It is no secret that Americans are dissatisfied with government. But while the frustration and anger are real, the way we tend to view the problem is all wrong. Rauch reveals the real problems with government, and offers a bracing tonic for unclogging the public arteries. From the Trade Paperback edition.

It is no secret that Americans are dissatisfied with government. But while the frustration and anger are real, the way we tend to view the problem is all wrong. Rauch reveals the real problems with government, and offers a bracing tonic for unclogging the public arteries. "From the Trade Paperback edition.

As recently as thirty years ago, Americans lived in a financial world that today seems distant. Investment and borrowing choices were meager: virtually all transactions were conducted in cash or by check. The financial services industry was heavily regulated, as an outgrowth of the Depression, while an elaborate safety net was constructed to prevent a repeat of that dismal episode in American history. Today, consumers and businesses have a dizzying array of choices about where to invest and borrow. Plastic credit cards and electronic transfers increasingly are replacing cash and checks. Much regulation has been dismantled, although the industry remains fragmented by rules that continue to separate banks from other enterprises. Meanwhile, finance has gone global and increasingly high-tech. This book, originally prepared as a report to Congress by the Treasury Department, outlines a framework for setting policy toward the financial services industry in the coming decades. The authors, who worked closely with senior Treasury officials in developing their recommendations, identify three core principles that lie at the heart of that framework: an enhanced role for competition; a shift in emphasis from preventing failures of financial institutions at all cost toward containing the damage of any failures that inevitably occur in a competitive market; and a greater reliance on more targeted interventions to achieve policy goals rather than broad measures, such as flat prohibitions on certain activities.

Tracking the issues of healthcare reform through the tumultous 1990s, this work opens a window on the changing dynamics of American politics from the Clinton inauguration in January 1993 through the Republican revolution of 1995 and the 1996 presidential race.

Arming Americans to defend the truth from today's war on facts “In what could be the timeliest book of the year, Rauch aims to arm his readers to engage with reason in an age of illiberalism.” —Newsweek A New York Times Book Review Editors' Choice Disinformation. Trolling. Conspiracies. Social media pile-ons. Campus intolerance. On the surface, these recent additions to our daily vocabulary appear to have little in common. But together, they are driving an epistemic crisis: a multi-front challenge to America's ability to distinguish fact from fiction and elevate truth above falsehood. In 2016 Russian trolls and bots nearly drowned the truth in a flood of fake news and conspiracy theories, and Donald Trump and his troll armies continued to do the same. Social media companies struggled to keep up with a flood of falsehoods, and too often didn't even seem to try. Experts and some public officials began wondering if society was losing its grip on truth itself. Meanwhile, another new phenomenon appeared: “cancel culture.” At the push of a button, those armed with a cellphone could gang up by the thousands on anyone who ran afoul of their sanctimony. In this pathbreaking book, Jonathan Rauch reaches back to the parallel eighteenth-century developments of liberal democracy and science to explain what he calls the “Constitution of Knowledge”—our social system for turning disagreement into truth. By explicating the Constitution of Knowledge and probing the war on reality, Rauch arms defenders of truth with a clearer understanding of what they must protect, why they must do—and how they can do it. His book is a sweeping and readable description of how every American can help defend objective truth and free inquiry from threats as far away as Russia and as close as the cellphone.

Award-winning author Philip K. Howard lays out the blueprint for a new American society. In this brief and powerful book, Philip K. Howard attacks the failed ideologies of both parties and proposes a radical simplification of government to re-empower Americans in their daily choices. Nothing will make sense until people are free to roll up their sleeves and make things work. The first steps are to abandon the philosophy of correctness and our devotion to mindless compliance. Americans are a practical people. They want government to be practical. Washington can’t do anything practically. Worse, its bureaucracy prevents Americans from doing what’s sensible. Conservative bluster won’t fix this problem. Liberal hand-wringing won’t work either. Frustrated voters reach for extremist leaders, but they too get bogged down in the bureaucracy that has accumulated over the past century. Howard shows how America can push the reset button and create simpler frameworks focused on public goals where officials—prepare for the shock—are actually accountable for getting the job done.

"To those who would understand the reasons why Washington does not work, and to those who are seeking clues to end the gridlock for more than a brief spell, this book is a godsend." --David Broder, "The Washington Post"