The End of Prosperity: How Higher Taxes Will Doom the Economy - If We Let It Happen
Recorded on February 9, 2009
Location: The Heritage Foundation's Allison Auditorium
Since the early 1980s, the United States has experienced a wave
of prosperity almost unprecedented in history in terms of wealth
creation, new jobs, and improved living standards for all. During
the past quarter century, Americans changed the incentive structure
on taxes, inflation, and regulation, and as a result the economy
roared back to life after the anti-growth, high-inflation
Now the rest of the world is following the American economic
growth model of lower tax rates, more economic freedom, and sound
money. Paradoxically, one country is moving away from these growth
policies and putting its prosperity at risk - America.
Economist Stephen Moore of The Wall Street Journal
editorial board and his co-authors Arthur Laffer and Peter J.
Tanous provide the factual information every American needs in
order to understand exactly how we achieved the prosperity many
people have come to take for granted. The End of
Prosperity examines how all Americans face the risk of losing
the exceptional standard of living that has made us the envy of the
rest of the world if the pro-growth policies of the last
twenty-five years are reversed and abandoned.