Tuesday, December 09, 2014

A trilogy of wrong, illustrated

Laffer Curve: Napkin Doodle Launched Supply-Side Economics - Businessweek

What a remarkable idea - bringing together three Republican stars, all of whom have been shown to be involved in decisions that went badly wrong:

That's Laffer, in the middle.

(OK, Laffer may not be completely wrong; but his idea gave rise to tax cutting exercises that simply did not work, and tax cut worship that persists to this day on the Right.)

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