Quotes About Laffer Curve

The Laffer Curve illustrates the basic idea that changes in tax rates have two effects on tax revenues: the arithmetic effect and the economic effect.

He rejected with scorn as crude, novel and unproven the notion associated with the US economist Art Laffer that marginal tax cuts could yield substantially higher tax revenues and that they had a crucial role in accelerating economic growth.8 And he also favoured according a role to the exchange rate that orthodox monetarists would not.

The university system has been monopolized by a group of folks who believe that it's no longer worthwhile debating the evidence on tax rates, or whether the Laffer curve is right, or whether Keynesian policies actually promote economic growth. They

I used the so-called Laffer Curve all the time in my classes and with anyone else who would listen to me to illustrate the trade-off between tax rates and tax revenues.

The Laffer Curve, by the way, was not invented by me.