
Return to Prosperity
Description
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With the economy flat on its back, unemployment at a twenty-five-year high, and the housing default crisis still worsening, is it even possible to turn our financial problems around? Economic icon Arthur B. Laffer and journalist Stephen Moore believe America can once again become the land of economic opportunity, and this brilliant new book tells us exactly how.
In their rousing clarion call against the government's current fiscal strategies, The End of Prosperity, the authors focused on how lowering taxes will promote economic growth. Now, they detail the other crucial components. Simply put, the keys to prosperity are low, flat-rate taxes; government spending restraint; sound and stable money; free trade; and minimal regulation. This book gives concrete proposals on how to return to prosperity using common sense principles of good economic behavior.
While most of the proposed solutions to our economic decline are fraught with peril, Return to Prosperity provides a refreshing counterbalance?a prescription for the fundamental tools America needs in order to set out on the road to recovery. It is essential reading for anyone who worries that the current economy is faltering, with no clear plan articulated to stop it.
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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.
Content
- Cover Page
- Title Page
- Copyright Page
- Dedication Page
- Contents
- Introduction
- Part One: Reactive Policies
- 1: Energy Independence and Protectionism
- 2: Energy Independence and Foreign Policy
- 3: Offshore Drilling
- 4: Cap-and-Trade Regulations
- 5: Nuclear Power
- 6: Fiscal Stimulus
- 7: The Increase in Public Debt
- 8: Is the Stimulus Working?
- 9: Cash for Clunkers
- 10: Tax the Rich to Pay for Government
- 11: President Obama and Health Care
- 12: Minimum Wage Laws and Unions Create Unemployment
- Part Two: Fiscal Policy
- 13: Getting Tax Policies Right
- 14: Grow the Pie or Divide the Pie
- 15: Economic Fiction Is Driving Fiscal Policies
- 16: Righting Our Economic Course-The Complete Flat Tax
- 17: Tax Amnesty
- 18: Addressing Global Warming While Growing the Economy
- 19: Fight Poverty and the Poverty Trap With Enterprise Zones
- 20: Other Flat-Tax Proposals
- Part Three: Monetary and Trade Policies: Interest Rates, Exchange Rates, and Inflation
- 21: Monetary Policy
- 22: There Is No Connection between Growth and Inflation
- 23: Setting the Stage for Financial Collapse: The Alchemy of 2003-2009
- 24: Lessons from the Great Depression
- 25: Trade Policy
- Summary: A Prescription for America
- Appendix: The Laffer Curve
- Acknowledgments
- Index
- Footnotes
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