Tag: arthur laffer

Why does anyone still listen to Arthur Laffer?

When I first started studying politics seriously, I read about Arthur Laffer. He is the economic guru behind supply-side economics. He was in fact the intellectual power behind Reagan’s plan to cut taxes for the wealthy so everybody will profit.  To be honest, I don’t know that he has been wrong about everything. Nobody can be wrong about everything, but he has been wrong about most things. Look, as far as I’m concerned, Arthur Laffer may be a great guy. He has, however, led us on a 30-year misguided adventure which has drained our public coffers and has simply killed the

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Rolling around in failure

The GOP is continuing to push for cuts, cuts and more cuts. These cuts will do nothing to help the economy or middle America yet they continue to push. From Political Animal: In 1982, with the economy struggling badly and unemployment pushing 11%, President Reagan agreed to a tax increase. Under the thinking that dominates Republican thought in the 21st century, such a policy would, of course, represent true insanity. After all, “everyone knows” tax increases “kill jobs.” If there was already a jobs crisis, why would Reagan dare do such a thing? At the time, the right was livid, and

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Errington C. Thompson, MD

Dr. Thompson is a surgeon, scholar, full-time sports fan and part-time political activist. He is active in a number of community projects and initiatives. Through medicine, he strives to improve the physical health of all he treats.


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