Synopses & Reviews
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 Americas tax policy over the last five presidential administrations, makes a bold and timely argument against the centerpiece of Obamas 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.
Review
A valuable project.... Lindsey makes a convincing case that Mr. Bush doesn't receive nearly the credit he deserves for steering the economy clear of a mini-depression in the early 2000s.... What is beyond dispute, after reading Mr. Lindsey's book, is that tax rates have a direct effect on the health of the economy, a lesson that the current Obama administration has chosen to ignore.”
The Wall Street Journal
I read The Growth Experiment in college, and it taught me an important lesson: Taxes matter. They help shape peoples decisions. In this new edition, Larry Lindsey introduces supply-side economics to the next generation. And he shows that the best way to spur economic growth is to keep taxes low, simple, and fair.”
Paul Ryan
This book was the Wall Street Journal editors primer when it came out, and can serve as a primer again for all who value growth today. Lindsey is that rare figure in economics, both sage and honest broker. His magnanimity and wisdom shine a light on the economic topic, illuminating our (tax) path forward.”
Amity Shlaes, author of Coolidge
There are few, if any, thought leaders who can match Larry Lindseys depth of knowledge, analytical rigor, and insight into the major economic and policy issues of our time. The Growth Experiment, was important when it was first issued 25 years ago. The Growth Experiment Revisited is even more important and compelling.”
Frank Blake, CEO of The Home Depot
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 1980s1. 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 Worlds 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