October 29th, 2008The End of Art Laffer And The Age Of Prosperity
Art Laffer just released a new book entitled The end of prosperity:
The End of Prosperity: How Higher Taxes Will Doom the Economy–If We Let It Happen by Arthur B. Laffer
The New York Times just gave him free publicity by allowing him to write his own pump piece about the book. In the article, Mr. Laffer criticizes the administration on their $700 billion bailout and socialization of banks. He calls for a market driven correction instead of government interference. He cites several economic statistics in the article and in the book, but unfortunately, most of them are wrong. In what seems to be intentional humor, he praises former president Clinton for “strengthening what had begun under President Reagan”. Art Laffer was Reagan’s former economic adviser; many people now believe that Reagan was already undergoing severe head trauma caused by Alzheimer’s when he made that idiotic selection.
For additional information on Art Laffer, refer to:
Needless to say, this is one book I do NOT intend to buy.
March 5th, 2009 at 4:53 pm
I have read this book from cover to cover and highlighted it just so I can remember the key points.
With every passing decision made by the Obama administration and every passing day in the stock market, this book becomes more and more true. Mr. Laffer has accurately nailed what happens when a series of bad economic policies are put into play repeatedly.
This book also brings to mind an old but very wise saying, ” You cannot multiply wealth by dividing it.”
In short, this book is GREAT! and should be read by all who want to get informed.
March 5th, 2009 at 11:56 pm
Mr Laffer will be pleasantly surprised to know that he has at least ONE fan.
March 21st, 2010 at 8:57 am
The Laffer curve is the most important graph in the evaluation of taxing. Mr. Laffer proves this, and other obvious points with a fantastic new method: stating the facts. The review written above by “marketman” is filled with vitriol towards the political right, who by definition work to reign in spending and limit the power of the federal government. The left’s job is to expand government by providing assistance to the citizen’s of the country. Both are important, both are necessary. Too far one way will lead to an uncontrolled eruption of spending and control. Too far the other will lead to anarchy. A balance of both will lead to the founding of a free nation via the constitution. Only a fool finds one side to be worthless. If both factions are balanced, the eagle goes forward. If one side is too strong, the country goes into a tailspin. Art Laffer clearly shows that the government is not balanced (not a problem on it’s own) and that we’re already in a tailspin from the left wing of the eagle (a serious problem). We need the left wing to become weaker, or better, the right wing to become stronger to fly straight.
-Duh