The #LafferCurve Doesn’t Work Like That!!
Oh man. I really do not like Megan McArdle. Weasels like her and Ezra Klein are only just now sounding the alarm on ObamaCare after it is starting to really fall apart. But I really did not come here to talk about ObamaCare. I was reading Megan McArdle’s article about Keynesianism, where she just mows it down like a freight train: I find it interesting | Read More »
The wrong spot on the Laffer curve
For those of you who don’t know, the Laffer curve is based on a simple premise: If there is a 0% tax rate the government collects $0 If there is a 100% tax rate the government collects $0 (nobody does any work so there is nothing to tax and everybody starves to death) Somewhere in the middle the collected revenue is maximized. There have been | Read More »
Move Over Keynesian Economics, Cainsian Economics For The Win!
(Via Sunshinestate Sarah) As politcal ads go, this one is awesome!
The Problem With Supply Side Economics
The Problem With Supply-Side Economics Feb. 10 2011 – 8:42 pm | 2,433 views | 0 recommendations | 6 comments By BILL FLAX, Forbes Image via Wikipedia While supply side economics is not new, per legend, it was re-born out of a graph drawn on a cocktail napkin in the ’70s. Dr. Arthur Laffer developed the Laffer Curve based on a simple premise: at 100% | Read More »
Dr. Arthur Laffer on Paul Ryan’s Budget, Taxes and the Economy
Download Podcast | iTunes | Podcast Feed On today’s edition of Coffee and Markets, Brad Jackson and Francis Cianfrocca are joined by Dr. Arthur Laffer of the Texas Public Policy Foundation and the Laffer Center to discuss Paul Ryan’s budget plan, deficits, taxes the economy and more. We’re brought to you as always by BigGovernment and Stephen Clouse and Associates. If you’d like to | Read More »
The Tax Trap
I would like to claim credit for this idea, as I espoused it among friends long before I heard it on the radio. In reality, before writing it I heard it on my daily ride home in the brief segment of the Sean Hannity Show that I listen to before getting annoyed with Sean it and changing to my music station. I have expanded upon what the | Read More »
Dems Tax Plans Could Cut the Legs Out From Beneath Limping Recovery
Contrary to what Democrats would have you believe, it is simply not true that raising taxes is the only way out of our current deficit problems. At best higher taxes could unnecessarily harm the recovery by choking off business growth when other, more economically sound alternatives to reducing our deficits exist. At worst, large tax hikes could doom us to a prolonged crisis and possibly | Read More »