"The ... is... fundamental to the American Revolution and it is taught the wrong way in American schools. ...There's a wonderful book called The Boston Tea Party by Professor [Labaree]... where he... got the British records... and the American records. ...It was a protest against a ...a government tax favor to the politically connected friends of King George who owned this royal monopoly, The East India Company. They mismanaged it because... in a competitive environment managers who can't run the business are gotten rid of, or they go out of business. But in a monopoly you can mismanage for a long time, and the same thing with a and an , where there's a... scintilla of competition among a few firms. ...[T]hey were going to go bankrupt because they had all this tea that they couldn't sell, and they were going to replace a market in Boston... 7 out of 10 cups of tea drunk in November and December of 1773 were Dutch tea, but under this law that was being protested, there would be a monopoly, and only British tea could be drunk. ...[P]eople understood that ...would ...mean higher prices ...less competition ...If we have such a fundamental misunderstanding of how the country got started, then we're going to have fundamentally flawed policies that flow out of these myths."