ON-Lion Letter
America's economic future is uncertain.  Mired in a long, crippling economic slump and hamstrung by bitter partisan debate about the growing debt and the role of government, the nation faces substantial challenges, exacerbated by a dearth of vision and common sense among its leaders.

In his new book First Principles:  Five Keys to Restoring America's Prosperity, Bradley Prize recipient 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.

Taylor is the George P. Shultz Senior Fellow in Economics at the Hoover Institution and the Mary and Robert Raymond Professor of Economics at Stanford University.  He chairs Hoover's Working Group on Economic Policy, which is substantially supported by The Lynde and Harry Bradley Foundation in Milwaukee.

Channeling his high-level experience as both a policymaker and researcher, Taylor's First Principles, from W. W. Norton & Company, zeroes in on current policy issues -- the budget, monetary policy, government regulation, tax reform -- and lays out in simple terms bold strategies designed to place the country on sound footing in each of these areas.
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