Guest: Benjamin Powell 

https://soundcloud.com/ksfg-fm/080119-nick-reed-socialism-sucks-two-economists-drink-their-way-through-the-unfree-world

About the author: 

Benjamin Powell is the director of the Free Market Institute and a professor of economics in the Rawls College of Business Administration at Texas Tech University. He is the author or editor of five books and the author of more than 75 scholarly articles and policy studies. His research findings have been reported in more than 100 popular press outlets, including The Wall Street Journal and The New York Times. His popular writing has appeared in Investor’s Business Daily, The Financial Times (London), the Christian Science Monitor, and many large city newspapers. He has appeared on numerous radio and television outlets, including CNN, MSNBC, Showtime, CNBC, and he was a regular guest commentator on FOX Business Network’s Stossel and Freedom Watch.

About the book: 

Do We Have to Say It Again? Socialism Sucks!

Apparently we do. Because today millions of Americans—young and old—are flocking to the socialist banner and chanting, “What do we want? Socialism—the economic system that has impoverished people everywhere and resulted in the deaths of tens of millions! And when do we want it? Now!” Really?

Most people seem somehow to have missed Economics 101 and don’t understand that socialism isn’t nice, cuddly government that takes care of everything for you so that you can remain an adolescent forever. No, we’ve seen it tried over and over again with catastrophic consequences.

Luckily, two semi-sober economists have toured the socialist world so you don’t have to. And they’ve come back with this stunning report: Socialism Sucks!

Irreverent but honest economists Robert Lawson and Benjamin Powell have all the data—and even more important, the firsthand global experience—to affirm that socialism fails to deliver on any of the utopian promises it makes and instead is very bad for your economic (and other) health. This is a book that every American who values freedom and sound economics (and good beer) needs to read.

 

This ABC Books author of the week was featured on KSGF Mornings with Nick Reed on Thursday, August 1, 2019.