Description
The definitive history of supply-side economics—the most consequential economic counterrevolution of the twentieth century—and an incredibly timely work that reveals the foundations of America's prosperity at a time when those very foundations are under attack.
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Domitrovic (history, Sam Houston State U.) examines America's last economic crisis, the "stagflation" of the 1970s, and how economists, journalists, Washington staffers, and politicians helped America get out of the recession through supply-side economics. He relates how economist Robert Mundell and Arthur Laffer, Wall Street Journal editor Robert Bartley, congressman Jack Kemp, economic forecaster Norman Ture, reporter Jude Wanniski, and other figures demonstrated how the income tax and the Federal Reserve play a primary role in starting and perpetuating an economic crisis, and how tax cuts and stable money were the key to economic growth. Annotation ©2010 Book News, Inc., Portland, OR (booknews.com)
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