The 4% Solution: Unleashing the Economic Growth America Needs [Hardcover]

Foreword by President George W. Bush

With contributions from world renowned economists and Nobel prizewinners,The 4% Solutionis a blueprint for restoring America’s economic health
 
The United States is reaching a pivotal point in its economic history. Millions of Americans owe more on their homes than they are worth, long-term unemployment is alarmingly high, and the Congressional Budget Office is projecting a sustainable growth rate of only 2.3%—a full percentage point below the average for the past sixty years. Unless a turnaround comes quickly, the United States could be mired in debt for years to come and millions of Americans will be pushed to the sidelines of the economy.
 
The 4% Solutionoffers clear and unflinching ideas on how to revive America’s economy. It sets a positive economic goal and asks some of the top economic minds on how to achieve it. With a focus on removing government constraints,The 4% Solutiondefines the policies that will allow Americans to save, invest, and create the jobs that the United States needs.
 
The 4% Solutiondraws on the best minds in the business, including five Nobel laureates:
 
·        Robert E. Lucas, Jr.,on the history and future of economic growth
·        Gary S. Beckeron why we need immigrants in order to grow
·        Edward Prescotton the cost (to growth) of the welfare state
·        Vernon Smithon why housing leads us into and out of recessions
·        Myron Scholeson why we need to innovate in order to grow the economy

The George W. Bush Institute is the policy research arm of the Bush Presidentls)