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The End of Prosperity: How Higher Taxes Will Doom the Economy--If We Let It Happen Hardcover – October 14, 2008


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Product Details

  • Hardcover: 352 pages
  • Publisher: Threshold Editions (October 14, 2008)
  • Language: English
  • ISBN-10: 1416592385
  • ISBN-13: 978-1416592389
  • Product Dimensions: 1.2 x 6.2 x 9.3 inches
  • Shipping Weight: 7.2 ounces
  • Average Customer Review: 3.8 out of 5 stars  See all reviews (78 customer reviews)
  • Amazon Best Sellers Rank: #751,446 in Books (See Top 100 in Books)

Editorial Reviews

Review

"At a time when economies around the world are going wobbly, this insightful and timely book reminds us of the principles and the policies which America will need to employ to restore stability and prosperity." -- Lady Thatcher , prime minister of the United Kingdom 1979-1990

"This book focuses on the greatest economic issues of our time. While I have very different views, it's through careful debate and full understanding that we can make progress. This book is a must-read." -- Joe Kennedy, former congressman from Massachusetts

"Fair warning! No one can say, 'No one told us this would happen.' Art Laffer, Steve Moore, and Peter Tanous have done just that with this brilliantly insightful book. Read it -- and act!" -- Steve Forbes

"Frankly, I think supply-side economics is snake oil. But you should know how three of its smartest proponents try to defend it in this influential and important book." -- Robert Reich

About the Author

Arthur B. Laffer, Ph.D. is the founder and chairman of Laffer Associates, an economic research and consulting firm.  A member of President Reagan's Economic Policy Advisory Board for both of his two terms, he invented the Laffer Curve and triggered a world-wide tax-cutting movement in the 1980s.  Dr. Laffer received a B.A. in economics from Yale University and received a MBA and Ph.D. in economics from Stanford University.

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.

Peter J. Tanous, President and a director of Lynx Investment Advisory, is the author of numerous books about finance and investing, including Investment Gurus.

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Customer Reviews

3.8 out of 5 stars
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In the meantime, read this book.
Geoff Puterbaugh
The book by Arthur B. Laffer and the other two authors is very readable, well written and informative.
Crosslands
They claim that insufficient demand is not a problem not even in poor nations.
D. MILLS

Most Helpful Customer Reviews

Format: Hardcover Verified Purchase
(Note: I own and have READ all of this book) (...)
This is a bi-partisan book, and a 'must read' for all who truly care about the future of America.

Not often that I suffer that particular effect, but this book leaves me with an uncomfortable feeling. The future sounds a bit scary.
Very well written, with a wry sort of 'quietly despairing' humor that entertained me frequently. Good prose. Often dry and witty.
I will give you a short review first, and then a long review. Take your pick. That tells you perhaps I took the issues this book raises seriously. (Disclaimer: I don't want to upset anybody. Don't get mad. I'm just offering a working class grunt's opinion. I apologize for any perceived mockery of the Great Ones, the Federal Elite, who -of course- know what is best for me, and how best to spend my money for me.)

Short review:
Well written. Bang up to date. Touches intimately on political decisions and ATTITUDES, past and ongoing, that affect us all. Quite funny-sad-infuriating at times. Highly qualified writers/economists. You can argue if you want to that they are bone-headed wrong, dumb schmucks from the Rabid Right, but you can't deny they are shakers and movers. These three boys have been in the thick of it all for a long time. If you care about America, about people and their jobs and families, then -please- just for this one book, lay any and all prejudices and political bias to one side. Stop. Take a deep breath, and plow right on in. With an open mind.
Again, I'm not suggesting you should agree, but PLEASE, at least quietly consider the issues. They are of monumental importance to us real, live, breathing little human beings. If you know of a book that directly opposes this book's conclusions, I'd like to hear any suggestions...
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150 of 192 people found the following review helpful By John L. Duddy on October 11, 2008
Format: Hardcover
The controversy around the Laffer curve is made by those who do not understand the fundamentals of economics: people respond to the incentives. Ask yourself this simple and easy question, would you work hard (or at all) if someone took out of your wallet $4 for every $10 yo earned? What about $5, $6 or more? The fact of the matter is the top 1% of income earners pay 40% of the taxes collect while the bottom 50% pay 3%.

The current economic conditions is bad, but it will get worse if money is stolen from a group of people in the name of so called "fairness". The Laffer curve allowed the world we live in today. It allowed the Bill Gates, Steve Jobs, and the Michael Dells of the world to make everyone's better. There would be no laptops, iPods, Amazon.coms if the courageous entrepreneurs in our economies were not allowed to reap what they sowed. People do not work so that they can pay the government. They work to improve themselves, and that is the point of this book.
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25 of 30 people found the following review helpful By Geoff Puterbaugh on November 21, 2008
Format: Hardcover Verified Purchase
This book was pretty much what I expected: a loud siren acting as a wake-up call to the Obama administration. But, to my surprise, it turned out to be a lot more. I learned a great deal here.

The most surprising thing: JFK was a supply-sider! Back in the early 60s, Democratic President John F. Kennedy was proposing tax cuts to get the economy moving, and the NAY-SAYERS were a bunch of curmudgeonly Republicans. (In a similar vein, you will be astonished to learn that this story goes back all the way to Warren Harding!)

Kennedy got his tax-cut package passed (just as Ronald Reagan did) and the economy took off. Tragically, Kennedy was shot dead, and America unfortunately entered what the authors call the "Four Stooges" period of the American Presidency: LBJ, Nixon, Ford, and Carter. Particularly interesting was the slicing-and-dicing of Richard Nixon. He has become known as "The Watergate Villain," and almost nobody remembers his disastrous, idiotic mismanagement of the economy. Wage and price controls, anyone? "We are all Keynesians now?" Ford and his silly WIN buttons helped not a bit, and then Jimmy Carter managed to drive the misery index to its highest level in decades. The Four Stooges, indeed.

I haven't finished this book yet, but I've already learned so much from it that I thought I should post this review. And I will close with a single image, which may be helpful to those who still think that the U.S. President can do as he pleases. This is Bill Clinton, who is getting sound advice that his re-election depends on maintaining credibility with key financial markets.
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13 of 16 people found the following review helpful By Anne M. Glass on January 19, 2009
Format: Hardcover
The End of Prosperity is possibly the most informative book I have ever read and I recommend that everyone should read it. The name is unfortunate, but the authors are economists, not writers of fiction.

The book describes the ups and downs of the American economy over the past hundred years with colorful stories illustrating how political actions affect the health and well-being of the population and its economy. It is relatively easy to read and does not require that you be an economic professional to understand it. It is the first literary piece that I have ever read that clearly describes the causes of the Great Depression. The book is not written along any party line which is refreshing. It encompasses an understanding of sociology to predict and motivate human behavior.

Another very exciting aspect to this book is the fact that it was published last October, 2008. It references current politicians which makes it incredibly informative. We are facing a grim reality with respect to our economy here in California and when you get to the chapter on California, hold on; there is nothing in it we don't already know, but it will make you blue. Move on though because the next chapter is terrific. It is the success story of other nations and their incredible recovery to prosperous economic conditions, like the "Miracle of Ireland."

Please read the book from the beginning, or you probably won't understand it and you will miss the interesting stories like the plight of the Beatles and Rolling Stones when they were making so much money and the British government was taxing them at a rate of 95%.
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