The Myth of American Inequality: How Government Biases Policy Debate

A Powerful Corrective to the Debate on Inequalty in America Hailed by the Wall Street Journal as one of the best books of 2022, The Myth of American Inequality demonstrates that the federal government egregiously overstates the degree of inequality and poverty in the world’s 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 Gramm served six years in the US House of Representatives and eighteen years in the US 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, Texas. Bob Ekelund is 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 works in Auburn, Alabama. John Early is a mathematical economist who began working as a legislative assistant to a US Senator and assistant commissioner at the Bureau of Labor Statistics. He has served in senior leadership positions in global consultancies on quality and financial performance and as chief customer and strategy officer for a Fortune 100 company. His publications include improving measurements of price change, labor force dynamics, and improving healthcare. He lives joyfully in Charleston, South Carolina.