The Myth of American Inequality: How Government Biases Policy Debate (With a New Preface) [Paperback]

AWall Street JournalBest Book of 2022: Politics Winner of the 2024 Hayek Book Prize, Manhattan Institute
Hailed by theWall Street Journalas one of the best books of 2022,The Myth of American Inequalitydemonstrates that the federal government egregiously overstates the degree of inequality and poverty in the worlds wealthiest nation. In doing so, the authors--a former United States senator, eminent economist, and a former senior leader at the Bureau of Labor Statistics-- challenge the prevailing consensus that income inequality is a growing threat to American society. Getting the facts straight reveals that the key measures of well-being are greater than the official statistics of the country would lead us to believe. Income inequality is lower today than at any time in post- World War II America. The facts reveal a very different and better America than the one that is currently described by policy advocates across much of the political spectrum. The updated edition brings will challenge political debate throughout the 2024 election season and provide clear and convincing evidence that the American Dream is alive and well.

Phil Grammserved 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. Gramm is a Visiting Scholar at the American Enterprise Institute. He was Vice Chairman of UBS Investment Bank and is now Vice Chairman of Lone Star Funds. He taught Economics at Texas A&M University and has published numerous articles and books. Gramm lives in the Helotes, TX.
Bob Ekelundis currently professor and eminent scholar in economics (emeritus) at Auburn University, beginning his career at Texas A&M University. He is the author of more than 20 books and several hundred articles on the history of economic theory, economic history and economic policy in the specific areas of art, religion, and regulation. He lives and wolc—