The End of Prosperity: How Higher Taxes Will Doom the Economy--If We Let It Happen | 
 enlarge | Authors: Arthur B. Laffer, Stephen Moore, Peter Tanous
Publisher: Threshold Editions
Category: Book
List Price: $27.00
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Rating:  39 reviews
Sales Rank: 2086
Media: Hardcover
Pages: 352
Number Of Items: 1
Shipping Weight (lbs): 1.1
Dimensions (in): 9.4 x 6.2 x 1.4
ISBN: 1416592385
Dewey Decimal Number: 339.520973
EAN: 9781416592389
ASIN: 1416592385
Publication Date: October 14, 2008
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Product Description
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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| Customer Reviews: Read 34 more reviews...
 Laffer, Moore, Tanous January 4, 2009
Moira E. Mccaffrey
0 out of 2 found this review helpful
This is a well written book about the merits of supply side economics and the perils of tax and spend Keynesian economics. I found the first 100 pages or so to be rather dry but it picks up after that. I can't say I'm a convert after reading the book, but the authors certainly offer compelling empirical evidence to support their thesis that higher marginal tax rates burden the economy and distort free market incentives. They criticize the progressive income tax and advocate for a flat tax and, as a corollary to that, the so called fair tax (essentially a consumption based tax).
I felt one of the shortcomings of the book was that the authors decried liberal policies such as the financial bailout of 2008, universal health care, etc but do not offer much by way of alternatives. Beyond that it was well written and compelling book.
 youTube "Peter Schiff was right" January 4, 2009
Marty J. Miller
0 out of 3 found this review helpful
I haven't read this book, and you couldn't pay me to. The fact remains that this guy bet Peter Schiff a penny a few years ago that there was no recession in sight. Years later on the Bill Maher show, he jokingly said that he didn't pay the penny. He said he bets low just in case he's wrong. YOU'RE NOT ALLOWED TO BE WRONG when you're going on tv tell people how to invest their money. And now that it's obvious that we're in a recession, he's writing a book about the recession. Wow, thanks Art!
If you buy this book, you're as much of a moron as the author.
 Economics 101 December 27, 2008
Bernard Chapin (CHICAGO! USA)
2 out of 2 found this review helpful
Well, I'm a big fan of supply side economics and regard Arthur Laffer and Stephen Moore as being two of the most important political figures in the nation. Unlike Mike Huckabee, I do not deem the Club for Growth a club for greed. I think it's a club for salvation. Therefore, my purchasing The End of Prosperity was automatic. What surprised me most when reading it is just how much their narrative provides laymen with a magnificent introduction to the dismal science. This work actively refuted the media's configuration of economic affairs. We're now going through a pathological period wherein the left has been very successful in confusing the public about capitalism. They are trying to blame freedom for the dilemma in which we now find ourselves. Yet the Democratic Party could not be more incorrect in their assumptions.
Supply side economics works as it provides incentives for the rich to labor, earn, and not dodge paying their taxes. What we should do to solve the recession is roll back taxation, regulations, and the size of the government while giving the market a chance to do its magic. Ironically, I was in the middle of Chapter 8 last week--"As Goes California, So Goes the Nation"--when someone on the phone told me that the golden state was "doing well." I took out this book and began reading aloud. Ah, if all of life could be like that.
I should make clear though that The End of Prosperity is no polemic. It's a sound discussion of the x's and o's behind the country's economic history and what we can expect from the future (which isn't pretty). All of us should hope that Mr. Obama proves to be more of a centrist than his history suggests. Nowhere will this be more necessary than in the area of economics.
Discouraging but well-written analysis of dim economic future in US December 14, 2008
Judson W. DeLany
2 out of 2 found this review helpful
Discouraging but well-written analysis of dim economic future in US as
long as current poor quality of Federal and state managements continue [i.e.
Executive AND Congressional Branches---BOTH PARTIES!]. This government is
failing because of the poor quality people the citizenry is sending to
Washington and state capitals.
Laffer has been wrong since 2006 December 12, 2008
S. Grillon (Florida, USA)
3 out of 9 found this review helpful
Art Laffer has been wrong since 2006 when he and Peter Schiff went at it on a cable news show. Now all of a sudden, Laffer jumps on the bandwagon and writes a book about how bad thing are and are going to get. You would be much better off buying a book by Peter Schiff, who has been On Point about every issue as it pertains to today's recession. Don't believe me, just watch the YouTube video called "Peter Schiff was Right (2nd) Edition", especially the first 2 minutes and 30 seconds when Art Laffer is on. It will blow your mind how wrong Art Laffer was. Peter Schiff is somebody to listen to, not Art Laffer.
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