So What Inspired You To Write Your Book?
by Charles Goyette: I
Was the Last Person To Talk With Jude Wanniski
giving radio and TV interviews across the country this week about
my new book, Red
and Blue and Broke All Over: Restoring America’s Free Economy.
And I’m especially looking forward to being on The
Lew Rockwell’s Show on March 21. Often these conversation begin
with a question like "What made you want to write this book?"
or "What inspired you to write your book?" It’s a logical
place to start. And the answer is:
of the American Dream.
The book is
really about how freedom creates prosperity. It’s something so axiomatic
that it should be among the Truths that Americans hold to be Self-Evident:
Freedom creates Prosperity.
It is a conclusion
that is unavoidable in an examination of the long sweep of history.
It is obvious in looking across national borders. It is even evident
in satellite imagery of the earth. The stark line of light and dark
that divides the Korean peninsula at night is actually the border
that divides the North, plunged into darkness when the sun goes
down, from the South, visible from illumination, and both more free
In our present
economic state, some American cities and towns have been letting
their street lights go dark. But the fading of the American Dream
– for many a dream that consists of home ownership, a secure retirement,
and the certainty of a better future for our children – is not merely
about the latest business cycle. It is about something much more
profound that is happening to us.
designation of recessions and recoveries is so far removed from
the living experience of people in the American economy that it
is utterly useless except to illustrate my point about our declining
prosperity. The board that watches these things says the recession
that came in with the mortgage meltdown in 2007 ended in June 2009.
be a more meaningless statistical abstraction? One in seven Americans,
46 million of our countrymen, are on food stamps. We still suffer
depression-era levels of unemployment. And more than 6 million home
mortgages are going unpaid. And yet, we’re told that the recession
ended almost three years ago?
of the American Dream is captured in a Milken Institute study: Over
last 40 years, the median earnings of men in constant (inflation
adjusted) dollars has declined 12 percent for those with college
degrees. For those with only high school, earnings have fallen an
astonishing 47 percent.
It should not
be surprising that our declining prosperity correlates with neglect
of our freedom. What is surprising is that while billions of people
around the world are getting the boot heel of the state off their
necks, embracing freedom, and becoming more prosperous, Americans
have chosen to go in the opposite direction.
My new book’s
title, Red and Blue and Broke All Over, is intentionally
ambiguous: America is broke. The U.S. government is dependent on
the kindness of strangers in places like China to keep loaning it
money. But the title refers to more than just the insolvency of
the state. It describes both the Red and the Blue parties, for they
are bankrupt as well, intellectually and morally.
on our freedom is a trend that remains in force regardless of the
party in control. Both Red and Blue share the same economic priesthood
(Fed chairman Greenspan was appointed by both Reagan and Clinton;
chairman Bernanke by both Bush and Obama). So even when the
parties change, the real monetary policies that determine our prosperity
remain the same.
American Dream requires more than just singing about the "land
of the free" at baseball games. It requires an understanding
of freedom. The book lays out in clear terms, in terms that you
can even use to explain it to your brother-in-law, why freedom works.
In doing so, it helps answer these questions:
- Why does
government interference in the economy makes us poorer?
- Why does
the government’s central economic planning fail?
- Why is the
government’s constant price meddling a disaster?
- How are
the governing classes and the crony capitalists able to get away
with robbing us to enrich themselves?
- What is
the dollar endgame and what can we do about it?
Once you learn
why freedom creates prosperity and why the state creates poverty,
it becomes clear that only a renewed appreciation for freedom can
lead us out. No new governmental initiative, charismatic candidate,
bipartisan commission, or mechanical solution can help.
At the time
of our founding, the people were aflame in their love for liberty.
They talked about it in their taverns, town squares and churches.
Only if we reignite that flame can we be rid of politicians’ endless
mandates, their central economic planning, and their wealth destroying
crony capitalism, bailout schemes, and monetary deceit.
I wrote the
book to make clear that it is not the choice between the Red party
and the Blue party that matters…
It is the choice
between statism and Freedom.
It is the choice
between poverty and prosperity.
If we chose
Freedom, we can restore the American Dream.
We can have
a future of opportunity, peace, and prosperity.
If we choose
© 2012 Charles Goyette
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