In this timely new P.I. Guide, Murphy reveals the stark truth: free market failure didn't cause the Great Depression and the New Deal didn't cure it. Shattering myths and politically correct lies, he tells why World War II didn t help the economy or get us out of the Great Depression; why it took FDR to make the Depression Great; and why Herbert Hoover was more like Obama and less like Bush than the liberal media would have you believe. Free-market believers and capitalists everywhere should have this on their bookshelf and in their briefcases.
Participating in the economy is a part of everyday life; yet much of what is commonly accepted as economic fact is wrong. Keynesian schoolteachers and the liberal media have filled the world with politically correct errors that myth-busting professor Robert Murphy sets straight. Murphy explains hot topics like outsourcing (why it's good for Americans) and zoning restrictions (why they're not). Just like the other books in the P.I.G. series, The Politically Incorrect Guide™ to Capitalism pulls no punches. Murphy defends the free market on such sensitive issues as safety regulations, racial discrimination, and child-labor laws, all in a breezy manner that is anything but textbook. From rent control to golden parachutes to where money came from in the first place, The Politically Incorrect Guide™ to Capitalism sets the record straight on everything you thought you knew about economics.