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Senator Phil Gramm debunks the great myths of American capitalism

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Defending Economic Freedom

This chapter explores the misconceptions about American capitalism, emphasizing the importance of accurate historical narratives in shaping modern economic policies. The speaker challenges common beliefs regarding income inequality and trade, advocating for personal effort and education as keys to economic success. Additionally, the chapter discusses the evolution of social welfare programs and the need for work requirements to promote self-sufficiency, highlighting education as a critical element in overcoming poverty.

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