CONTENTS

FOREWORD BY STEVE FORBES

INTRODUCTION

Part I: Taxes

CHAPTER ONE

Taxes Are Nothing More Than a Price Placed on Work

CHAPTER TWO

When We Tax Corporations, We Rob Them of Their Future

CHAPTER THREE

Government Spending Did Not Create the Internet, and Has Never Created a Job

CHAPTER FOUR

It’s the Spending, Stupid: Budget Deficits Really Don’t Matter

CHAPTER FIVE

Capital Gains Are the Elusive Jackpot That Drive Innovation

CHAPTER SIX

The Best Way to Spread the Wealth Around Is to Abolish the Estate Tax

CHAPTER SEVEN

Wealth Inequality Is Beautiful

CHAPTER EIGHT

Savers Are an Economy’s Most Valuable Benefactors

CHAPTER NINE

Job Creation Requires Perpetual Job Destruction

CHAPTER TEN

Conclusion: Bulldoze the U.S. Tax Code

Part II: Regulation

CHAPTER ELEVEN

Appalachian State Almost Never Beats Michigan, and Government Regulation Almost Never Works

CHAPTER TWELVE

Antitrust Laws: The Neutering of the Near-Term Excellent

CHAPTER THIRTEEN

Conclusion: Don’t Dismiss College Dropouts Delivering Alternative Weeklies

Part III: Trade

CHAPTER FOURTEEN

“Trade Deficits” Are Our Rewards for Going to Work Each Day

CHAPTER FIFTEEN

Comparative Advantage: Could LeBron James Play in the NFL?

CHAPTER SIXTEEN

“Outsourcing” Is Great for Workers, and as Old as the Pencil

CHAPTER SEVENTEEN

“Energy Independence” Would Be Economically Crippling; “Global Warming” Is a Crippling Theory

CHAPTER EIGHTEEN

Conclusion: Free Trade Is the Path to Knowledge, Liberty, World Peace, and Big Raises

Part IV: Money

CHAPTER NINETEEN

A Floating Foot, Minute, and Second Would Give You Ugly Houses, Burnt Wings, and Slow NFL Draft Picks

CHAPTER TWENTY

Do Not Be Fooled by Rising and Falling Computer, Flat Screen, and VHS Prices: They Are Not an Inflation or Deflation Signal

CHAPTER TWENTY-ONE

True Inflation Is Currency Devaluation, and It Is a Cruel Blast to the Past

CHAPTER TWENTY-TWO

If They Tell You They Predicted the “Financial Crisis,” They’re Lying

CHAPTER TWENTY-THREE

Conclusion: “Do-Nothing” Politicians Deserve a Special Place in Heaven

ACKNOWLEDGMENTS

NOTES

INDEX