Word: laffer
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Lafayette Laffer...
...president balance the books with more aplomb than in the first term and don't let that Laffer curve confuse our dear president any more than necessary...
Procrastinators and large families are great fans of the service. Traci Laffer of Los Angeles, the wife of supply-side Economist Arthur Laffer, figures that she has used Federal Express 20 times in the past year. Shipments to her traveling husband or the Laffer children away at school have included cufflinks, homework, a party dress and a computer part. Says she: "My husband thinks I'm crazy, but when you need something quickly it's the only way to get it there...
...Liberals (Folkpartiet) the Conservatives (called the Moderates) and his own Center parts. This coalition government united only by its opposition to the Social Democrats, suffered the same in-fighting that has plagued the heterogeneous. Republican party since Reagan's election. And though the Swedes fell short of Laffer's napkin-based whimsy in their economic policies, they too were trapped between a mountainous government spending deficit and the campaign promise to control taxes...
Another chapter, on the Laffer curve, features Arthur Laffer defending his famous doodle, and David Henderson, senior staff economist for the Council of Economic Advisers, concluding that any case for tax cuts based on that model "is a castle made of sand." Whoever is right, the arguments are worth reading...