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Politics : Politics for Pros- moderated
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To: Ilaine who wrote (126957)7/22/2005 8:45:29 PM
From: JohnM  Read Replies (3) of 793706
 
To understand the Laffer argument -- ask yourself -- what is more damaging to the economy, taxes too high or taxes too low?

Not the Laffer argument. That argument, in its simplest and most understandable form for all of us econ dummies, is that one increases the flow of tax revenue by cutting taxes. The 80s were about as strong a refutation of that argument as one could get. It took Clinton's bond market arguments to straighten that out.
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