jfk and the reagan revolution a secret history of american prosperity

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Jfk And The Reagan Revolution

Author : Lawrence Kudlow
ISBN : 9780698162839
Genre : Business & Economics
File Size : 37. 72 MB
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The fascinating, suppressed history of how JFK pioneered supply-side economics. John F. Kennedy was the first president since the 1920s to slash tax rates across-the-board, becoming one of the earliest supply-siders. Sadly, today’s Democrats have ignored JFK’s tax-cut legacy and have opted instead for an anti-growth, tax-hiking redistribution program, undermining America’s economy. One person who followed JFK’s tax-cut growth model was Ronald Reagan. This is the never-before-told story of the link between JFK and Ronald Reagan. This is the secret history of American prosperity. JFK realized that high taxes that punished success and fanned class warfare harmed the economy. In the 1950s, when high tax rates prevailed, America endured recessions every two or three years and the ranks of the unemployed swelled. Only in the 1960s did an uninterrupted boom at a high rate of growth (averaging 5 percent per year) drive a tremendous increase in jobs for the long term. The difference was Kennedy’s economic policy, particularly his push for sweeping tax-rate cuts. Kennedy was so successful in the ’60s that he directly inspired Ronald Reagan’s tax cut revolution in the 1980s, which rejuvenated the economy and gave us another boom that lasted for two decades. Lawrence Kudlow and Brian Domitrovic reveal the secret history of American prosperity by exploring the little-known battles within the Kennedy administration. They show why JFK rejected the advice of his Keynesian advisors, turning instead to the ideas proposed by the non-Keynesians on his team of rivals. We meet a fascinating cast of characters, especially Treasury Secretary Douglas Dillon, a Republican. Dillon’s opponents, such as liberal economists Paul Samuelson, James Tobin, and Walter Heller, fought to maintain the high tax rates—including an astonishing 91% top rate—that were smothering the economy. In a wrenching struggle for the mind of the president, Dillon convinced JFK of the long-term dangers of nosebleed income-tax rates, big spending, and loose money. Ultimately, JFK chose Dillon’s tax cuts and sound-dollar policies and rejected Samuelson and Heller. In response to Kennedy’s revolutionary tax cut, the economy soared. But as the 1960s wore on, the departed president’s priorities were undone by the government-expanding and tax-hiking mistakes of Presidents Johnson, Nixon, Ford, and Carter. The resulting recessions and the “stagflation” of the 1970s took the nation off its natural course of growth and prosperity-- until JFK’s true heirs returned to the White House in the Reagan era. Kudlow and Domitrovic make a convincing case that the solutions needed to solve the long economic stagnation of the early twenty-first century are once again the free-market principles of limited government, low tax rates, and a strong dollar. We simply need to embrace the bipartisan wisdom of two great presidents, unleash prosperity, and recover the greatness of America. From the Hardcover edition.

Jfk And The Reagan Revolution

Author : Lawrence Kudlow
ISBN : 9781595231147
Genre : Business & Economics
File Size : 89. 63 MB
Format : PDF, Mobi
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The fascinating, suppressed history of how JFK pioneered supply-side economics. John F. Kennedy was the first president since the 1920s to slash tax rates across-the-board. He was essentially the first supply-sider. Sadly, today s Democrats have ignored JFK s tax-cut legacy and have opted instead for an anti-growth, tax-hiking redistribution program, undermining America s economy. According to liberal conventional wisdom, the great postwar prosperity the most cherished period of American economic history came because we were smart enough to tax the rich at very high rates, expand government spending, and redistribute wealth. Yet in fact, the opposite is true. As JFK realized, high taxes that punished success and fanned class warfare harmed the economy. In the 1950s, when high tax rates prevailed, America endured recessions every two or three years and the ranks of the unemployed swelled. Only in the 1960s did an uninterrupted boom at a high rate of growth (averaging 5 percent per year) drive a tremendous increase in jobs for the long term. The difference was Kennedy s economic policy, particularly his push for sweeping tax-rate cuts. Kennedy was so successful in the 60s that he directly inspired Ronald Reagan s tax cut revolution in the 1980s, which rejuvenated the economy and gave us another boom that lasted for two decades. Lawrence Kudlow and Brian Domitrovic reveal the secret history of American prosperity by exploring the little-known battles within the Kennedy administration. They show why JFK rejected the advice of his Keynesian advisors, turning instead to the ideas proposed by the non-Keynesians on his team of rivals. We meet a fascinating cast of characters, especially Treasury Secretary Douglas Dillon, a Republican. Dillon s opponents, such as liberal economists Paul Samuelson, James Tobin, and Walter Heller, fought to maintain the high tax rates including an astonishing 91% top rate that were smothering the economy. In a wrenching struggle for the mind of the president, Dillon convinced JFK of the long-term dangers of nosebleed income-tax rates, big spending, and loose money. Ultimately, JFK chose Dillon s tax cuts and sound-dollar policies and rejected Samuelson and Heller. In response to Kennedy s revolutionary tax cut, the economy soared. But as the 1960s wore on, the departed president s priorities were undone by the government-expanding and tax-hiking mistakes of Presidents Johnson, Nixon, Ford, and Carter. The resulting recessions and the stagflation of the 1970s took the nation off its natural course of growth and prosperity-- until JFK s true heirs returned to the White House in the Reagan era. Kudlow and Domitrovic make a convincing case that the solutions needed to solve the long economic stagnation of the early twenty-first century are once again the free-market principles of limited government, low tax rates, and a strong dollar. We simply need to embrace the bipartisan wisdom of two great presidents, unleash prosperity, and recover the greatness of America."

Econoclasts

Author : Brian Domitrovic
ISBN : 9781497636293
Genre : Business & Economics
File Size : 30. 44 MB
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The history we can’t afford to forget At last, the definitive history of supply-side economics—an incredibly timely work that reveals the foundations of America’s prosperity when those very foundations are under attack. In the riveting, groundbreaking book Econoclasts, historian Brian Domitrovic tells the remarkable story of the economists, journalists, Washington staffers, and (ultimately) politicians who showed America how to get out of the 1970s stagflation and ushered in an unprecedented quarter-century run of growth and opportunity. Based on the author’s years of archival research, Econoclasts is a masterful narrative history in the tradition of Amity Shlaes’s The Forgotten Man and John Steele Gordon’s An Empire of Wealth.

American Abundance

Author : Lawrence Kudlow
ISBN : 0828111170
Genre : Business & Economics
File Size : 70. 81 MB
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Return To Prosperity

Author : Arthur B. Laffer
ISBN : 9781439169384
Genre : Business & Economics
File Size : 89. 77 MB
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"WE CAN'T TAX AND SPEND OUR WAY BACK TO THE GOOD TIMES." -- Arthur B. Laffer and Stephen Moore When Arthur B. Laffer spearheaded the theory of supply-side economics and became a member of President Reagan's Economic Policy Advisory Board, he took his place as an economic icon. More recently, he joined with Stephen Moore and Peter J. Tanous to write The End of Prosperity -- a clarion call delineating what is wrong with current political approaches to America's present economic challenges. Steve Forbes himself described The End of Prosperity as "brilliantly insightful," saying "READ IT -- AND ACT!" Now Arthur Laffer and Stephen Moore follow the rousing success of The End of Prosperity with a book even more vital to America and Americans, delivering a plan that shows how our country can regain its lost prosperity. With the economy flat on its back, unemployment at a twenty-five-year high, and the housing default crisis still worsening, is this even possible? But America can once again become the land of economic opportunity, and this brilliant new book tells us exactly how. While President George W. Bush and President Barack Obama may hail from different parties, their response to the crisis has been strikingly similar. The Bush-Obama plan is a failure that has produced nothing except a cascade of trillions of dollars of debt. Is the situation hopeless? No, say Arthur Laffer and Stephen Moore resoundingly, the situation is not hopeless. A return to prosperity is still entirely possible...if the correct strategies are followed. In The End of Prosperity, the authors primarily discussed how lower taxes are essential to economic growth. Now, in Return to Prosperity, they detail the other essential components: putting government at all levels on a low-fat diet; emphasizing debt reduction and retirement; and bringing back the investor class in America, where every American can "own a piece of the rock." In a time where most of the proposed solutions are fraught with peril, the argument provides a refreshing counterbalance. The Return to Prosperity is a prescription that gives America the fundamental tools it needs in order to set about recovery. This book is an urgently needed road map to renewed prosperity, and it is vital reading for anyone who worries that the current economy is faltering, with no clear plan articulated for recovery.

Jfk Conservative

Author : Ira Stoll
ISBN : 9780547586007
Genre : Biography & Autobiography
File Size : 84. 44 MB
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“America, meet the real John F. Kennedy.” — Washington Times John F. Kennedy is lionized by liberals. He inspired Lyndon Johnson to push Congress to pass the Civil Rights Act. His New Frontier promised increased spending on education and medical care for the elderly. He inspired Bill Clinton to go into politics. His champions insist he would have done great liberal things had he not been killed by Lee Harvey Oswald. But what if we’ve been looking at him all wrong? Indeed, JFK had more in common with Ronald Reagan than with LBJ. After all, JFK’s two great causes were anticommunism and tax cuts. His tax cuts, domestic spending restraint, military buildup, pro-growth economic policy, emphasis on free trade and a strong dollar, and foreign policy driven by the idea that America had a God-given mission to defend freedom — all make him, by the standards of both his time and our own, a conservative. This widely debated book is must reading for conservatives and liberals alike. “Provocative and compelling . . . Ira Stoll has succeeded in changing our very perception of Kennedy as one of liberalism’s heroes.” — Weekly Standard “An informative analysis of the ways in which JFK did indeed evince his conservative side — he was very religious, open to a free market unencumbered by governmental interference, and staunchly anti-Communist.” — Publishers Weekly

Death By China

Author : Peter Navarro
ISBN : 013236705X
Genre : Business & Economics
File Size : 70. 81 MB
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The world's most populous nation and soon-to-be largest economy is rapidly turning into the planet's most efficient assassin. Unscrupulous Chinese entrepreneurs are flooding world markets with lethal products. China's perverse form of capitalism combines illegal mercantilist and protectionist weapons to pick off American industries, job by job. China's emboldened military is racing towards head-on confrontation with the U.S. Meanwhile, America's executives, politicians, and even academics remain silent about the looming threat. Now, best-selling author and noted economist Peter Navarro meticulously exposes every form of "Death by China," drawing on the latest trends and events to show a relationship spiraling out of control. Death by China reveals how thousands of Chinese cyber dissidents are being imprisoned in "Google Gulags"; how Chinese hackers are escalating coordinated cyberattacks on U.S. defense and America's key businesses; how China's undervalued currency is damaging the U.S., Europe, and the global recovery; why American companies are discovering that the risks of operating in China are even worse than they imagined; how China is promoting nuclear proliferation in its pursuit of oil; and how the media distorts the China story--including a "Hall of Shame" of America's worst China apologists. This book doesn't just catalogue China's abuses: It presents a call to action and a survival guide for a critical juncture in America's history--and the world's.

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