The Road to Prosperity: How to Grow Our Economy and Revive the American Dream

Overview

Capitalism is under attack by leftists who want to remake theUnited States into a European-style welfare state. The Obamaadministration's corporate bailouts, excessive spending, andsweeping expansion of government interference in the privateeconomy are undermining our economy and the hopes and dreams offuture generations. History suggests these policies—if leftunchecked—will prove disastrous.

The Road to Prosperity is a clarion call for a return tothe principles that support ...

See more details below
Other sellers (Hardcover)
  • All (18) from $1.99   
  • New (6) from $4.00   
  • Used (12) from $1.99   

Overview

Capitalism is under attack by leftists who want to remake theUnited States into a European-style welfare state. The Obamaadministration's corporate bailouts, excessive spending, andsweeping expansion of government interference in the privateeconomy are undermining our economy and the hopes and dreams offuture generations. History suggests these policies—if leftunchecked—will prove disastrous.

The Road to Prosperity is a clarion call for a return tothe principles that support economic growth, individualopportunity, and freedom. Written by former Pennsylvaniacongressman and president of the Club for Growth, Patrick Toomey,The Road to Prosperity is a masterful critique of leftisteconomic fallacies and an eloquent exposition of the superiority offree market capitalism as a creator of prosperity and humanhappiness.

Throughout these pages, Toomey argues we should cut taxes,reduce government spending, and end the government micro-managementof banks, carmakers, and other troubled companies. Specifically, asimple, three year moratorium on corporate taxes or a two year, 50%reduction in payroll taxes would cost the same as the stimulusbill, but would provide far more stimulus to the economy. Andinstead of propping up failing companies with taxpayer money,Toomey asserts we should allow these companies to file forbankruptcy and reorganize, which would free up investment capitalfor new, more promising enterprises.

A brilliant exposition of today's economic problems and aspirited defense of capitalism, The Road to Prosperityexplains what we need to do to revitalize our economy and restorethe American Dream.

Read More Show Less

Editorial Reviews

From the Publisher
"This essential perception—that incentive-driven growth rather than government-sponsored redistribution is the key to real prosperity—is at the heart of former Pennsylvania congressman Patrick Toomey’s lovely little book The Road to Prosperity: How to Grow Our Economy and Revive the American Dream. It's a capitalist manifesto for everyman: clear, concise, down-to-earth and wonderfully compelling. A book to read and absorb, and to consider giving to clients." (Financial Advisor Magazine)
Read More Show Less

Product Details

  • ISBN-13: 9780470394397
  • Publisher: Wiley
  • Publication date: 8/3/2009
  • Edition number: 1
  • Pages: 254
  • Product dimensions: 5.80 (w) x 8.60 (h) x 1.10 (d)

Meet the Author

PATRICK TOOMEY  is a former president of the Club for Growth and three-term congressman from Pennsylvania, winning hard-fought elections in a Democrat-leaning district that hadn't voted for a Republican presidential candidate in over twenty years. Toomey also cofounded and cochaired a start-up bank in Pennsylvania that ranks among the healthiest banks in the nation. In Congress, Toomey distinguished himself as a national advocate for limited government, lower taxes, and personal freedom. His dedication to these beliefs earned him recognition from the Council for Citizens Against Government Waste, Americans for Tax Reform, the National Taxpayers Union, and the U.S. Chamber of Commerce. Toomey graduated from Harvard University with a degree in political science.

Read More Show Less

Table of Contents

Foreword.

Preface.

Acknowledgments.

Chapter 1 Principles of Prosperity.

The First Principle: Property Rights—Ownership is theFoundation of Markets.

The Second Principle: Markets Work—Let Them!

The Third Principle: Taxes and Spending—The Lower theBetter.

The Fourth Principle: Stable Money.

Where We Go From Here.

Chapter 2 Lessons from History.

The Federal Reserve’s Great Deflation.

Herbert Hoover Intervenes.

Roosevelt’s Role in Prolonging the Depression.

The Greatest Story Never Told.

How Did This Happen?

Around the World—The Rise of the Celtic Tiger.

What Can We Learn?

Chapter 3 Tax Policy.

How Much to Tax.

Whom to Tax: The Distribution of the Tax Burden.

How to Tax: Be Simple, Transparent, and Neutral.

The Reform We Need.

Freedom and Prosperity.

Chapter 4 Government Spending.

Government Spending Balloons.

Earmarks and Rancid Pork.

Deficits.

Controlling Spending.

Chapter 5 Free Trade Facilitates Economic Growth.

Comparative Advantage.

The Truth About of Trade Deficits.

The Problem with Protecting Certain Industries.

The Siren Song of "Fair Trade".

Our Not-So-Hollow Economy.

Trade Actually Helps Poor Foreign Workers.

Free Trade Works.

Chapter 6 Transforming Social Security.

Personal Accounts Mean Personal Prosperity.

The Proof is in the Pudding.

The Opposition.

Chapter 7 School Choice.

The Problem: Monopoly Breeds Mediocrity.

The Solution: A Competitive Education Market.

Different Kinds of School Choice.

Milwaukee Example—Design and Success.

Arguments Against School Choice Refuted.

Change We Can Believe In.

Chapter 8 The Crash of 2008.

Monetary Policy.

Greenspan’s Defense.

The Legislation and Regulation that Contributed to theCrash.

Mark-to-Market.

Paulson and Bernanke—Contributing to the Crisis They WereTrying to Prevent?

Writing History Matters.

Chapter 9 The 2009 Lurch Left.

Bailouts, Nationalizations, and Asset Purchases.

Mark-to-Market Accounting.

The Bankruptcy Alternative to Bailouts.

Tighten the Federal Belt Instead.

Tax Hikes.

Cut Taxes Instead.

Government-Dictated Industrial Policy Will Fail.

Denying Workers’ Freedom.

Slouching Toward Protectionism.

Cap and Trade (or Cap and Tax).

Conclusion.

Epilogue.

Notes.

About the Author.

Index.

Read More Show Less

Customer Reviews

Be the first to write a review
( 0 )
Rating Distribution

5 Star

(0)

4 Star

(0)

3 Star

(0)

2 Star

(0)

1 Star

(0)

Your Rating:

Your Name: Create a Pen Name or

Barnes & Noble.com Review Rules

Our reader reviews allow you to share your comments on titles you liked, or didn't, with others. By submitting an online review, you are representing to Barnes & Noble.com that all information contained in your review is original and accurate in all respects, and that the submission of such content by you and the posting of such content by Barnes & Noble.com does not and will not violate the rights of any third party. Please follow the rules below to help ensure that your review can be posted.

Reviews by Our Customers Under the Age of 13

We highly value and respect everyone's opinion concerning the titles we offer. However, we cannot allow persons under the age of 13 to have accounts at BN.com or to post customer reviews. Please see our Terms of Use for more details.

What to exclude from your review:

Please do not write about reviews, commentary, or information posted on the product page. If you see any errors in the information on the product page, please send us an email.

Reviews should not contain any of the following:

  • - HTML tags, profanity, obscenities, vulgarities, or comments that defame anyone
  • - Time-sensitive information such as tour dates, signings, lectures, etc.
  • - Single-word reviews. Other people will read your review to discover why you liked or didn't like the title. Be descriptive.
  • - Comments focusing on the author or that may ruin the ending for others
  • - Phone numbers, addresses, URLs
  • - Pricing and availability information or alternative ordering information
  • - Advertisements or commercial solicitation

Reminder:

  • - By submitting a review, you grant to Barnes & Noble.com and its sublicensees the royalty-free, perpetual, irrevocable right and license to use the review in accordance with the Barnes & Noble.com Terms of Use.
  • - Barnes & Noble.com reserves the right not to post any review -- particularly those that do not follow the terms and conditions of these Rules. Barnes & Noble.com also reserves the right to remove any review at any time without notice.
  • - See Terms of Use for other conditions and disclaimers.
Search for Products You'd Like to Recommend

Recommend other products that relate to your review. Just search for them below and share!

Create a Pen Name

Your Pen Name is your unique identity on BN.com. It will appear on the reviews you write and other website activities. Your Pen Name cannot be edited, changed or deleted once submitted.

 
Your Pen Name can be any combination of alphanumeric characters (plus - and _), and must be at least two characters long.

Continue Anonymously
Sort by: Showing all of 2 Customer Reviews
  • Anonymous

    Posted October 17, 2009

    I Also Recommend:

    bring back limited goverment

    congressman pat toomey has writtion a remarkable book "the road to prosperity" which outlines several fine principles which shows how this nation can get back to the lessons of our founding fathers which our goverment has gotten away from and the truth about trade defits this lawmaker has also worked hard with citizens for goverment waste this bestseller showed me that there is too much pork involved in our goverment and its costing us jobs this great page turner is a great blue print for getting our econamy back on track this legislator has some great ideas that need to be put into action. he has the experience and background. great gift idea for a friend and family forn the holidays and birthday

    Was this review helpful? Yes  No   Report this review
  • Anonymous

    Posted December 1, 2011

    No text was provided for this review.

Sort by: Showing all of 2 Customer Reviews

If you find inappropriate content, please report it to Barnes & Noble
Why is this product inappropriate?
Comments (optional)