Popular Economics: What the Rolling Stones, Downton Abbey, and LeBron James Can Teach You about Economics

Popular Economics: What the Rolling Stones, Downton Abbey, and LeBron James Can Teach You about Economics

by John Tamny


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Product Details

ISBN-13: 9781621573371
Publisher: Regnery Publishing
Publication date: 04/13/2015
Pages: 256
Product dimensions: 5.90(w) x 9.10(h) x 1.10(d)

About the Author

John Tamny is the editor of RealClearMarkets and the Political Economy editor at Forbes, where he also has a weekly column. He is a senior director with the Cato Institute and a senior economic advisor to Toreador Research & Trading.

Mr. Tamny frequently writes about tax, trade, and monetary policy issues for a variety of publications, including the Wall Street Journal, Investor’s Business Daily, Financial Times, National Review, and London’s Daily Telegraph. He also recently wrote The End of Work.

As a regular panelist on Fox News’ Forbes on Fox, he has appeared as a financial expert on numerous television shows, including Your World with Neil Cavuto, and CNBC’s Kudlow Report.

Mr. Tamny lives with his wife, Kendall, in Washington, D.C.

Table of Contents

Foreword Steve Forbes xi

Introduction xxi

Part I Taxes

Chapter 1 Taxes Are Nothing More Than a Price Placed on Work 3

Chapter 2 When We Tax Corporations, We Rob Them of Their Future 11

Chapter 3 Government Spending Did Not Create the Internet, and Has Never Created a Job 17

Chapter 4 It's the Spending, Stupid: Budget Deficits Really Don't Matter 25

Chapter 5 Capital Gains Are the Elusive Jackpot That Drive Innovation 33

Chapter 6 The Best Way to Spread the Wealth Around Is to Abolish the Estate Tax 43

Chapter 7 Wealth Inequality Is Beautiful 53

Chapter 8 Savers Are an Economy's Most Valuable Benefactors 69

Chapter 9 Job Creation Requires Perpetual Job Destruction 79

Chapter 10 Conclusion: Bulldoze the U.S. Tax Code 91

Part II Regulation

Chapter 11 Appalachian State Almost Never Beats Michigan, and Government Regulation Almost Never Works 101

Chapter 12 Antitrust Laws: The Neutering of the Near-Term Excellent 117

Chapter 13 Conclusion: Don't Dismiss College Dropouts Delivering Alternative Weeklies 129

Part III Trade

Chapter 14 "Trade Deficits" Are Our Rewards for Going to Work Each Day 135

Chapter 15 Comparative Advantage: Could LeBron James Play in the NFL? 143

Chapter 16 "Outsourcing" Is Great for Workers, and as Old as the Pencil 149

Chapter 17 "Energy Independence" Would Be Economically Crippling: "Global Warming" Is a Crippling Theory 155

Chapter 18 Conclusion: Free Trade Is the Path to Knowledge, Liberty, World Peace, and Big Raises 165

Part IV Money

Chapter 19 A Floating Foot, Minute, and Second Would Give You Ugly Houses, Burnt Wings, and Slow NFL Draft Picks 173

Chapter 20 Do Not Be Fooled by Rising and Falling Computer, Flat Screen, and VHS Prices: They Are Not an Inflation or Deflation Signal 187

Chapter 21 True Inflation Is Currency Devaluation, and It Is a Cruel Blast to the Past 199

Chapter 22 If They Tell You They Predicted the "Financial Crisis," They're Lying 217

Chapter 23 Conclusion: "Do-Nothing" Politicians Deserve a Special Place in Heaven 231

Acknowledgments 241

Notes 251

Index 269

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Popular Economics: What the Rolling Stones, Downton Abbey, and LeBron James Can Teach You about Economics 3 out of 5 based on 0 ratings. 2 reviews.
Anonymous More than 1 year ago
This book was horrible to read. The author was way off to the right politically and it felt the entire book was only focused on bashing the federal government rather than helping people understand economics. There are many schools of thought among economists on how much the federal government should be involved in the economy but this author considers his opinions as being the only explanation for how things work, even if it goes against the grain of what most other economists believe. I'm just glad that I had picked this book up from the local library instead of buying it from the store because it would have only been a waste of money.
Anonymous More than 1 year ago