Word: 1970s
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Dates: during 2000-2009
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...idea that high tax rates brought diminishing returns was not controversial or even new--Laffer traces it to 14th century Muslim philosopher Ibn Khaldun. But few economists in the 1970s even considered that real-world tax rates could be on the wrong side of the Laffer Curve. Laffer thought they might be, and Wanniski argued on the Journal's editorial page and elsewhere that they almost certainly were. The claim became a key plank of Ronald Reagan's successful 1980 campaign for President...
...course, big families never really disappeared. Immigrants tend to have more kids, as do Mormons, some Catholics and a growing cadre of fundamentalist Christians. But in the U.S. today, the average number of children per mom is about 2, compared with 2.5 in the 1970s. While 34.3% of married women ages 40 to 44 had four or more children in 1976, only 11.5% did in 2004, according to the Current Population Survey. Though factoring in affluence can be statistically tricky, an analysis by Steven Martin, associate professor of sociology at the University of Maryland, shows that the proportion of affluent...
...often that you see a product made in Afghanistan. The country is the world's biggest opium producer, but that's not an export government officials shout about. Yet before its descent into chaos in the late 1970s, Afghanistan was famous for its pomegranates, grapes, apricots and other fruit. Since then, as war cut the old trade routes and Afghanistan became isolated, traditional markets have been lost. So what were these pomegranates doing in my local fruit shop? And if they were available in Delhi, why aren't they in North America or Europe, where pomegranate popularity has boomed thanks...
...called the “Experiment”—an early 1970s exercise in co-educational housing that involved the exchange of female students from Harvard’s faraway Radcliffe Quadrangle dormitories with residents from the traditionally all-male houses between the Charles River and the Yard. It was a temporary arrangement—a trial—and, like most experiments, it was supposed to come...
...Arlenis Espinal is a university professor at Simon Rodriguez University and a community leader in the lower-class Caracas neighborhood of 23 de Enero, traditionally a bastion of Chavez support where the President himself votes during elections. Espinal, who has been fighting for social change since the 1970s, at times amid police repression, says more people in her area abstained or voted against the President than in last year's election...