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The Road to Prosperity: How to Grow Our Economy and Revive the American Dream [Hardcover]

Patrick J. Toomey (Author), Lawrence Kudlow (Foreword)
4.4 out of 5 stars  See all reviews (10 customer reviews)
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Editorial Reviews

Review

"This essential perception—that incentive-driven growth rather than government-sponsored redistribution is the key to real prosperity—is at the heart of former Pennsylvania congressman Patrick Toomey’s lovely little book The Road to Prosperity: How to Grow Our Economy and Revive the American Dream. It's a capitalist manifesto for everyman: clear, concise, down-to-earth and wonderfully compelling. A book to read and absorb, and to consider giving to clients." (Financial Advisor Magazine)

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Praise for The Road to Prosperity

"With clarity, verve, and polish, Pat Toomey brilliantly propounds the principles and practical policies needed to make America—and the world—prosperous again. Ronald Reagan, Adam Smith, and Milton Friedman would vigorously applaud what Pat has put forth here."
—STEVE FORBES

"While many talking heads are tripping over each other to write the political obituary for conservatives, Pat Toomey illustrates how the limited government movement has the best policy answers for the challenges of the twenty-first century. This is a must-read book for any serious student of the limited government movement."
—DICK ARMEY, author of the Contract with America, former House Majority Leader, 1995–2003, and Chairman of FreedomWorks

"Like Ronald Reagan, Pat Toomey has found a way to breathe common sense and economic truth into public policy. Rather than allowing his political views to color his economics, Pat Toomey looks for truth first and only then does he take a political stance."
—Brian Wesbury, Chief Economist, First Trust Portfolios LP

"Anyone who cares about the future of our economy and our country should read Pat Toomey's The Road to Prosperity. If we as Americans want to return to a pro-growth and prosperous future, we will need to embrace the free-market, freedom-driven policies laid out in this book."
—CHRIS CHOCOLA, President, The Club for Growth

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Product Details

  • Hardcover: 254 pages
  • Publisher: Wiley (August 3, 2009)
  • Language: English
  • ISBN-10: 0470394390
  • ISBN-13: 978-0470394397
  • Product Dimensions: 8.6 x 5.8 x 1.2 inches
  • Shipping Weight: 13.6 ounces (View shipping rates and policies)
  • Average Customer Review: 4.4 out of 5 stars  See all reviews (10 customer reviews)
  • Amazon Bestsellers Rank: #490,830 in Books (See Top 100 in Books)

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The Road to Prosperity: How to Grow Our Economy and Revive the American Dream
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Customer Reviews

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Average Customer Review
4.4 out of 5 stars (10 customer reviews)
 
 
 
 
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9 of 9 people found the following review helpful:
5.0 out of 5 stars An Eloquent Defense of Economic Freedom, August 23, 2009
By Tom Wilson (Chicago, IL) - See all my reviews
This review is from: The Road to Prosperity: How to Grow Our Economy and Revive the American Dream (Hardcover)

An eloquent defense of the moral and material superiority of free market capitalism and a powerful counter-argument to the Obama adminstration's big government/nanny state agenda. Toomey begins by discussing in a philosophical manner the principles that are the foundation of economic prosperity, namely: respect for property rights, free markets, restrained government spending and taxation, and a stable currency. He then discusses these principles in context of historical events, demonstrating that adherence to these principles has generally produced positive results, while violation of these principles has created negative outcomes. On the positive side, he discusses the startling growth of Ireland's economy over the last 20 years or so. On the negative side, he shows how FDR prolonged the Depression of the 1930s by interfering in free markets and chilling investment. It's clear as day reading this section that Obama is making many of the same mistakes as FDR. Toomey then discusses taxes, government spending, free trade, and social security, providing cogent policy alternatives that are pro-growth and anti-debt. He devotes a chapter to school choice and argues that a free market approach to eduction would benefit students and ultimatly better prepare American for international economic competition. Finally, he discusses the causes behind the economic meltdown of 2008 -- most of which were government induced -- and argues that the policy response by the Bush and Obama Adminstrations has been wrong-headed and counterproductive. I enjoyed the book. It's engaging and a pleasure to read; it makes strong arguments that are connected to philophical principles and real data; and it does so without demonizing opposing views. I'm going to have my 16 year old read it to counter what he hears in high school. It's a great foundation in free market economics and a powerful statement about what we need to do to reverse the present course and re-invigorate the American economy.


 
4 of 4 people found the following review helpful:
5.0 out of 5 stars A Voice of Sanity, August 23, 2009
By Mary T. Commins "Mary T. Commins" (Antioch, IL United States) - See all my reviews
This review is from: The Road to Prosperity: How to Grow Our Economy and Revive the American Dream (Hardcover)
This book is a voice of sanity in a world that sometimes seems to be going insane. Toomey lays out in a very convincing way what we need to do to grow our economy, produce jobs, and cut government spending. I wish everyone in the news media would read this book. Maybe then they would understand what the Tea Parties and Townhall protests are all about.


 
3 of 3 people found the following review helpful:
5.0 out of 5 stars The Road to Prosperity Is the Same Road that Freedom Built and Maintains, September 2, 2009
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This review is from: The Road to Prosperity: How to Grow Our Economy and Revive the American Dream (Hardcover)
This is an important and very readable review of basic economics and history. Toomey does a terrific job of summing up economic history in America. We are the only nation on Earth that has had true freedom. Others point to ancient Athens, but a huge slave class supported that ancient Democracy. The normal situation in history has been few freedoms and dictatorships of one form or another. America is the gleaming, beckoning exception to history.
Toomey lists the four most important things needed for freedom and prosperity. "They are: private property rights; a relatively unfettered free market; low tax burden and government spending levels; and a stable currency." He examines these four basic points in detail and then returns to them throughout the 254 pages of his book. They are the yardstick he uses to judge whether a government policy will be successful or flop big time.
This reviewer's favorite chapter was the one entitled "Lessons from History: The Great Depression, the Reagan Revolution, and the Celtic Tiger." In that chapter the author states, "How ironic that the very federal government credited with savings us from the Depression actually triggered the stock market crash of 1929, and then turned what probably would have been a brief and ordinary recession into the worst economic contraction in American History." The true causes of the Great Depression are "compounded many times over by our popular misunderstanding of our own history."
After explaining in detail the terrible goofs of Hoover, FDR and Congress that practically destroyed America, Toomey then goes on to show that the present administration is repeating every single one of those economic mistakes and may well turn this recession into another Depression. Just as in Roosevelt's case, Obama is demonizing "The Rich" and the results will prove to be exactly the same with one possible exception. This time, the rich with their wealth will not stand still for being the villain when they are the heroes behind the economy. "Capital goes where it is welcome and stays where it is well treated." And in this global economy, the chilling effect of the current government's attack on entrepreneurs and investors everywhere will result in capital moving overseas in the blink of an eye. Manufacturing and jobs will follow that capitol offshore. The economy will be deprived of investment as well as permanently losing manufacturing jobs.
Patrick Toomey doesn't believe all is lost yet, but it may happen faster than people believe. This is a very good explanation of basic economics as it has worked in the United States and made it the most prosperous and free nation in the history of the world. While it is unlikely to happen with liberals in total control of education, this book should be required reading in high school and/or college. It has a helpful foreword by Larry Kudlow and it also reflects his way of looking at Freedom and Capitalism. This is a much need explanation of complicated economic subjects written in a manner that can easily be understood by almost any reader.

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Most Recent Customer Reviews

5.0 out of 5 stars NOT some crazy "Conservative Manifesto"
- This book is for those who are troubled with the dire direction of our economy and political process.
Published 4 months ago by Joseph C. Sweeney

5.0 out of 5 stars Freedom is Costly: Steps to Preserve Our Liberty!
Patrick Toomey's "The Road to Prosperity," is a well written, easy to understand look at the problems facing The United States and some concrete steps we can take to turn those...
Published 5 months ago by J. Hagg

5.0 out of 5 stars Less Government is Best
Pat Toomey begins his book with a very timely history lesson from the Great Depression. The case is made for why the government policies enacted to lift the country out of the...
Published 5 months ago by Rick Rodgers

4.0 out of 5 stars Toomey or Not Toomey: Economic Questions and Arguments
The authors ridicule what they see as a movement towards more centralized government influence over the economy.
Published 9 months ago by LEON L CZIKOWSKY

5.0 out of 5 stars The American Dream
Toomey's The Road to Prosperity is a vital reminder of how this great country became the most free and most prosperous in history.
Published 11 months ago by George H. Blumel

2.0 out of 5 stars Mostly A Conservative Screed
"The Road to Prosperity" opens with Larry Kudlow telling us that the latest federal budget would double the debt in 5 years and triple it in 10 - at which time it will be 82% of...
Published 11 months ago by Loyd E. Eskildson

3.0 out of 5 stars I just don't know
Folks, I am the first to write a review on this book which I have yet to purchase. I normally wait until I can read dozens of other reviews before buying a book.
Published 12 months ago by D. Brusiee

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