
The End of Prosperity
Description
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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.
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Persons
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.
Peter J. Tanous, President and a director of Lynx Investment Advisory, is the author of numerous books about finance and investing, including Investment Gurus.
Content
- Cover Page
- Title Page
- Copyright Page
- Table of Contents
- The Second Coming
- Preface
- Foreword
- 1. The Gathering Economic Storm
- 2. How a Cocktail Napkin Changed the World: The Laffer Curve
- 3. "We Can Do Bettah": Tax-Cutting Lessons from the Twentieth Century
- 4. Honey, We Shrunk the Economy: The Awful 1970s
- 5. The Twenty-Five-Year Boom: The Reagan Economic Revolution
- 6. What Bill Clinton Could Teach Barack Obama
- 7. How George W. Bush Soaked the Rich
- 8. Bankruptcy 90210: As Goes California, So Goes the Nation
- 9. Socialism, Non, the Laffer Curve, Oui: Supply-Side Economics Takes the World by Storm
- 10. How to Create a Bull Market: The Capital Gains Tax Validates the Laffer Curve
- 11. Throw Momma from the Train: The Unfair Estate Tax
- 12. Protectionism Then and Now: The Smoot-Hawley Tariff Act of 1930
- 13. Many Happy Returns: The Flat Tax Solution
- 14. The Death of Economic Sanity
- 15. Protecting Your Investments in the Troubled Times Ahead
- Notes
- Acknowledgments
- Index
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