Return to Prosperity: How America Can Regain Its Economic Superpower Status (Google eBook)

Front Cover
Simon and Schuster, Feb 9, 2010 - Business & Economics - 336 pages
2 Reviews
"WE CAN'T TAX AND SPEND OUR WAY BACK TO THE GOOD TIMES."
-- Arthur B. Laffer and Stephen Moore

When Arthur B. Laffer spearheaded the theory of supply-side economics and became a member of President Reagan's Economic Policy Advisory Board, he took his place as an economic icon. More recently, he joined with Stephen Moore and Peter J. Tanous to write The End of Prosperity -- a clarion call delineating what is wrong with current political approaches to America's present economic challenges. Steve Forbes himself described The End of Prosperity as "brilliantly insightful," saying "READ IT -- AND ACT!"

Now Arthur Laffer and Stephen Moore follow the rousing success of The End of Prosperity with a book even more vital to America and Americans, delivering a plan that shows how our country can regain its lost prosperity. With the economy flat on its back, unemployment at a twenty-five-year high, and the housing default crisis still worsening, is this even possible? But America can once again become the land of economic opportunity, and this brilliant new book tells us exactly how.

While President George W. Bush and President Barack Obama may hail from different parties, their response to the crisis has been strikingly similar. The Bush-Obama plan is a failure that has produced nothing except a cascade of trillions of dollars of debt. Is the situation hopeless?

No, say Arthur Laffer and Stephen Moore resoundingly, the situation is not hopeless. A return to prosperity is still entirely possible...if the correct strategies are followed. In The End of Prosperity, the authors primarily discussed how lower taxes are essential to economic growth. Now, in Return to Prosperity, they detail the other essential components: putting government at all levels on a low-fat diet; emphasizing debt reduction and retirement; and bringing back the investor class in America, where every American can "own a piece of the rock."

In a time where most of the proposed solutions are fraught with peril, the argument provides a refreshing counterbalance. The Return to Prosperity is a prescription that gives America the fundamental tools it needs in order to set about recovery. This book is an urgently needed road map to renewed prosperity, and it is vital reading for anyone who worries that the current economy is faltering, with no clear plan articulated for recovery.
  

What people are saying - Write a review

User Review - Flag as inappropriate

Easy to read great business common sense. "there is no free lunch" someone has to pay

LibraryThing Review

User Review  - rcouey1 - LibraryThing

Good read though very dry in parts. Need to brush up on my Econ 101 Read full review

Contents

Introduction
1
Reactive Policies
11
Energy Independence and Protectionism
13
Energy Independence and Foreign Policy
21
Offshore Drilling
28
CapandTrade Regulations
31
Nuclear Power
36
Fiscal Stimulus
39
Economic Fiction Is Driving Fiscal Policies
151
Righting Our Economic CourseThe Complete Flat Tax
168
Tax Amnesty
194
Addressing Global Warming While Growing the Economy
205
Fight Poverty and the Poverty Trap With Enterprise Zones
210
Other FlatTax Proposals
219
Monetary and Trade Policies Interest Rates Exchange Rates and Inflation
223
Monetary Policy
225

The Increase in Public Debt
50
Is the Stimulus Working?
59
Cash for Clunkers
62
Tax the Rich to Pay for Government
67
President Obama and Health Care
75
Minimum Wage Laws and Unions Create Unemployment
79
Fiscal Policy
89
Getting Tax Policies Right
91
Grow the Pie or Divide the Pie
126
There Is No Connection between Growth and Inflation
235
Setting the Stage for Financial Collapse The Alchemy of20032009
250
Lessons from the Great Depression
261
Trade Policy
268
A Prescription for America
283
The Laffer Curve
291
Index
311
Copyright

Common terms and phrases

About the author (2010)

Arthur B. Laffer, Ph.D. is the founder and chairman of Laffer Associates, an economic research and consulting firm.  A member of President Reagan's Economic Policy Advisory Board for both of his two terms, he invented the Laffer Curve and triggered a world-wide tax-cutting movement in the 1980s.  Dr. Laffer received a B.A. in economics from Yale University and received a MBA and Ph.D. in economics from Stanford University.

Stephen Moore, an economist and policy analyst who founded and served as president of the Club for Growth from 1999 to 2004, is a member of the Editorial Board of The Wall Street Journal and a Senior Economics Writer at The Journal.

Bibliographic information