{"product_id":"jfk-and-the-reagan-revolution-a-secret-history-of-american-prosperity","title":"JFK and the Reagan Revolution A Secret History of American Prosperity","description":"\u003cp\u003eThe fascinating, suppressed history of how JFK pioneered supply-side economics. \u003cbr\u003e\n John F. Kennedy was the first president since the 1920s to slash tax \u003cbr\u003e\nrates across-the-board, becoming one of the earliest supply-siders. \u003cbr\u003e\nSadly, today s Democrats have ignored JFK s tax-cut legacy and have \u003cbr\u003e\nopted instead for an anti-growth, tax-hiking redistribution program, \u003cbr\u003e\nundermining America s economy.  One person who followed JFK s \u003cbr\u003e\ntax-cut growth model was Ronald Reagan. This is the never-before-told \u003cbr\u003e\nstory of the link between JFK and Ronald Reagan. This is the secret \u003cbr\u003e\nhistory of American prosperity. JFK realized that high taxes that \u003cbr\u003e\npunished success and fanned class warfare harmed the economy. In the \u003cbr\u003e\n1950s, when high tax rates prevailed, America endured recessions every \u003cbr\u003e\ntwo or three years and the ranks of the unemployed swelled. Only in the \u003cbr\u003e\n1960s did an uninterrupted boom at a high rate of growth (averaging 5 \u003cbr\u003e\npercent per year) drive a tremendous increase in jobs for the long term.\u003cbr\u003e\n The difference was Kennedy s economic policy, particularly his push for\u003cbr\u003e\n sweeping tax-rate cuts. Kennedy was so successful in the 60s that \u003cbr\u003e\nhe directly inspired Ronald Reagan s tax cut revolution in the 1980s, \u003cbr\u003e\nwhich rejuvenated the economy and gave us another boom that lasted for \u003cbr\u003e\ntwo decades. Lawrence Kudlow and Brian Domitrovic reveal the secret \u003cbr\u003e\nhistory of American prosperity by exploring the little-known battles \u003cbr\u003e\nwithin the Kennedy administration. They show why JFK rejected the advice\u003cbr\u003e\n of his Keynesian advisors, turning instead to the ideas proposed by the\u003cbr\u003e\n non-Keynesians on his team of rivals. We meet a fascinating cast of\u003cbr\u003e\n characters, especially Treasury Secretary Douglas Dillon, a Republican.\u003cbr\u003e\n Dillon s opponents, such as liberal economists Paul Samuelson, James \u003cbr\u003e\nTobin, and Walter Heller, fought to maintain the high tax rates \u003cbr\u003e\nincluding an astonishing 91% top rate that were smothering the economy. \u003cbr\u003e\nIn a wrenching struggle for the mind of the president, Dillon convinced \u003cbr\u003e\nJFK of the long-term dangers of nosebleed income-tax rates, big \u003cbr\u003e\nspending, and loose money. Ultimately, JFK chose Dillon s tax cuts and \u003cbr\u003e\nsound-dollar policies and rejected Samuelson and Heller.  In \u003cbr\u003e\nresponse to Kennedy s revolutionary tax cut, the economy soared. But as \u003cbr\u003e\nthe 1960s wore on, the departed president s priorities were undone by \u003cbr\u003e\nthe government-expanding and tax-hiking mistakes of Presidents Johnson, \u003cbr\u003e\nNixon, Ford, and Carter. The resulting recessions and the stagflation of\u003cbr\u003e\n the 1970s took the nation off its natural course of growth and \u003cbr\u003e\nprosperity-- until JFK s true heirs returned to the White House in the \u003cbr\u003e\nReagan era. Kudlow and Domitrovic make a convincing case that the \u003cbr\u003e\nsolutions needed to solve the long economic stagnation of the early \u003cbr\u003e\ntwenty-first century are once again the free-market principles of \u003cbr\u003e\nlimited government, low tax rates, and a strong dollar. We simply need \u003cbr\u003e\nto embrace the bipartisan wisdom of two great presidents, unleash \u003cbr\u003e\nprosperity, and recover the greatness of America.\"\u003c\/p\u003e","brand":"Lawrence kudlow","offers":[{"title":"Default Title","offer_id":44215512793148,"sku":"9781595231147","price":797.5,"currency_code":"PKR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0714\/7706\/7836\/files\/jfk-and-the-reagan-revolution-a-secret-history-of-american-prosperity-9781595231147.jpg?v=1776758108","url":"https:\/\/libertybooksstore.myshopify.com\/products\/jfk-and-the-reagan-revolution-a-secret-history-of-american-prosperity","provider":"LibertyBooksStore","version":"1.0","type":"link"}