Way Back

With the economy flat on its back, unemployment at a twenty-five-year high, and the housing default crisis still worsening, people are eager to learn how America can become the land of economic opportunity and prosperity again. While Keynesian economist Paul Krugman offered his analysis of the crisis in the New York Times bestselling book, The Return of Depression Economics and The Crisis of 2008, supply-side economist Arthur B. Laffer, who helped design the policies that pulled America out of the low-growth, high-inflation 1970s and put the economy on the track that led to twenty-five years of prosperity, presents a completely different prescription for restoring America’s economic health.

Asserting that the Bush-Obama plan is a failure that has only produced a cascade of trillions of dollars of debt, Dr. Laffer identifies the common sense principles of good economic behavior and lays out the changes that must be made in Fiscal Policy, Monetary Policy, Trade Policy, and Incomes Policy to get the U.S. economy growing again. The Way Back presents an urgently needed road map to recovery from one of America’s most distinguished and highly experienced economists.

Arthur B. Laffer, Ph.D. is the founder and chairman of Laffer Associates, an economic research and consulting firm.  A member of President Reagan's Economic Policy Advisory Board for both of his two terms, he invented the Laffer Curve and triggered a world-wide tax-cutting movement in the 1980s.  Dr. Laffer received a B.A. in economics from Yale University and received a MBA and Ph.D. in economics from Stanford University.

Stephen Moore, an economist and policy analyst who founded and served as president of the Club for Growth from 1999 to 2004, is a member of the Editorial Board of The Wall Street Journal and a Senior Economics Writer at The Journal.