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The must-read summary of Arthur B. Laffer, Stephen Moore and Peter J. Tanous's book: "The End of Prosperity: How Higher Taxes Will Doom the Economy if We Let it Happen".
This complete summary of "The End of Prosperity" presents the authors' argument that the US is moving away from the very growth policies it invented and that led to its high standard of living. They believe that if taxes continue to rise, the prosperity of the US is seriously at...
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This complete summary of "Perfectly Legal" by David Cay Johnston, an American investigative journalist and economics specialist, outlines his argument that under-taxing the wealthy is only making them wealthier to the detriment of everybody else in the country. He maintains that progressive taxes, based upon the ability to pay would help to level the playing field between the rich and the poor and allow the creation of a middle class.
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This complete summary of "The Case for Big Government" by Jeff Madrick, a renowned economist, presents his argument in favour of a big government of high taxes and wise regulations, which in the past has fostered greatness and prosperity. He demonstrates that political conservatives are wrong about favouring a small government and returning to 19th-century principles, while left-wing politicians are gradually abandoning the efforts of the Great Society,...
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The must-read summary of George Soros' book: "The New Paradigm for Financial Markets: The Credit Crisis of 2008 and What It Means".
This complete summary of "The New Paradigm for Financial Markets" of George Soros, a prominent businessman and political activist, shows that we are currently in the midst of the most serious financial crisis since the Great Depression of the 1930s. In his book, the author explores the reasons behind this new crisis...
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The must-read summary of John Lanchester's book: "I.O.U.: Why Everyone Owes Everyone and No One Can Pay".
This complete summary of "I.O.U." by John Lanchester, a renowned journalist and economist, outlines his analysis of the causes of the financial crisis and offers solutions to avoid such scenarios in the future.
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• Understand the financial crisis and its causes
• Expand your knowledge of economics
To...
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The must-read summary of William Bonner and Addison Wiggin's book: "Empire of Debt: The Rise of an Epic Financial Crisis".
This complete summary of "Empire of Debt" by William Bonner and Addison Wiggin, two bestselling financial authors, presents the writers' in-depth look at the economic position of the US and explain what led to the situation where government control of the economy, deficit spending and fearless military adventurism have replaced...
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The must-read summary of Charles R. Morris's book: "The Trillion Dollar Meltdown: Easy Money, High Rollers, and the Great Credit Crash".
This complete summary of "The Trillion Dollar Meltdown" by Charles R. Morris, a legal and financial expert, outlines his argument that the reason for the credit crunch was the reckless financial environment in which we had been operating. He explains the reasons for the creation of the greatest credit bubble in...
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The must-read summary of Robert J. Shiller's book: "The Subprime Solution: How Today's Global Financial Crisis Happened, and What to Do About It".
This complete summary of "The Subprime Solution" by Robert J. Shiller, Nobel Laureate and economist, outlines his explanation of how the subprime mortgage crisis arose and his solutions to resolve it. He believes that a restructuring of the institutional foundations of the financial system is necessary...
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The must-read summary of Brian S. Wesbury's book: "It's Not as Bad as You Think: Why Capitalism Trumps Fear and the Economy Will Thrive".
This complete summary of "It's Not as Bad as You Think" by Brian S. Wesbury, a renowned American economist, outlines his argument that the financial future may be hard to predict, but it will in the end be profitable as entrepreneurs don't give up, He illustrates how everyone will be able to benefit from great...
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The must-read summary of Glenn Beck's book: "Broke: the plan to restore our trust, truth and treasure".
This complete summary of "Broke" by Glenn Beck, a Conservative political commentator, presents the author's argument that America is facing challenging times and that a scenario must be implemented to restore the American dream. He questions the recklessness of recent administrations and criticises progress at the expense of traditional values...
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The must-read summary of Tom A. Coburn's book: "The Debt Bomb: A Bold Plan to Stop Washington From Bankrupting America".
This complete summary of "The Debt Bomb" by Tom A. Coburn, an American politician, presents his explanation that the greatest threat America is facing is the unsustainable borrowing and spending of the government. He argues that America was going bankrupt long before the economic downturn and calls for action and structural reforms.
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The must-read summary of Peter G. Peterson's book: "Running on Empty: How the Democratic and Republican Parties Are Bankrupting Our Future and What Americans Can Do About It".
This complete summary of "Running on Empty" by Peter G. Peterson, an American businessman and investment banker, presents his argument that runaway deficits have an impact on our economic future and offers solutions to the American government as to how to ensure our children's...
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This complete summary of "Three Billion New Capitalists" by Clyde V. Prestowitz, a prominent economist, presents his insight into the economic future of America and the world, and shows that America faces a serious competitor, since wealth and power are shifting to Asia.
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• Save time
• Understand global political power shifts and macroeconomics
• Expand your knowledge of international politics and economics
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The must-read summary of Steve Forbes's book: "Flax Tax Revolution: Using a Postcard to Abolish the IRS".
This complete summary of "Flat Tax Revolution" by Steve Forbes, editor-in-chief of the renowned Forbes magazine, presents the author's argument that it is time to abolish the IRS and summarises the benefits of implementing a flat tax.
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• Understand how a flat tax rate would benefit the American...
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The must-read summary of Katrina vanden Heuvel's book: "Meltdown: How Greed and Corruption Shattered Our Financial System and How We Can Recover".
This complete summary of "Meltdown" by Katrina vanden Heuvel, a renowned American editor, presents a collection of contributions on the financial crisis and analyses what the Obama administration may be able to do to ensure a more secure future for everyone.
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The must-read summary of Joel L. Fleishman's book: "The Foundation: A Great American Secret; How Private Wealth is Changing the World".
This complete summary of "The Foundation" by Joel L. Fleishman presents his examination of private wealth and private foundations, a lesser-known sector in the US. He highlights their strengths and weaknesses and illustrates how they could vitally spur on the economy.
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The must-read summary of Robert Skidelsky's book: "Keynes: Return of the Master".
This complete summary of "Keynes: Return of the Master" by Robert Skidelsky, an award-winning economic historian, presents the author's argument that Keynes's ideas are of particular use and relevance following the financial crisis to provide a response to the question of whether there is an alternative when capitalism fails. He claims that Keynesian economics is a...
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The must-read summary of Burton W. Folsom Jr.'s book: "New Deal or Raw Deal?: How FDR's Economic Legacy Has Damaged America".
This complete summary of "New Deal or Raw Deal?" by Burton W. Folsom Jr., a renowned American historian, presents the author's view that Franklin D. Roosevelt's idyllic legend is nothing more than a myth. He highlights the inconsistencies and wastefulness of his administration, which failed to properly confront the economic...
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The must-read summary of Daryl Collins, Jonathan Morduch, Stuart Rutherford and Orlanda Ruthven's book: "Portfolios of the Poor: How the World's Poor Live on $2 a Day".
This complete summary of "Portfolios of the Poor" outlines the authors' assessment of how the world's poorest billion people find solutions to living on such a small income. They demonstrate that they are surprisingly resourceful and usually employ financial tools that are linked...
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This complete summary of "Economic Facts and Fallacies" by Thomas Sowell, a renowned economist and social theorist, presents the author's exposure of some of the most popular economic myths that are often disseminated by the media and politicians.
Added-value of this summary:
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• Understand how and why economic myths are often portrayed as fact
• Expand your knowledge of economics
To learn more, read "Economic Facts and Fallacies"...
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