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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: Peter Dierks who wrote (685657)	6/15/2005 9:19:12 AM
From: DuckTapeSunroof	Read Replies (1) \| Respond to of 769670

"IMO there is no optimal peak for the Laffer Curve." I believe that the 'optimal' position for a society would NOT be at the peak... but somewhere to the left of the peak, well down the curve. The problem though, that I was pointing out is that there is no accepted method for determining WHERE a country is on the 'curve', nor even if the bell shape properly models the economic reality of Laffer.... Consequently, Laffer is a useful bit of commonsense to keep in mind... but it can have no greater prescriptive utility until someone answers those fundamental questions.