Word: laffer
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Ideas develop at their own pace, but American intellectual movements these days tend to be born over lunch. Supply-side economics flowered in 1974 when economist Arthur Laffer drew tax and revenue curves on a cocktail napkin. For communitarianism, the seminal breaking of the bread came last summer at the faculty club at George Washington University, where Etzioni teaches; his luncheon companion was political scientist William Galston, the issues director of Walter Mondale's 1984 presidential campaign. Sensing a shared perspective, Etzioni plied Galston with hypothetical conflicts. Are sobriety checkpoints for drivers of motor vehicles an infringement of civil liberties...
...need to pay for badly needed improvements in their roads, schools and environment. "They are ready to put their money where their mouths are," says former San Francisco mayor Dianne Feinstein, winner of the state's Democratic gubernatorial primary. "I think it signals a new day." Even Arthur Laffer, the supply-side economist who was instrumental in enacting Proposition 13, declared the end of the revolution he helped usher in. "If the state where the tax revolt was invented rejects it," he glumly asks, "can Washington be far behind...
Arthur B. Laffer...
...June 3 Republican primary for the Senate seat now held by Democrat Alan Cranston, 71. The candidates are wildly diverse, ranging from Zschau, a millionaire Silicon Valley Congressman, to Eldridge Cleaver, the former Black Panther leader; from right-wing TV Commentator Bruce Herschensohn to Supply-Side Economist Arthur Laffer to indicted-then-unindicted Congresswoman Bobbi Fiedler...
Among the eight stragglers is Arthur Laffer, 45, the supply-side economist whose "Laffer Curve," first sketched on a cocktail napkin, helped convince President Reagan that lower taxes would produce more Government revenue through economic growth. Laffer, a big-ticket lecturer and Pepperdine University professor, is consistently the most original and provocative in his policy proposals (place a large bounty on terrorists; allow free entry of Mexicans as European-style "guest workers"). He admits to inexperience as a campaigner but maintains ebullient good humor...