#831 Senator Phil Gramm Debunks the Seven Great Myths of American Capitalism

What role should the government play in small business owners economic life? It seems that with the Trump tariffs are at tax that the government is putting on all our lives, but should it just stay out of it? My next guests argue that that the evidence points to that government interference and failed policies pose the most significant threat to economic freedom. Senator Phil Gramm served six years in the U.S. House of Representatives and eighteen years in the U.S. Senate where he was Chairman of the Banking Committee. Senator Gramm is a Visiting Scholar at the American Enterprise Institute. I also talk with Donald J. Boudreaux who is an American economist, author, professor, and co-director of the Program on the American Economy and Globalization at the Mercatus Center at George Mason University in Fairfax, Virginia. They have a new book called “The Triumph of Economic Freedom: Debunking the Seven Great Myths of American Capitalism”. Here is what we discussed: The genesis myth: the industrial revolution impoverished workers The progressive era regulation: the myth and the history The myth that the great depression was a failure of capitalism The myth of trade hollowing out American manufacturing The financial crisis myth: deregulation caused the financial crisis The myth and reality of income inequality in America The myth that poverty is a failure of American capitalism Become a supporter of this podcast: . Listen to all the episodes of The Small Business Radio Show at

You can listen to #831 Senator Phil Gramm Debunks the Seven Great Myths of American Capitalism online on Radio and Podcast. Open the player on this page to stream the available audio.

#831 Senator Phil Gramm Debunks the Seven Great Myths of American Capitalism is an episode from The Small Business Radio Show by Barry Moltz.

This episode is 23:33 long.

This episode was published on May 19, 2025.

Yes. Use the heart button on the episode page to add it to your favorite episodes list.

Yes. This page shows related episodes from The Small Business Radio Show when more episodes are available from the podcast feed.