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Uncle Sam can't count : a history of failed government investments, from beaver pelts to green energy

Author: Burton W Folsom; Anita Folsom
Publisher: New York, NY : Broadside Books, an imprint of HarperCollins Publishers, [2014]
Edition/Format:   Print book : English : First editionView all editions and formats
Database:WorldCat
Summary:
"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  Read more...
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Genre/Form: History
Document Type: Book
All Authors / Contributors: Burton W Folsom; Anita Folsom
ISBN: 0062292692 9780062292698
OCLC Number: 850181058
Description: 239 pages ; 24 cm
Contents: Beaver pelts, big government, and John Jacob Astor --
Vanderbilt goes upstream against the subsidies --
The boy governor endorses state subsidies --
James J. Hill vs. subsidized railroads --
Herbert Dow changed the world --
The Wright brothers conquer the air --
The D.C. subsidy machine --
Uncle Sam invents the energy crisis --
Uncle Sam heals the planet.
Other Titles: Uncle Sam can not count
Responsibility: Burton W. Folsom Jr. and Anita Folsom.

Abstract:

"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"--

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