Word: laffer
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...Arthur Laffer formulates his supply-side economic theories, which hold that reducing federal taxes spurs economic growth and, eventually, increases federal revenues...
...mania for analysis that has bred a rigorous, unique intellectual honesty. In the Reagan Administration economic policymaking was guided not by analysis but by conclusions--specifically a belief in so-called supply-side economics. No matter what the data showed, the results among Reagan-era economists like Arthur Laffer were always the same: tax cuts and less regulation were the solution. Rubin, Greenspan and Summers have outgrown ideology. Their faith is in the markets and in their own ability to analyze them. "It's unusual," Greenspan says. "In Washington usually you come to the table, and everyone meets...
Enter eight reindeer, to the sound of sleigh bells. Supply-side theory, developed by Jude Wanniski and Arthur Laffer and passionately advanced by New York Representative Jack Kemp, held that sharp cuts in income taxes would actually increase government revenues by unleashing the pent-up power of the economy. Jobs and higher wages would explode like popcorn, from which higher tax revenues would follow, despite the lower rates. In no time, the supply-side theory went from being a disputed intellectual curiosity to being the unofficial doctrine of the party. It made possible a new, infinitely optimistic Republicanism, one that...
Pushing Forbes into this long-shot investment is a group of supply-side economists desperate to return to their glory days. Their movement first emerged in the '70s, when a handful of conservative thinkers--economists Arthur Laffer and Robert Mundell, along with the editorial-page writers of the Wall Street Journal--gazed on a new idea. If you cut tax rates, the thinking went, people would keep more of their earnings, work harder, and the economy would boom. Since the supply-side message flew in the face of G.O.P. economic orthodoxy, they cried in the wilderness until they were heard...
...Seven Fat Years, Bartley calls for a return to the policies that, he says, made the '80s a glorious epoch. Packed with statistics and sometimes eye-glazing arguments, the book tells how Bartley and such fellow supply- siders as economist Arthur Laffer and journalist Jude Wanniski cooked up the recipe for Reaganomics over meals at a Wall Street watering hole called Michael 1. The basic ingredients were tax cuts and a monetary policy capable of producing low and stable interest rates. "As 1982 drew to a merciful close," Bartley writes, "both sides of the Michael 1 prescription were finally coming...