Phil Gramm is an economist and politician who served for six years in the U.S. House of Representatives and 18 years in the U.S. Senate. In his new book, The Triumph of Economic Freedom: Debunking the Seven Great Myths of American Capitalism, Senator Gramm aims to set the record straight about the state America’s economy—including misconceptions about income inequality, economic mobility, manufacturing, and purchasing power—that are guiding American policy in the wrong direction. Gramm argues that despite what you hear in the media and from politicians, the people who have been left behind are not failed by American capitalism, they just aren’t part of it.
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