ON-Lion Letter
In his new book Knowledge and Power:  The Information Theory of Capitalism and How it is Revolutionizing Our World, Ronald Reagan's most-quoted living author -- George Gilder -- is back with an all-new paradigm-shifting theory of capitalism that will upturn conventional wisdom, just when our economy desperately needs a new direction.

Gilder chairs the Center on Wealth, Poverty, and Morality at the Discovery Institute in Seattle.  His work is supported by Milwaukee's Lynde and Harry Bradley Foundation.

America's struggling economy, Gilder believes, needs a better philosophy than the college student's lament:  "I can't be out of money, I still have checks in my checkbook!"  We've tried a government spending spree, and we've learned it doesn't work.

Now is the time to rededicate our country to the pursuit of free-market capitalism, before we're buried under a mound of debt and unfunded entitlements, he writes in Knowledge and Power.  But how do we navigate between government spending that's too big to sustain and financial institutions that are "too big to fail"?

In the book, Gilder proposes a bold new theory on how capitalism produces wealth and how our economy can regain its vitality and its growth.

He breaks away from the supply-side model of economics to present a new economic paradigm:  the epic conflict between the knowledge of entrepreneurs on one side, and the blunt power of government on the other.  The knowledge of entrepreneurs and their freedom to share and use that knowledge are the sparks that light up the economy and set its gears in motion.  The power of government to regulate, stifle, manipulate, subsidize, or suppress knowledge and ideas is the inertia that slows those gears down, or keeps them from turning at all.

With Knowledge and Power, one of the 20th Century's defining economic minds has returned with a new philosophy to carry us into the 21st.
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