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News Link • Economics: Austrian

A Review of Charles Goyette’s Red and Blue and Broke All Over: Restoring America’s Free Economy

Review by Tim Kelly: 

.... Charles Goyette surveys this mess in his new book, Red and Blue and Broke All Over: Restoring America’s Free Economy. The book’s title pretty much sums up the author’s analysis of 21st century America. According to Goyette, the country’s bankruptcy has been a bipartisan effort. Goyette writes:

The inescapable conclusion is that both parties are to blame. Einstein’s oft-cited observations that no problem can be fixed from the same consciousness that created it applies to the deflating promise of America. The restoration of the American dream will not occur as long as the political discussion remains constrained by the old voices of the Republicans and Democrats who marched us into our present economic morass.

Goyette’s previous book, The Dollar Meltdown, a New York Times best seller, was primarily concerned with increasing government spending and how it is destroying the purchasing power of the dollar and thereby impoverishing the American people. In Red and Blue Goyette tackles the broader issue of long term economic decline, arguing the country’s financial problems are a symptom of the moral and intellectual bankruptcy of its political establishment. Goyette avers, “Mesmerized by state authority, and blinded by their own partisanship, few authors, analysts, and commentators active in the public debate realize that both parties worship in the same statist church and share obedience to same economic priesthood.”

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