The 4% Solution: Unleashing the Economic Growth America Needs

Front Cover
Brendan Miniter
Crown Business, 2012 - Business & Economics - 340 pages
1 Review
Foreword by President George W. Bush

With contributions from world renowned economists and Nobel prizewinners,The 4% Solutionis a blueprint for restoring America’s economic health

 
The United States is reaching a pivotal point in its economic history. Millions of Americans owe more on their homes than they are worth, long-term unemployment is alarmingly high, and the Congressional Budget Office is projecting a sustainable growth rate of only 2.3%—a full percentage point below the average for the past sixty years. Unless a turnaround comes quickly, the United States could be mired in debt for years to come and millions of Americans will be pushed to the sidelines of the economy.
 
The 4% Solutionoffers clear and unflinching ideas on how to revive America’s economy. It sets a positive economic goal and asks some of the top economic minds on how to achieve it. With a focus on removing government constraints,The 4% Solutiondefines the policies that will allow Americans to save, invest, and create the jobs that the United States needs.
 
The 4% Solutiondraws on the best minds in the business, including five Nobel laureates:
 
·        Robert E. Lucas, Jr.,on the history and future of economic growth
·        Gary S. Beckeron why we need immigrants in order to grow
·        Edward Prescotton the cost (to growth) of the welfare state
·        Vernon Smithon why housing leads us into and out of recessions
·        Myron Scholeson why we need to innovate in order to grow the economy
  

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Bearing epithets such as "prudence", "capability", and "the Iron Chancellor", there was once a time when Gordon Brown was taken very seriously indeed. Now, an economic collapse later, his reputation ... Read full review

Contents

Why We Grow
1
The History and Future of Economic Growth
27
More Time on the
42
A Road Map to
80
Sound Money Sound Policy
94
Not All Growth Is Good
108
Baseballs Answer to Growth
127
The Role of Intangibles
144
MarketFriendly Energy
189
Social Security Reform and Economic Growth
204
Education Quality and Economic Growth
226
When Illegals Stop Crossing the Border
240
How Technology Can lead a Boom
261
Growth lessons from Calvin Coolidge
279
Notes
301
Index
327

The Virtuous Cycle
159
Growth Needs Trade
174

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About the author (2012)

The George W. Bush Institute is the policy research arm of the Bush Presidential Center and Library in Dallas, Texas.  

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