The Laffer Curve In Practice—An Untold Fiscal Menace

At lunch this week an unusually intelligent and well-informed friend (i.e. a conservative) reminded us that when it comes to America’s massive budget deficits and soaring public debt, “growth” is where it’s at. The implication was that the fiscal math of incremental GDP growth, such as 4% per annum versus 3%, is so potent over […]
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