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SAMUEL GREGG is Distinguished Fellow in Political Economy and Senior Research Faculty at the American Institute for Economic Research, and a research fellow at the Acton Institute. The author of sixteen books and more than four hundred articles, he has written for publications such as The Wall Street Journal, Investor’s Business Daily, the Spectator, Foreign Affairs, National Review, American Banker, and Harvard Journal of Law and Public Policy. He has also appeared on American and foreign broadcast media including the BBC and Fox Business Channel.
One of America’s greatest success stories is its economy. For more than a century, it has been the envy of the world. The opportunity it generates has inspired millions of people to want to become American. Today, however, America’s economy is at a crossroads. Managed decline and creeping statism do not have to be America’s only choices. This book insists that there is an alternative: a vibrant market economy grounded on entrepreneurship, competition, and trade openness.
“We’re becoming like Europe.” This expression captures many Americans’ sense that something has changed in American economic life since the Great Recession’s onset in 2008.