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An Evaluation of the current Economy with theoritical proposals to alter economic performance. It provides insight into the historical economic position of the United States, how it derived, and what failings caused recessive conditions. It finishes with a proposed tax system to improve the Economy.
The Economy, Today, faces systemic problems mainly based upon an unfair imposition of taxes. The Author attempts to outline the economic history of the United States, highlighting what has historically brought on recessive economic conditions. He outlines the various economic theories which try to explain the cause of recessive conditions, giving basic expression to Keynesianism, Monetarism, Supply-Side theory, and Free Trade v. Protectionism. He extends the basic theory of Tax-Policy Economics, a new theoritical group of which he is a member.
The Author goes on to point out flawed Governmental policies which brought on, or worsened, the recessive economic conditions of the times. He continues to examine Government Tax policy, with the disadvantages associated with this policy. He also shows how Government regulation of basic economic functions could be altered for the benefit of all. He presents a new, substitute tax system, having as root a much different tax policy for the Government. He finishes with examination of Government expenditures, and what these expenditures do to economic performance.