Thomas DiLorenzo

Thus far this book is a better read than the previous book I read. This one has more historical details that need investigating. With the Lincoln paper found in the book Types of Mankind two years ago gives more credence to this book and blasts the brainwashing of public school systems. The truth eventually surfaces. I'm enjoying this book more than Did Lincoln Own Slaves?
This is the book explains what the Civil War was really about, (hint it wasn't about ending slavery). If someone thinks Lincoln was the best president in history this book is a great eye opener for truth. This book also explains the bigotry in the north and the free slave state expansion in the west is not what we think/thought it was in their mind/viewpoint. This book also shows the laws Lincoln broke/ignored during the Civil War to get what he wanted; a more powerful federal government at the expense of many lives.
If one attended a public school you probably received the New England version of history on this time period. It's full of lies and fantasy. If you question and use common sense, then research you'll find the truth. The truth cannot be buried forever. This book is a good start to the truth being uncovered.
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This is an exceptional book. In an episode of kismet, I purchased this book for no other reason than to just read and learn history; I made no coordinated effort to compliment my learning as I began an introductory macroeconomics course. However, not only does this book layout a comprehensive history of capitalism, complimented by some in-depth arguments against government intervention, How Capitalism Saved America dovetails nicely with the terminology and concepts I am learning. Despite my current familiarization with economic theory, one need not be versed in the jargon or advanced practice; this is clearly written to enlighten those at every level of understanding.

Thomas DiLorenzo provides measured and logical arguments against Marxist ideals and anticapitalist's relentless battle against capitalism: the economic model which made America a great nation. There is no doubt left wing call for regulations and intervention by the government are attempts to destroy America's history of free-market individualism and responsibility. What might surprise some readers would be Mr. DiLorenzo's bi-partisanship. Most of the examples he provides as examples of (federal) governmental intervention were often done under administrations of Republicans. Buzz phrases like "leveling the playing field" or "fair competition" should cause alarm in the average citizen or market leading competitor alike. There is a grain of truth to the Left's lamentation of government being for the "big guy," but the outcome usually harms the little guy worse than the perceived "price gouging" or "unfair business practices" they plead the government to regulate!

Perception is everything, and nothing is more pervasive in unintended consequences (or these ill effects may be quite intended). The prevailing perception is that capitalism is ruining our government when there has not been a purely capitalistic market since shortly after our nation's founding. Each "boom" has led to the claims of victimization by "big business;" likewise, each "bust" has garnered the same accusation. In either case more regulation is the typical outcome which only further upsets a free-market and creates worsening problems which are blamed on capitalism.

From federal and state subsidization of roads and canals in the dawn of the 19th century to breaking up so-called "monopolies" (despite market leaders like Standard Oil which had hundreds of competitors bringing down market prices through innovation and efficiency) in the 20th century to present day "milker bills" which urge corporations to hire lobbyists, America has not had a free system of trade based on human nature. Mr DiLorenzo shows the folly of President Hoover's interventions (which President Obama is re-employing to the same effect) and how they brought about the Great Depression. He also compares President Roosevelt's mirror image programs to Mussolini's economic fascism. Think this is revisionist history? Well, Roosevelt's economic adviser wrote a laudatory letter of Mussolini as a preface to a book.

In short, the less capitalism, via overbearing regulations, price controls, stifling competition via government actions, the more it is blamed for unintended consequences (which are either ignored or altogether no predicted) which further harm our economy. As we loose the ability to exercise personal responsibilities, normal market equilibrium mechanisms are thwarted, and contract law and private property rights are weakened to punish successful business, we drift farther away from capitalism to a centralized economy which preformed so well for countries behind the Iron Curtain (ironically, countries environmentalists and human rights advocates elevate above the wretched United States but actually "raped" the land for resources and victimized its citizens in order to create a human free of desires which Adam Smith described in his Invisible Hand theory).… (plus d'informations)

This well reseached and documented book helps to get through the hype of Lincoln as God to the factual Lincoln as man material. What did he say, what did he write, what did he actually believe is often quite different than the legend that has arisen around him. Despite personal prejudices of readers, all that admire or despise Lincoln should read this book so that they have a more even and rounded sense of the society in which he lived shaping the things he believed, did, and said. The man is far more interesting than the myth, and perhaps more falliable. Like most people that were made into popular legends, the legend often lost sight of the real person.… (plus d'informations)