Uncle Sam can't count
Subtitle: a history of failed government investments, from beaver pelts to green energy
Publisher: Broadside Books
Published: 2014
Place of publication: New York, USA
Language: eng
Format: Hardcover
Number of pages: 240
ISBN-13: 9780062292698
Description: "From the days of George Washington through World War II to today, government investments have failed dismally. They not only drain the Treasury of cash but also impede economic growth, and they hurt the very companies they try to support. Why does federal aid seem to have a reverse Midas touch? Simply put, federal officials don't have the same abilities or incentives as entrepreneurs. In addition, federal control always produces political control of some kind. What is best for politicians is not often what works in the marketplace. Politicians want to win votes, and they can do so by giving targeted CEOs benefits while dispersing costs to others. Uncle Sam Can't Count is filled with examples of government failures and free market triumphs"--