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 centerpiece of Obama's economic policyincreasing taxes on the wealthy. Lawrence Lindsey provides a data-rich argument showing that because of changes in human behavior 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.
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About the Author
Lawrence Lindsey is President and Chief Executive Officer of The Lindsey Group and one of the chief architects of the Bush tax cuts. Lindsey lives in Northern Virginia.
Table of 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