US EditionLARRY KUDLOW: Happy Birthday Laffer Curve
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LARRY KUDLOW: Happy Birthday Laffer Curve
About 50 years ago, Art Laffer drew a convex curve on a napkin to illustrate the power of tax cuts to two senior officials from the Ford administration named Donald Rumsfeld and Dick Cheney.Unfortunately, they didn’t take his advice, and they raised taxes in order to reduce economic demand, which they erroneously thought would conquer inflation. They were wrong.The economy went into a deep recession and inflation wasn’t conquered until Ronald Re…
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Total News Sources2
Leaning Left0Leaning Right2Center0Last UpdatedBias Distribution100% Right
Bias Distribution
- 100% of the sources lean Right
100% Right
R 100%
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