We may receive a commission on purchases made from links. "You can explain it to a congressman in six minutes, and he can talk about it for six months," Hal Varian, an economist, once noted of the tax ...
What is the Laffer curve? If you read last week’s column, it’s an unjustifiable justification of supply-side economics. If you’re an economist, it’s nothing more than a graph imagining a hypothetical ...
The Laffer Curve charts a relationship between tax rates and tax revenue. While the theory behind the Laffer Curve is widely accepted, the concept has become very controversial because politicians on ...
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.
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