“From Prohibition and Smoot-Hawley to Ethanol and Fannie Mae, a century of governmental economic fiascos mounts to a vertiginous climax of decades of deficits in Burton Abrams' wise and uproarious The Terrible 10. A must-read for muddled millennials, U.S. Senators, high school teachers, Federal Reserve governors, and all lovers of liberal follies and conservative crony capitalism.”
– George Gilder, author of Life After Google, Knowledge and Power, and Wealth and Poverty
“The Terrible 10 is a book that’s both delightful and therapeutic. In wry and stylish prose Burton Abrams describes all the symptoms of what happens when the disease of government infects the body of the marketplace. And Abrams has the macro-economic cure. Legislators need to cut down on the saturated fat of entitlements, start doing more exercise of regulatory restraint, and consume less ideological junk food. The Terrible 10 will help us restore the balance of our economy’s health away from politics and toward liberty.”
– P. J. O'Rourke, bestselling author of Parliament of Whores, Eat the Rich, and Don't Vote It Just Encourages the Bastards
“The Terrible 10 clearly and superbly identifies and discusses in detail the ten worst government policy disasters of the past ten decades. The book is a delight to read, interweaving economics and politics with history and not shying away from the naming of names. Each disaster resulted from unrealistic objectives, ignorance, near-sightedness, the abuse of power, and/or special-interest group manipulation, and the book provides much needed lessons for the future.”
– James D. Gwartney, Professor of Economics and Director, Stavros Center for the Advancement of Free Enterprise and Economic Education, Florida State University
“The Terrible 10 is an incisive historical book using both benefit-cost and distributional analyses to identify the 20th century's worst policy consequences. From Prohibition to environmental regulation to macroeconomic policy, Burton Abrams couples engaging narrative with evidence and economic analysis to illuminate the large costs of economic policy mistakes. He also identifies some of the causes and incentives underlying these outcomes. Can we learn from this history and avoid making such policy mistakes in the future?”
– L. Lynne Kiesling, Distinguished Senior Lecturer, Department of Economics, Northwestern University
“The decimation of Americans’ economic liberties did not occur in a single stroke. Nor can the blame be entirely laid upon the steps of the Supreme Court. The Terrible 10: A Century of Economic Folly, weaves a rich historical narrative to shine light on the combination of political forces behind policies that sound like good ideas on the surface but instead cause undeniable waste and injustice. Burton Abrams tells a engaging tale, and his book is perfect for any reader who cares about liberty and prosperity.”
– Edward J. Lopez, BB&T Distinguished Professor of Capitalism, Western Carolina University; co-author, Madmen, Intellectuals, and Academic Scribblers: The Economic Engine of Political Change