow at the Manhattan Institute for Policy Research. His research interests include microeconomic theory and the economic effects of governmental regulations. He explains economic topics through references to popular culture and sports, and has appeared on multiple TV and radio shows, including NPR and the BBC. Mr. Meyer is a regular contributor to Economics21, The Federalist, RealClearEnergy, and City Journal.
Product details
- ASIN : 1594038090
- Publisher : Encounter Books; Illustrated edition (May 12, 2015)
- Language : English
- Hardcover : 152 pages
- ISBN-10 : 9781594038099
- ISBN-13 : 978-1594038099
- Item Weight : 13.6 ounces
- Dimensions : 6.1 x 0.9 x 9.1 inches
- Best Sellers Rank: #3,243,274 in Books (See Top 100 in Books)
- #128 in Federal Education Legislation
- #220 in Social Security (Books)
- #2,642 in Economic Policy
- Customer Reviews:
Customer reviews
3.9 out of 5 stars
3.9 out of 5
44 global ratings
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- Reviewed in the United States on August 9, 2015
- Reviewed in the United States on September 28, 2016As a millennial, this book is the first work I have read that accurately describes the frustrations of my generation. It is rare to talk to a millennial about social security or Medicare without hearing their lack of confidence that these programs will be around when they need them. Most millennials have spent their entire lives under a system of government that does not benefit them. From paying into bankrupt retirement programs, attending failing schools, or struggling to find a job, millennials understand that the deck has been stacked against them. However, this book goes much further than just airing common grievances, it actually addresses the cause behind many of these common problems and provides real solutions. This book helps readers understand how to address the problems facing my generation. I recommend this book to any millennial who feels burdened by student loan debt and grim job prospects. It is also an insightful read for parents or grandparents who do not want to leave a legacy of failed government programs for their children or grandchildren.
- Reviewed in the United States on April 15, 2016In many ways, American institutions are rigged against younger people, especially with respect to entitlements, higher education and labor laws. This thin, though thorough, volume examines these topics in a way that is engaging, to the point, and well-sourced. I would recommend it to anyone interested in the future of America's institutions.
- Reviewed in the United States on October 9, 2022Though this book means well, the author points the finger at Washington and not the older generations and economic structure that IS Washington. She criticizes education and social programs but fails to acknowledge that government spending is mostly on the military and defense while our trillions of dollars of debt is from past wars (ex: Vietnam), bailing out huge corporate entities amongst other things. This narrow mindedness has an agenda on government programs but not the ones that need highlighting. The author picks and chooses which facts she wants to focus on while ignoring the bigger picture of government spending. Not to mention, her interviews are during a major economic recession. Of course young people lived at home during this time period.
Her criticism of education is elitist thinking at best. Charter schools and vouchers would only hurt public education removing much needed funding. Rather than providing solutions on helping all students, she wants to focus on helping a few students (ones with vouchers) while hurting the rest. Education needs more government spending, not less. Europe has the best schools thanks to higher taxes, good teacher pay, and less defense spending but she fails to mention things outside of her purview. She also forgets that unions ARE the people. Unions don’t run on their own- they vote on what positions to take.
Her focus on helping youth is misguided. Older generations are to blame, but it’s not social programs or education - it’s military spending, government bailouts, tax breaks for the rich, and corrupt business and monopolies. Hopefully people would think critically about what they read and not just accept such small windows of thought.
- Reviewed in the United States on July 31, 2015As one of the officemates of the authors, I was excited to read Disinherited to see if the authors combination of experience and direct connection to the young adult population would generate solutions to the problems young people face today.
Unfortunately they did not.
Instead the book offers the expected conservative narrative: unions are bad, regulation is bad, government spending is bad.
While I agree with some of the issues as identified-crippling college debt, the need to shift to providing the work force the right skills and not focus on 4 year degrees across the board, and the need for occupational licensing reform amongst them-I can’t stand by much else.
The arguments against a living wage and occupational licensing fall flat at best, and are incorrect at worst. I encourage the authors to apply their wealth of knowledge and creativity to solutions and not simply tow the party line.
- Reviewed in the United States on July 17, 2017was like propaganda I couldn't read it - blah
- Reviewed in the United States on July 21, 2015A must for anyone interested in overseeing education
- Reviewed in the United States on December 16, 2016Very satified

