Arthur Laffer -- the father of supply-side economics and a member of President Reagan's Economic Policy Advisory Board -- joins economist Stephen Moore of The Wall Street Journal editorial board and investment advisor Peter J. Tanous to send Americans an urgent message: We risk losing the exceptional standard of living that has made us the envy of the rest of the world if the pro-growth policies of the last twenty-five years are reversed by a new president.
Since the early 1980s, the United States has experienced a wave of prosperity almost unprecedented in history in terms of wealth creation, new jobs, and improved living standards for all. Under the leadership of Presidents Ronald Reagan and Bill Clinton, Americans changed the incentive structure on taxes, inflation, and regulation, and as a result the economy roared back to life after the anti-growth, high-inflation 1970s.
Now the rest of the world is following the American economic growth model of lower tax rates, more economic freedom, and sound money. Paradoxically, one country is moving away from these growth policies and putting its prosperity at risk -- America.
On the eve of a critical presidential election, Laffer, Moore, and Tanous provide the factual information every American needs in order to understand exactly how we achieved the prosperity many people have come to take for granted, and explain how the policies of Democrats Barack Obama, Hillary Clinton, and Nancy Pelosi can cause America to lose its status as the world's growth and job creation machine.
The End of Prosperity is essential reading for all Americans who value our nation's free enterprise system and high standard of living, and want to know how to protect their own investments in the coming storm.
Customer Reviews:
Avg. Customer Rating: 4.0 / 5.0
Laffer, Moore, Tanous:
This is a well written book about the merits of supply side economics and the perils of tax and spend Keynesian economics. I found the first 100 pages or so to be rather dry but it picks up after that. I can't say I'm a convert after reading the book, but the authors certainly offer compelling empirical evidence to support their thesis that higher marginal tax rates burden the economy and distort free market incentives. They criticize the progressive income tax and advocate for a flat tax and, as a... more info
youTube "Peter Schiff was right":
I haven't read this book, and you couldn't pay me to. The fact remains that this guy bet Peter Schiff a penny a few years ago that there was no recession in sight. Years later on the Bill Maher show, he jokingly said that he didn't pay the penny. He said he bets low just in case he's wrong. YOU'RE NOT ALLOWED TO BE WRONG when you're going on tv tell people how to invest their money. And now that it's obvious that we're in a recession, he's writing a book about the recession. Wow, thanks Art! If you buy... more info
This is a bi-partisan book, and a 'must read' for all who truly care about the future of America:
This is a bi-partisan book, and a 'must read' for all who truly care about the future of America. Not often that I suffer that particular effect, but this book leaves me with an uncomfortable feeling.
Very well written, with a wry sort of 'quietly despairing' humor that entertained me frequently.
I will give you a short review first, and then a long review. Take your pick. That tells you perhaps I took the issues this book raises seriously. (Disclaimer: I don't want to upset anybody. Don't... more info
Economics 101:
Well, I'm a big fan of supply side economics and regard Arthur Laffer and Stephen Moore as being two of the most important political figures in the nation. Unlike Mike Huckabee, I do not deem the Club for Growth a club for greed. I think it's a club for salvation. Therefore, my purchasing The End of Prosperity was automatic. What surprised me most when reading it is just how much their narrative provides laymen with a magnificent introduction to the dismal science. This work actively refuted the media's... more info
