Review of Return to Prosperity by Laffer and Moore.
As a candidate for public office or a political activist, it is easy to ignore the basics, especially when it comes to economics. This election season, this subject is front and center to the exclusion of almost all else, yet most of us get our understanding from a few scattered news wire stories and the occasional Wall Street Journal article (even then, we probably will not read the whole story).
This book is the cure for all this. Laffer’s knowledge and explanations are clear and easy for even the layman to understand thoroughly. It is easy to have one’s political outlook color one’s view of economics; happily, the author has avoided this pitfall. His explanations are spot on, and powered by actual fact and history, not rhetoric or political belief. Of special is note is the chapter on the Great Depression, and the appendix where the author explains his famous graph.
Yes, it is easy to disagree with some of the author’s political judgments and curative prescriptions (he presents his plan for a flat tax, which is just one of many that has made the rounds in recent years), but one cannot help but be impressed by his knowledge and clear-headed thinking.
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