First published 2010
The American economy lies in ruins. Unemployment reaches heights not seen in twenty-five years. Housing defaults spiral out of control. In this crisis, economist Arthur Laffer stands against the prevailing wisdom. While Paul Krugman champions Keynesian solutions in his bestselling analysis, Laffer offers a radically different path forward. The architect of policies that rescued America from the stagflation of the 1970s argues that the Bush-Obama approach has failed catastrophically. Trillions in new debt cascade through the system with no recovery in sight. Laffer cuts through economic complexity to reveal fundamental principles of prosperity. He maps out specific reforms across four critical areas: fiscal policy, monetary policy, trade policy, and incomes policy. His blueprint draws from the same supply-side thinking that generated twenty-five years of American growth. The nation stands at a crossroads between continued decline and renewed opportunity.
Genres: business, politics, economics, non-fiction, 21st-century, academic
Vibes: thought-provoking
Tropes: contrarian
336 pages · Hardcover · Threshold Editions