Synopsis
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
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