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" ... Hubbard and Navarro propose a set of realistic solutions. The authors bring their vast academic and policy experience to bear on weighty issues such as U.S. oil dependence, health-care reform, Medicare, and housing imbalances. Their solutions have a distinctly bipartisan flavor ... "
"This is a good and useful book."
“Hubbard and Navarro provide a cogent analysis of America’s dangerous economic decline as well as a carefully thought out plan for recovery based on a manufacturing renaissance.”
–Clyde Prestowitz, Founder and President of the Economic Strategy Institute, and author of The Betrayal of American Prosperity and Three Billion New Capitalists
“A well-argued–and exceedingly timely–call to action for the White House and Congress to end partisan political bickering and move the American economy back to sound principles like free markets, entrepreneurship, and a renewed manufacturing base that will restore our nation’s greatness. Hubbard and Navarro focus a bipartisan perspective on practical policy reform.”
–Larry M. Wortzel, Ph.D., Commissioner and former Chairman of the U.S.—China Economic and Security Review Commission
“It is time for a clean sheet of paper that creates the ultimate focus on creating real jobs and driving the success of our private sector by significantly improving our global competitiveness and not further eroding it. Kudos to Glenn Hubbard and Peter Navarro for doing just that!”
–Dan DiMicco, Chairman, President, and CEO, Nucor Corporation
“Seeds of Destruction is everything that Washington policymaking is not: sober, lucid, reasoned, timely, bipartisan, and constructive. The United States is on a path to greater danger and diminished aspirations. Hubbard and Navarro illuminate the path to fulfilling this generation’s obligation to leave behind a nation with greater freedom and prosperity than it inherited.”
–Douglas Holtz-Eakin, President of the American Action Forum, and former Director of the Congressional Budget Office (2003—2005)
“Glenn Hubbard and Peter Navarro combine their unique experiences in government and politics with their crystal-clear economic insights to produce a lively and compelling account of the origins of the financial crisis and the problems now plaguing the American economy. The book convincingly explains how government policy planted the seeds of destruction and how a change in government policy can root them out and plant the seeds of prosperity. Their diagnoses and remedies should be read, studied carefully, and applied.”
–John B. Taylor, Mary and Robert Raymond Professor of Economics at Stanford University, and former Undersecretary of the Treasury for International Finance
“A thoughtful and politically provocative diagnosis of America’s economic ills.”
–Kenneth S. Rogoff, coauthor of This Time is Different, and Thomas D. Cabot Professor of Public Policy, Harvard University
“This book is a ‘must-read’ for all persons who are concerned about our economic future. It shows the disastrous folly of our current economic policies and, more important, it lays out the proper policies to achieve a sound and prosperous economic future.”
–John Cogan, Leonard and Shirley Ely Fellow, Hoover Institution, and Professor of Public Policy Program, Stanford University; former Deputy Director of the Office of Management and Budget, Reagan administration
"This is a compact blockbuster of a book that gives six reasons why the U.S. economy has sunk so far and offers ten initiatives that the authors believe will lift us back up. It spares neither political camp and it appeals to both camps to take actions that will repair the damage they have caused over the past decade."
-Edmund Phelps, McVickar Professor of Political Economy, Columbia University, and 2006 winner of the Nobel Prize in Economic Science
Government policy and the Obama administration are driving the American economy straight toward catastrophe. Now, two respected economists–one a Republican, one a Democrat–explain why these policies are so dangerous and offer a bipartisan, common-sense blueprint for reversing America’s economic decline.
Glenn Hubbard and Peter Navarro explain why sustained growth is the only long-term solution, outline the elements of a vibrant economy, and explain why current policies are failing on every level. They reveal how we can finally restore the critical U.S. manufacturing base…return to our tradition of sound money…transform tax policy into an engine of growth and innovation…save Social Security and Medicare with “tough love”…use market-based solutions to achieve real energy independence…reform antique financial regulations without making matters worse...and balance our burgeoning budget deficits with strong economic growth rather than through punitive taxation.
Whatever your politics, if you’re frightened about the future, you should be. This book shows how we can grab the steering wheel, veer away from the cliff, and build a brighter economic future for everyone.
* Short-term stimulus, long-term disaster
Why massive federal spending and ultra-easy money policies spell long-term disaster
* Planting the new seeds of growth and innovation
How to restore America to the path of long-term prosperity
* Addressing the structural imbalances destroying the U.S. economy
Re-igniting the #1 driver of growth: business investment
A great book with a well written and thought out plan for America's future... I would recommend it to anyone.
Hubbard and Navarro also provide a thoughtful series of detailed recommendations that policy makers and the general public alike should consider.
What makes the assertion in this book so distressing is that it is a fallacy pointed out by economists, not politicians.
Depicting Obama policies as planting seeds of destruction, this is an excellent but not overly original study of how current government spending priorities do little good while... Read morePublished on October 16, 2012 by Gderf
This book offers some nice center of the road solutions to the economic abyss we are sldiing into but in the end none of it will happen. Read morePublished on May 19, 2011 by E. Pope
Glenn Hubbard's and Peter Navarro's, (one a Republican and the other a Democrat), book "Seeds of Destruction" is a well written, understandable look at the problems that beset our... Read morePublished on April 5, 2011 by Seaotter
While the book is generally good, in their discussion of energy dependence they assert that we will exhaust our known domestic oil reserves within a decade. Read morePublished on March 25, 2011 by William Meyer
I chose this book because I had read an op-ed in the NY Times by Hubbard that had the most creative solutions for the mortgage crisis and need for economic stimulus that I had... Read morePublished on March 24, 2011 by J. Johnson
This book is nothing more than political propaganda that is intended to be anti-Democrat and anti Obama. Read morePublished on March 21, 2011 by Yankee Fan
This is a fascinating look into the causes of our nation's economic problems. For those who are uninitiated on the big picture of finance, it simplifies and explains just what has... Read morePublished on February 20, 2011 by Charlene Rubush
Glenn Hubbard is not to be taken seriously. As the brilliant documentary Inside Job reveals, Hubbard himself is a "seed of destruction" by engineering the profoundly misguided Bush... Read morePublished on February 6, 2011 by SHD
In 2008, amid a huge financial crisis, America elected a virtually unknown senator, Barack Obama, as president, despite the fact that Obama was the most left-wing senator. Read morePublished on January 30, 2011 by John