In this book, Phil Gramm, one of America’s premier public policy advocates, and noted economist Donald J.Boudreaux look at the seven events and issues in American history that define, for most Americans, the role of government and how the 21st century world works.To many Americans, these 5 periods of American history—the Industrial Revolution, Progressive Era, Great Depression, decline of America’s postwar preeminence in world trade, and the Great Recession--along with the existing levels of income inequality and poverty, represent strong evidence for expanding government in American life.Setting up each topic with a “just the facts” approach that defies partisanship, Gramm and Boudreaux provide a compelling and highly readable powerful reassessment that will challenge open-minded readers to rethink conventional wisdom and the policies that spring from them.