Former U.S. Senator Phil Gramm joins TPPF Chief Transformation Officer Joshua Treviño to discuss The Triumph of Economic Freedom: Debunking the Seven Great Myths of American Capitalism, co-authored with economist Donald J. Boudreaux. Their conversation revisits major turning points in American economic history including industrialization, the Progressive Era, the Great Depression, changes in global trade, and the Great Recession while considering how these events shaped popular views of capitalism and the role of government.
Drawing on the historical and economic record, Gramm challenges familiar narratives used to justify greater government involvement in the economy. He and Treviño examine the effects of regulation, subsidies, mandates, and other interventions while discussing the role economic freedom has played in expanding prosperity and opportunity as well as what those lessons can teach policymakers today.