Nicolas Sanchez

This book provides a historical background of the American business cycle, challenges the validity of conventional Keynesian ideology, and presents a bold, alternative theory of how production leads to wealth in our modern economy.The United States is mired in the aftermath of booming economic prosperity, resembling the trouble recently experienced by the Japanese economy due partially to similar Keynesian bailouts and subsidies. Now more than two years into the current financial crisis, Americans are starting to wonder if we can ever escape the consequences of past mistakes. If our "recovery" plan continues along the previous paths that generated economic bubbles and unemployment, then we are destined for failure.Destined for Failure: American Prosperity in the Age of Bailouts provides a conceptual framework previously available only to those with formal university training. It explains the effects of government regulation, political interference in the housing and job markets, misallocation of resources in health and education, moral hazard, environmental constraints, and excessive taxation. The authors provide insight into their view of Keynesian economics as an outdated, detrimental ideology, and take the Bush and Obama administrations to task for budget deficits and cronyistic subsidies and bailouts.The senior author is a distinguished economist who supplemented his in-depth knowledge with contributions from two of his brightest undergraduate studentsSeven graphical representations and three data tables highlight key informationIndex provides the reader with easy access to specific topics throughout the text More than 20 case studies apply the general theory of the book to real-world examples, each concluding with specific policy proposals

Aligning Values and Politics argues that empowering individuals for self-actualization is an indispensable tool for attaining freedom; therefore, politics must align with the promotion of self-actualization. Private property rights have in the past helped people to develop skills, but such rights were abused. Once these rights are combined with an ethics of responsibility, the book opens the doors to a nonpartisan analysis of income inequality, inheritance, race relations, abortion and governance. The book argues that the American government is engaged in producing “bread and circuses,” inducing people into living vicariously. Using the ideas of Immanuel Kant, the authors claim that we can return to a civil society that values independence rather than entitlements.