Synopsis
In The Greatest Ponzi Scheme on Earth, economist Dan Mitchell and entrepreneur Les Rubin give an in-depth look at how the US is headed toward a fiscal collapse if we do not course-correct and get government spending under control.
Is the United States government running a Ponzi scheme?
We have a massive federal debt because there is too much spending in Washington. Rather than try to solve our fiscal problems, however, politicians think the answer is to borrow more money. Sounds like a Ponzi scheme to us.
In The Greatest Ponzi Scheme on Earth, economist Dan Mitchell and entrepreneur Les Rubin make the case that we, the American public, are being swindled by a federal government whose never-ending, out-of-control cycle of wasteful spending is putting our economic stability in grave peril. For the sake of our children’s children and the future of our country, it is time for us to pull in the reins and end the spend.
What would happen if the world’s greatest economic powerhouse went bankrupt?
Through real-world examples from home and abroad, Mitchell and Rubin take us on a crash course in economics, history, fiscal reality, and (most importantly) tried-and-true solutions. How do we fix Social Security, Medicare, and Medicaid? What kind of tax burden can the economy bear and still thrive? And what can I do about it? These questions should be on the mind of every American—and they are the beating heart of this book.
Learn economics, get mad, and vote for fiscal responsibility. If you’re looking for a place to start, look no further. The important thing is that you start now. Your children’s children depend on it.
About the Author
Leslie A. Rubin is a professional accountant, entrepreneur, philanthropist, and real estate developer. He has studied economics for over forty years and been heavily involved with economic education locally, working with schools, writing articles, and commissioning sculptures on economic themes for his real estate developments, which allowed him to gain a clear understanding of what makes economic systems work and the power of incentives. Rubin’s passion for economics and economic education inspired him to create Main Street Economics Inc., a nonpartisan, nonprofit organization that provides the average person on “Main Street” the opportunity to learn about economic systems without going back to school.
Les graduated from University of North Carolina at Chapel Hill in accounting and was elected to Phi Beta Kappa and Beta Gamma Sigma honorary societies. For ten years he was a practicing CPA/controller and has been the owner and president of his own commercial real estate development company, Rubin Development Corporation, for almost fifty years.
Daniel J. Mitchell is president of the Center for Freedom and Prosperity, a pro-market public policy organization he founded in 2000. His major research interests include tax reform, international tax competition, the economic burden of government spending, and other fiscal policy issues. Having also worked at the Heritage Foundation and Cato Institute, he has decades of experience authoring papers, writing editorials, working with the public policy community, and presenting the free-market viewpoint to newspaper, television, and radio media. Dan has spoken to a wide variety of groups in dozens of cities and more than fifty foreign countries. He also served on the editorial board of the Cayman Financial Review, and holds a Ph.D. in economics from George Mason University.
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