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Keys to Prosperity Stephen Moore CEN-0571AO. The Greatest Story Ever Told S&P 500: Nominal vs. Real Price Appreciation, Through 7/31/07, semi-log, Jan-66.

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Presentation on theme: "Keys to Prosperity Stephen Moore CEN-0571AO. The Greatest Story Ever Told S&P 500: Nominal vs. Real Price Appreciation, Through 7/31/07, semi-log, Jan-66."— Presentation transcript:

1 Keys to Prosperity Stephen Moore CEN-0571AO

2 The Greatest Story Ever Told S&P 500: Nominal vs. Real Price Appreciation, Through 7/31/07, semi-log, Jan-66 = 100

3 10 Year Treasury Note Yield October 1, 1955 to July 1, 2007

4 Inflation Rate, 1970-2007

5 Education and Medical Prices Skyrocket While Import Prices Drop CPI, Percent Change, 2000 to 2006

6 Historical Growth of the Monetary Base Since 1960 Monthly Percent Change, 12-Month Moving Average

7 NASDAQ, 1996 to August 31, 2007

8 Amazon Split-Adjusted, May-16-1997 to Aug-31-2007

9 Payroll Employment Has Fully Recovered Millions of Jobs, Total Nonfarm Employment, Seasonally Adjusted, January 2000 to August 2007

10 Worker Well-Being

11 The Ever-Improving American Dream

12 Share the Wealth? Income Tax Share and Average Income Tax Rate for the Top 1% of Earners Source: IRS

13 Rich Pay More Than Their Fair Share 2005 Household Income Shares

14 Guns and Butter: Discretionary Spending Explodes

15 Beltway Bonanza Percentage Increase in Federal Spending in Nominal Dollars, 2001 - 2005 Source: Heritage Foundation, based on Office of Management and Budget

16 The Coming Tax Increase Revenues as a Share of GDP Source: Free Enterprise Fund

17 The Laffer Curve

18 Bush's Supply-Side Recovery Real Annual Percent Change

19 Global Post Cards Flat Tax Nations and Their Rates Estonia22%Romania16% Georgia12Russia13 Iraq15Serbia14 Hong Kong16Slovakia19 Latvia25Ukraine15 Macedonia12Jersey20 Guernsey20Albania10 Lithuania27Bulgaria10 Iceland35.7Mongolia10 Kyrgyzstan10Montenegro15 Source: Laffer Associates

20 Templeton Curve for Pay As You Go Social Security Social Security Cash Flow, Present Value in Billions of Dollars

21 Templeton Curve for Ryan-Sununu Social Security Cash Flow, Present Value in Billions of Dollars

22 More 18 to 34 Year Olds Believe in UFOs Than Social Security

23 Cheap Fuel Price of 100 Barrels of Oil as a Percentage of Average Annual Earnings

24 Free Countries are Wealthier and Healthier


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