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Saturday, July 2, 2011

The End of Prosperity: How Higher Taxes Will Doom the Economy--If We Let It Happen by Peter J. Tanous, Stephen Moore and Arthur B. Laffer

How to ruin an economy in 10 simple steps
Arthur Laffer
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, after having read the rest of the book the folly of those policies should be clear.

Prior to that, the book explains the wisdom of low tax policies. The authors go through the recent history of the United States (from Hoover to Bush43) and demonstrate their principles in action. A fantastic introduction to conservative economic policy for the layman.

I rate this book 5 stars out of 5.

Reviewed on November 1, 2008.

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