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Full Description
The first edition of The Growth Experiment , originally published in 1990 as a response to critics of the Reagan-era tax cuts, became a kind of bible for proponents of supply-side economics. This new and updated edition, which explores the economic effects of America's tax policy over the last five presidential administrations, makes a bold and timely argument against the centrepiece of Obama's economic policy,increasing taxes on the wealthy. Lawrence Lindsey provides a data-rich argument showing that because of changes in human behaviour prompted by tax cuts, lowering taxes on the wealthy costs" the treasury far less than most economists calculate and creates an economic boon to middle and lower income earners. Sure to be controversial, The Growth Experiment Revisited is essential reading for anyone looking to understand the arguments at the heart of this most fractious of American policy debates.
Contents
PART I The Great Experiment: The 1980s 1. The Revolution of '81 2. The Psychic Taxpayer 3. Camelot Capitalism and Keynesian Crisis 4. The Great Experiment 5. Did the Rich Get Richer? 6. Who Made the Deficit? 7. Why No Inflation? 8. A Deluge of Debt? 9. The World's Tax Cut 10. One Step Sideways 11. Of Revenue and Righteousness 12. The Great Surplus of '99 PART II Updating the Lessons: The New Century 13. That Was Then, This Is Now 14. The Roaring Nineties 15. The Bubble Years 16. The Bubble Bursts: Patching It Using Keynesian Policies with a Supply-Side Twist 17. Forward: Deeper Into the Morass 18. Pro-Growth Tax Policy for the Twenty-First Century
