In this essay based on a popular lecture, Foundation for Economic Education President Lawrence W. Reed debunks this conventional view and traces the central role that poor government policy played in fostering this legendary catastrophe. Lawrence W. ("Larry") Reed became president of the Foundation for Economic Education (FEE) in 2008. Prior to becoming FEE's president, he served for twenty years as president of the Mackinac Center for Public Policy in Midland, Michigan. He also taught economics full-time from 1977 to 1984 at Northwood University in Michigan and chaired its Department of Economics from 1982 to 1984. A champion for liberty, Reed has authored over 1,000 newspaper columns and articles, dozens of articles in magazines and journals in the United States and abroad. The Foundation for Economic Education (FEE) is the premier source for understanding the humane values of a free society, and the economic, legal, and ethical principles that make it possible. At FEE, you’ll be connected with people worldwide who share those values and are inspired by the dynamic ideas of free association, free markets, and a diverse civil society. Explore freedom’s limitless possibilities through seminars, classroom resources, social media, and daily content at FEE.org. Learn how your creativity and initiative can result in a prosperous and flourishing life for yourself and the global community. Whether you are just beginning to explore entrepreneurship, economics, or creating value for others or are mentoring others on their journeys, FEE has everything you need. FEE is supported by voluntary, tax-deductible contributions from individuals, foundations, and businesses who believe that it is vital to cultivate a deep appreciation in every generation for individual liberty, personal character, and a free economy. Supporters  receive a subscription to FEE's flagship magazine, the Freeman, also available at FEE.org.

    “How long had this been going on?” she wondered, on behalf of the rest of the nation. “Was it something that we said?”The more she looked at Texas, the more she realized it was at the heart of the American political story. The Tea Party had Texas roots, with its passion for states’ rights and sense of persecution by an overreaching Washington. But Texas also seemed to be running the federal government it despised. Through its vigorous support of banking deregulation, which began with the savings and loan crisis of the 1980s and ended calamitously with the Wall Street crash of 2008, Texas’s boot prints were deep. In education, Texas had managed both to be the model for the wildly influential No Child Left Behind law and to provide some of the loudest political voices calling for the law to be trashed. In energy, Texas was the heart of the drill-baby-drill movement and the war against the whole concept of global warming.Collins brilliantly frames this national movement through the outsized behavior and inimitable swagger of some of Texas’s most colorful and influential political figures, from former House of Representatives Majority Leader Tom DeLay, who got into politics when the EPA banned his favorite fire ant repellent, to Perry himself, who when confronted with the fact that his state had the country’s third-highest teen pregnancy rate, defended its abstinence-only sex education policy by doggedly asserting, “I’m just going to tell you from my own personal life. Abstinence works.”Digging beneath the veneer of cowboy hats, oil derricks, and Alamo cries, Collins has produced a profoundly original work demonstrating that much of what ails America was first birthed in Texas. Like it or not, as Texas goes, so goes the nation.

    Congress tried, and failed, to restore the American economy and set it on a course to fiscal stability. Woodward pierces the secretive world of Washington policymaking once again, with a close-up story crafted from meeting notes, documents, working papers, and interviews with key players, including President Obama and House Speaker John Boehner. Woodward lays bare the broken relationship between President Obama and the Congress.In a new afterword, What Is Really Happening in Washington’s Economic Wars, Woodward details the further negotiations after Obama’s reelection, when he and Congress faced the fiscal cliff only to end in a perilous stalemate.

    Grunwald’s meticulous reporting shows how the stimulus, though reviled on the right and the left, helped prevent a depression while jump-starting the president’s agenda for lasting change. As ambitious and far-reaching as FDR’s New Deal, the Recovery Act is a down payment on the nation’s economic and environmental future, the purest distillation of change in the Obama era. The stimulus has launched a transition to a clean-energy economy, doubled our renewable power, and financed unprecedented investments in energy efficiency, a smarter grid, electric cars, advanced biofuels, and green manufacturing. It is computerizing America’s pen-and-paper medical system. Its Race to the Top is the boldest education reform in U.S. history. It has put in place the biggest middle-class tax cuts in a generation, the largest research investments ever, and the most extensive infrastructure investments since Eisenhower’s interstate highway system. It includes the largest expansion of antipoverty programs since the Great Society, lifting millions of Americans above the poverty line, reducing homelessness, and modernizing unemployment insurance. Like the first New Deal, Obama’s stimulus has created legacies that last: the world’s largest wind and solar projects, a new battery industry, a fledgling high-speed rail network, and the world’s highest-speed Internet network. Michael Grunwald goes behind the scenes—sitting in on cabinet meetings, as well as recounting the secret strategy sessions where Republicans devised their resistance to Obama—to show how the stimulus was born, how it fueled a resurgence on the right, and how it is changing America. The New New Deal shatters the conventional Washington narrative and it will redefine the way Obama’s first term is perceived.

    Pop culture exploded in upheaval with the rise of artists like Jasper Johns, Norman Mailer, Allen Ginsberg, and Miles Davis. Court rulings unshackled previously banned books. Political power broadened with the onset of Civil Rights laws and protests. The sexual and feminist revolutions took their first steps with the birth control pill. America entered the war in Vietnam, and a new style in superpower diplomacy took hold. The invention of the microchip and the Space Race put a new twist on the frontier myth.Vividly chronicles 1959 as a vital, overlooked year that set the world as we know it in motion, spearheading immense political, scientific, and cultural changeStrong critical acclaim: "Energetic and engaging" (Washington Post); "Immensely enjoyable . . . a first-rate book" (New Yorker); "Lively and filled with often funny anecdotes" (Publishers Weekly)Draws fascinating parallels between the country in 1959 and todayDrawing fascinating parallels between the country in 1959 and today, Kaplan offers a smart, cogent, and deeply researched take on a vital, overlooked period in American history.

    Now, he dismantles the most sacred of them all: the notion that government action is the best way to solve a problem. From the myth that government can spend its way out of a crisis to the mistaken belief that labor unions protect workers, Stossel, a true libertarian, provides evidence that the reality is very different from what intuition tells us. His evidence leads to the taboo conclusions that: ·      Government already dominates health care—and that’s the problem·      The state keeps banning foods, but food bans don't make us healthier·      Government-run schools and teachers’ unions haven’t made kids smarterUtilizing his three decades in journalism, Stossel combines sharp insights, common sense, and documented facts to debunk conventional wisdom and challenge popular opinion about the role of our nation’s government.

    It is our turn," writes Conrad Black in this scintillating manifesto for how Canada can achieve an exalted role in world affairs. For over 400 years we have toiled in the shadows of our potential and achieved an indifferent recognition among other nations. Chipper, patient, and courteous, we have pursued an improbable destiny as a splendid nation in the northern section of the new world, a demi-continent of relatively good and ably self-governing people, but most would agree we have neither developed a vivid national personality nor realized our true potential. Our main chance, writes Black, is now before us and it is not in the usual realms of military or economic dominance. With the rest of the West engaged in a sterile and platitudinous left-right tug of war, Canada has the opportunity to lead the advanced world to its next stage of development in the arts of government. By transforming itself into a controlled and sensible public policy laboratory, it can forge new solutions to the tiresome problems besetting welfare, education, health care, foreign policy, and other governmental sectors the world over, and make an enormous contribution to the welfare of mankind. Canada has no excuse not to lead in this field, argues Black, who offers nineteen visionary policy proposals of his own. "This is the destiny, and the vocation, Canada could have, not in the next century, but in the next five years of imaginative government.

    

    . . and beyond! [Democracy] is based on propositions that are palpably not true

    Pulitzer Prize-winning Washington Post reporter Barton Gellman parts the curtains of secrecy to show how Cheney operated, why, and what he wrought.Angler, Gellman’s embargoed and highly explosive book, is a work of careful, concrete, and original reporting backed by hundreds of interviews with close Cheney allies as well as rivals, many speaking candidly on the record for the first time. On the signature issues of war and peace, Angler takes readers behind the scenes as Cheney maneuvers for dominance on what he calls the iron issues from Iraq, Iran, and North Korea to executive supremacy, interrogation of Al Qaeda suspects, and domestic espionage. Gellman explores the behind-the- scenes story of Cheney’s tremendous influence on foreign policy, exposing how he misled the four ranking members of Congress with faulty intelligence on Iraqi weapons of mass destruction, how he derailed Bush from venturing into Israeli- Palestinian peace talks for nearly five years, and how his policy left North Korea and Iran free to make major advances in their nuclear programs.Domestically, Gellman details Cheney’s role as “super Chief of Staff ”, enforcer of conservative orthodoxy; gatekeeper of Supreme Court nominees; referee of Cabinet turf; editor of tax and budget laws; and regulator in chief of the administration’s environment policy. We watch as Cheney, the ultimate Washington insider, leverages his influence within the Bush administration in order to implement his policy goals. Gellman’s discoveries will surprise even the most astute students of political science.Above all, Angler is a study of the inner workings of the Bush administration and the vice president’s central role as the administration’s canniest power player. Gellman exposes the mechanics of Cheney’s largely successful post-September 11 campaign to win unchecked power for the commander in chief, and reflects upon, and perhaps changes, the legacy that Cheney—and the Bush administration as a whole—will leave as they exit office.

    In the wake of the Fail Decade, Americans have historically low levels of trust in their institutions; the social contract between ordinary citizens and elites lies in tatters.How did we get here? With Twilight of the Elites, Christopher Hayes offers a radically novel answer. Since the 1960s, as the meritocracy elevated a more diverse group of men and women into power, they learned to embrace the accelerating inequality that had placed them near the very top. Their ascension heightened social distance and spawned a new American elite--one more prone to failure and corruption than any that came before it.Mixing deft political analysis, timely social commentary, and deep historical understanding, Twilight of the Elites describes how the society we have come to inhabit – utterly forgiving at the top and relentlessly punitive at the bottom – produces leaders who are out of touch with the people they have been trusted to govern. Hayes argues that the public's failure to trust the federal government, corporate America, and the media has led to a crisis of authority that threatens to engulf not just our politics but our day-to-day lives.Upending well-worn ideological and partisan categories, Hayes entirely reorients our perspective on our times. Twilight of the Elites is the defining work of social criticism for the post-bailout age.

    The finger-on-the-button tension that had defined a generation was over, and it seemed that peace was at hand. The next twelve years rolled by in a haze of self-congratulation— what some now call a "holiday from history. "When that complacency shattered on September 11, 2001, setting the U.S. on a new and contentious path, confused Americans asked themselves: How did we get here?In America Between The Wars, Derek Chollet and James Goldgeier examine how the decisions and debates of the years between the fall of the Wall on 11/9 and the collapse of the Twin Towers on 9/11 shaped the events, arguments, and politics of the world we live in today. Reflecting the authors' deep expertise and broad access to key players across the political spectrum, this book tells the story of a generation of leaders grappling with a moment of dramatic transformation—changing how we should think about the recent past, and uncovering important lessons for the future.

    The term "Liberty" is so commonly used in our country that it has become a mere cliche. But do we know what it means? What it promises? How it factors into our daily lives? And most importantly, can we recognize tyranny when it is sold to us disguised as a form of liberty? Dr. Paul writes that to believe in liberty is not to believe in any particular social and economic outcome. It is to trust in the spontaneous order that emerges when the state does not intervene in human volition and human cooperation. It permits people to work out their problems for themselves, build lives for themselves, take risks and accept responsibility for the results, and make their own decisions. It is the seed of America. This is a comprehensive guide to Dr. Paul's position on fifty of the most important issues of our times, from Abortion to Zionism. Accessible, easy to digest, and fearless in its discussion of controversial topics, Liberty Defined sheds new light on a word that is losing its shape.

    In his usual “go for the jugular” style, Stone collaborates with Saint John Hunt—author, musician, and son of legendary CIA operative E. Howard Hunt—to make this a “no-holds-barred” history of the Bush family.The authors reveal Jeb to be a smug, entitled autocrat who both uses and hides behind his famous name as he mingles with international drug peddlers. They show how Jeb: Received a $4 million taxpayer bailout when his daddy was Vice President Used his insider status to make millions from Obamacare Avoided criminal prosecution on a fraudulent Federal loan Hypocritically supports the War on Drugs, despite his own shocking drug historyAfter detailing the vast litany of Jeb’s misdeeds, Stone travels back to Samuel, Prescott, George H. W., and George W. Bush to weave an epic story of privilege, greed, corruption, drug profiteering, assassination, and lies. Jeb and the Bush Crime Family will have you asking, “Why aren't these people in prison?”

    Although they do not represent a majority of Americans—and will not for the foreseeable future—today’s Republican senators possess the power to block most legislation. Once known as “the world’s greatest deliberative body,” the Senate has become one of the greatest threats to our democracy. How did this happen?In Kill Switch, Senate insider Adam Jentleson contends that far from reflecting the Framers’ vision, the Senate has been transformed over the decades by a tenacious minority of white conservatives. From John Calhoun in the mid-1800s to Mitch McConnell in the 2010s, their primary weapon has been the filibuster, or the requirement that most legislation secure the support of a supermajority of senators. Yet, as Jentleson reveals, the filibuster was not a feature of the original Senate and, in allowing a determined minority to gridlock the federal government, runs utterly counter to the Framers’ intent.For much of its history, the filibuster was used primarily to prevent civil rights legislation from becoming law. But more recently, Republicans have refined it into a tool for imposing their will on all issues, wielding it to thwart an increasingly progressive American majority represented by Barack Obama’s agenda and appointees. Under Donald Trump, McConnell merged the filibuster with rigid leadership structures initially forged by Lyndon Johnson, in the process surrendering the Senate’s independence and centrality, as infamously shown by its acquiescence in Trump’s impeachment trial. The result is a failed institution and a crippled democracy.Taking us into the Capitol Hill backrooms where the institution’s decline is most evident, Jentleson shows that many of the greatest challenges of our era—partisan polarization, dark money, a media culture built on manufactured outrage—converge within the Senate. Even as he charts the larger forces that have shaped the institution where he served, Jentleson offers incisive portraits of the powerful senators who laid the foundation for the modern Senate, from Calhoun to McConnell to LBJ’s mentor, Richard Russell, to the unapologetic racist Jesse Helms.An essential, revelatory investigation, Kill Switch ultimately makes clear that unless we immediately and drastically reform the Senate’s rules and practices—starting with reforming the filibuster—we face the prospect of permanent minority rule in America.