Dr. Samuel Gregg returns to the Anchoring Truths Podcast for a discussion of his new book, The Next American Economy: Nation, State, and Markets in an Uncertain World. Gregg carefully addresses New Right criticism of the conventional wisdom on economics that pervaded conservative intellectual circles in recent decades. Gregg offers a defense of America as a commercial republic, though one in need of a substantive argument rooted in morals to defend trade and growth. He also discusses how China's unique challenge requires a rethinking of the conventional wisdom in a healthy way.