000466522 000__ 03179cam\a22003494a\4500 000466522 001__ 466522 000466522 005__ 20210513162900.0 000466522 008__ 111128s2012\\\\nyua\\\\\b\\\\001\0\eng\\ 000466522 010__ $$a 2011048147 000466522 019__ $$a774566493 000466522 020__ $$a9780393073393 000466522 020__ $$a0393073394 000466522 035__ $$a(OCoLC)ocn755704945 000466522 035__ $$a466522 000466522 040__ $$aDLC$$beng$$cDLC$$dYDX$$dBTCTA$$dUKMGB$$dYDXCP$$dORX$$dPNX$$dBDX$$dBWX$$dCOO$$dMNE$$dCDX$$dIG#$$dPUL$$dSTF$$dKMS$$dVP@$$dISE 000466522 042__ $$apcc 000466522 043__ $$an-us--- 000466522 049__ $$aISEA 000466522 05000 $$aHG230.3$$b.T395 2012 000466522 08200 $$a339.50973$$223 000466522 1001_ $$aTaylor, John B. 000466522 24510 $$aFirst principles :$$bfive keys to restoring America's prosperity /$$cJohn B. Taylor. 000466522 250__ $$a1st ed. 000466522 260__ $$aNew York :$$bW. W. Norton,$$cc2012. 000466522 300__ $$a235 p. :$$bill. ;$$c22 cm. 000466522 504__ $$aIncludes bibliographical references (p. 207-220) and index. 000466522 5050_ $$aFirst principles work -- Who gets us in and out of these messes? -- Defusing the debt explosion -- Monetary rules work and discretion doesn't -- Ending crony capitalism as we know it -- Improving lives while spiking the entitlement explosion -- Rebuilding American economic leadership. 000466522 520__ $$aOffers a solution for reconstructing the economic foundation using the country's founding principles of economic and political freedom. 000466522 520__ $$aAmerica's economic future is uncertain. Mired in a long, crippling economic slump and hamstrung by bitter partisan debate over the growing debt and the role of government, the nation faces substantial challenges. Prominent Stanford University economist John B. Taylor brings his steady voice of reason to the discussion with a natural solution: start with the country's founding principles of economic and political freedom--limited government, rule of law, strong incentives, reliance on markets, a predictable policy framework--and reconstruct its economic foundation from these proven principles. Channeling his high-level experience as both a policymaker and a researcher, Taylor shows that when we embrace these first principles, the economy prospers. When we abandon them, the economy falters. In a masterful sweep through history, he identifies the key policymakers who stuck to, ignored, or compromised on these principles, drawing lessons from the mistakes and successes of each administration from JFK's to Obama's, as well as from the policies of Arthur Burns, Paul Volcker, Alan Greenspan, and Ben Bernanke, who ran the Federal Reserve during these periods. Neither Democrats nor Republicans wholly own these mistakes and successes. Taylor then zeroes in on current policy issues, applying the first principles. He lays out in simple terms bold strategies to defuse the debt explosion, to reform the Fed so it once again follows rules that work, to reform regulations and put an end to crony capitalism and scattershot bailouts, to transform existing entitlements and improve people's lives, and to rebuild America's global economic leadership. 000466522 650_0 $$aMonetary policy$$zUnited States. 000466522 651_0 $$aUnited States$$xEconomic policy$$y21st century. 000466522 651_0 $$aUnited States$$xPolitics and government$$y21st century. 000466522 85200 $$bgen$$hHG230.3$$i.T395$$i2012 000466522 909CO $$ooai:library.usi.edu:466522$$pGLOBAL_SET 000466522 980__ $$aBIB 000466522 980__ $$aBOOK