Tuesday, October 28, 2008

Laffer: The age of prosperity is over

Economist Arthur Laffer, founder of the Republican idea that government can increase revenues by cutting taxes, equates George W. Bush with Herbert Hoover.

FYI: In the past, Art Laffer has been called a quack by Harvard economist Greg Mankiw (also a Republican). Laffer will be a subject of a Flashback post on November 30th, as he is one of the people who denied the existence of the housing bubble.

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