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The End of Prosperity: How Higher Taxes Will Doom the Economy--If We Let It Happen

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4.05  ·  Rating Details  ·  120 Ratings  ·  25 Reviews
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 ...more
ebook, 352 pages
Published October 14th 2008 by Threshold Editions (first published October 7th 2008)
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Arminius
Jun 28, 2011 Arminius rated it it was amazing  ·  review of another edition
Shelves: business
This book can be a little dry unless you have a unique interest in how to dig the U.S. out of the 2011 recession and make it into the economic giant it once was. The steps to do so seem easy to do accept for the fact that little of our political culture seem to understand economics. Members of the United States House of Representatives, Senate and the President himself should read this book.

The book was written by economist Art Laffer, Stephen Moore and Peter Tanous. Laffer is famous for creatin
...more
Bernie
Nov 25, 2011 Bernie rated it really liked it  ·  review of another edition
Laffer, Moore, and Tanous created a provocative title in, "The End of Prosperity". Good move, because it got me to pick up the book. I was expecting the book to be about our current economic crisis, and it is, but mostly it is a history lesson arguing the soundness of supply side economics. Boring? Actually no, it was, if such a thing is possible, an ecomonics page turner whereby the authors explain, in simple, convincing language why the supply side policies of the past created economic lift-of ...more
Rama
Feb 20, 2014 Rama rated it it was amazing  ·  review of another edition
A review of current economic chaos

The End of Prosperity is a very realistic look at the current bleak economic situation facing United States since Great Depression of 1929. The reform that was created as a result of this Great Depression; the creation Security Exchange Commission, relentless efforts for corporate transparency, and greater information for investment decisions fired backwards to destroy these very ideals that upheld the free enterprise system in a strange twist of events.

Mortgag
...more
Mark McKenzie
Apr 06, 2015 Mark McKenzie rated it did not like it  ·  review of another edition
I'm on page 144 and I don't know if I'm going to be able to make it through. They have so skewed the statistics to try and prove their point that it's hard to objectively analyze their thesis. Clearly, lower taxes contribute to economic activity, but they suggest that it was some kind of magic employed by Reagan that continued on for 25 years. They discount the fact that Bill Clinton raised taxes and the economy continued to boom as being kind of coincidental. It only worked because he did other ...more
E
Apr 27, 2009 E rated it it was amazing  ·  review of another edition
Expert look at heated tax debate

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
...more
Robbie
Oct 13, 2012 Robbie rated it really liked it  ·  review of another edition
Everyone should read this book!

A fair and extremely intelligent representation of the state of this country, "The End of Prosperity" offers a look, or prediction rather, that is already unfolding in the United States, bringing the entire country into an irrecoverable economic despair. It is frightening to read about aspects of the tax system that the three authors explicitly warn against, and see the policies by the left being currently enacted. If only people read this and understood that, no,
...more
Randy
Jul 07, 2009 Randy rated it it was amazing  ·  review of another edition
Two very experienced, practical economists presage the economic downturn of October 2008, and the mistakes of the Bush and Obama administrations reacting to it.

Steve Moore, senior editor of the Wall Street Journal and Dr. Arthur Laffer, advisor to President Reagan and namesake of the Laffer Curve, lay out the theory and the empirical dimensions for the conservative case.

It has always seemed to me that liberals want to redesign the society (including the economy) to match the way they think peop
...more
Dale
Jun 30, 2012 Dale rated it it was amazing  ·  review of another edition
How to ruin an economy in 10 simple steps

The End of Prosperity: How Higher Taxes Will Doom the Economy--If We Let It Happen is a well-written book, filled with charts and graphs, is a great introduction to the principles of the Laffer Curve, the dangers of high taxes and the folly of many of the proposals that the Democrat leadership in the House, the Senate and Mr. Obama (and some Republicans) are proposing. On page 261 these foolish proposals and policies are laid out in detail. Hopefully, a
...more
David Robins
Jun 06, 2009 David Robins rated it really liked it  ·  review of another edition
A good sound look at how economic practices can help or harm the economy, from Kennedy, Reagan, and Bush's tax cuts that launched a wave of prosperity, to the protectionist tariffs and high taxes of the 1970s and the destructive socialism from Wilson to the New Deal and Great Society and now Obama's bailouts, proposed tax increases, and profligate spending.
There is a solution that will fix or ameliorate many of the mounting problems, which many countries in Europe have successfully adopted: a fl
...more
Marc
Aug 24, 2009 Marc rated it really liked it  ·  review of another edition
Recommends it for: Everyone
Despite being largely about economics I actually found this book to be a page turner. It was written well for the average Joe to grasp but it didn't shy away from introducing more complicated economic terms and theories.

What was mostly helpful was the concise history of tax policy over the last half century (or so) and the outcomes that were derived from those policies. True, I am a die hard conservative, but I can't believe that people either unaware or unwilling to admit how disastrous certain
...more
Victor
Mar 07, 2009 Victor rated it liked it  ·  review of another edition
I have always maintained there are two sides of the story. Surprisingly there are more things that I agree with this book than what I originally expected e.g. I'm in favor for a simpler/flat tax code (even though I would propose zero deductions), immigration reform, free trade,etc. I disagree with a couple of positions like death tax but overall a good book easy to read with several facts to back views. However, even though book praises policies in Ireland, Estonia, Russia, etc. when a global ec ...more
Austin Green
Apr 13, 2011 Austin Green rated it it was amazing  ·  review of another edition
Art Laffer does a fantastic job of relating the many issues that our current government is facing in terms of the economy. Laffer provides many sound arguments in favor of the Laffer Curve and low taxes. The statistics and data support his argument--lower taxes leads to higher government revenues. An entire week to read a book on taxes...amazing!!
Naomi
Jun 10, 2010 Naomi rated it really liked it  ·  review of another edition
Dead on, smart economics information. I am not a big economics girl but I love the way that Art Laffer writes. He is a master at writing in a way that a layperson could grasp simple economics.
William
Aug 12, 2009 William rated it it was amazing  ·  review of another edition
Clear restatement of basic economic facts that have been proven over and over. Clearly articulates the outcomes we can expect from the Obama/democrat socialists path.
Rod
Nov 28, 2008 Rod rated it liked it  ·  review of another edition
Informally written, but a good resource for background about our current economic woes (and why most of the currently proposed remedies won't work).

John
Dec 28, 2008 John rated it liked it  ·  review of another edition
A good review of the good, the bad, and the ugly in the history of economic policies in the US and what we might expect from the incoming regime.
Nedland P.
Dec 11, 2010 Nedland P. rated it really liked it  ·  review of another edition
Excellent book describing how high taxes are killing our economy and offering an alternative (not as good as mine).
Lauri Vance
Feb 17, 2011 Lauri Vance rated it it was amazing  ·  review of another edition
I think this book should be required reading for those about to vote in this presidential election.
Scott
Jan 21, 2013 Scott rated it it was amazing  ·  review of another edition
Ahh, that anyone in our government could read..........
Angela
Jan 01, 2009 Angela rated it it was amazing  ·  review of another edition
An excellent read! I learned a lot from this book.
Melissa
Jun 18, 2009 Melissa rated it it was amazing  ·  review of another edition
Shelves: read-nonfiction
This was a great informative book. Easy to read.
Bhall3
Mar 04, 2009 Bhall3 rated it it was amazing  ·  review of another edition
A good prose on where this country is headed.
William Kennaugh
where the USA is headed, not good!!
Jeff
Dec 16, 2008 Jeff rated it it was amazing  ·  review of another edition
Whether you agree with the principles or not, its a refreshing splash of cold water in the face during all the government bailout talk, in this time that "everyone is a Keynesian".
Richard
Jan 19, 2010 Richard is currently reading it  ·  review of another edition
Enlightening
Adam Lund
Adam Lund marked it as to-read
Feb 05, 2016
Max
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Jan 15, 2016
Joe
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Jan 12, 2016
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