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Liked It “I'm convinced of Laffer's "Laffer Curve" is accurate. As we approach the vote on "Cap and Trade" (today) I'm also convinced that the current administration and Congress are Keynsians and are out to PURPOSELY to wreck the economy of the US in order to have another crisis to manage.” see full review » see other reviews » |
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“I'm convinced of Laffer's "Laffer Curve" is accurate. As we approach the vote on "Cap and Trade" (today) I'm also convinced that the current administration and Congress are Keynsians and are out to PURPOSELY to wreck the economy of the US in order to have another crisis to manage.”
Chuck S wrote this review Friday, June 26 2009. ( reply | permalink ) Was this review helpful? Yes | No
“Arthur B. Laffer, Stephen Moore and Peter J. Tanous give Ronald Reagan full credit for laying the foundation for decades of U.S. prosperity. They see today’s government programs as a return to the worst of Franklin D. Roosevelt’s New Deal and Lyndon B. Johnson’s Great Society. The authors find it strange that the U.S. is adopting a more European model just as many European countries are moving more toward Reaganomics. They suggest a different path to good fortune: Get government out of the way of individual, entrepreneurial opportunity. If this reasoning persuades you, pay particular attention to their chapter describing how California, once the most prosperous U.S. state, became an economic basket case – a decline that the authors blame on the expansion of government spending, regulations and taxes. Laffer’s advocates, including those who also favor a flat tax, see this book as an instant classic; his opponents have already dismissed it. getAbstract suggests it to those seeking a conservative take on current economic policy. ”
getAbstract wrote this review Monday, April 27 2009. ( reply | permalink ) Was this review helpful? Yes | No
“Art Laffer and Stephen Moore, in this book, remind me of why I'm such a staunch advocate of supply-side economics. It's a great update from reading George Gilder, Paul Craig Roberts, Art Laffer, and other supply-siders from the 1980s. The authors point out that America's net worth in real terms went from $25 trillion in 1980 to $57 trillion in 2007, more wealth than was created in the last 200 years. Americans are so wealthy, in 2007 we spent $1 billion changing our cell phone ring tones.
Ron B wrote this review Sunday, December 21 2008. ( reply | permalink ) Was this review helpful? Yes | No
The authors do a good job surveying America's economic landscape, going back to the Great Depression, the 1970s stagflation, and the tax-cutting lessons of Andrew Mellon, JFK, Ronald Reagan and even Bill Clinton (when he cut the capital gains tax). There's a great chapter on the flat tax revolution taking place around the world, mostly in former communist countries, which had already tried Marx's redistributionist ideas.
The authors are gloomy about the incoming Obama administration's economic ideas, fearing that the USA will become more like European nanny state economies. While Obama talks change, his ideas are actually quite old. If you want a good defense of the misunderstood doctrine of supply-side economics, this is an excellent primer. I would also suggest George Gilder's Wealth and Poverty, a timeless classic.”
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