The voluble discussion over the prospective nomination of Stephen Moore to the Board of Governors of the Federal Reserve System was undisciplined in many ways, not least in its characterization of the monetary history during the crucial decade of the 1980s. Bloggers and reporters, especially at the...
Federal Reserve Chairman Paul Volcker all but advocated a price rule for monetary policy beginning in the latter half of 1982. He despaired of the major options to a price-rule, namely quantity and interest-rate targeting, and urged that instead, the exchange value of the dollar...
Currency boards have attracted increasing interest in recent years—and months—because signs of another international monetary crisis are beginning to gather. The prevailing monetary system does not comport with the actual monetary order of the world. Currency boards can, on all important criteria, close the currently...
Art Laffer was an economic advisor to President Trump's 2016 campaign — and he says Trump's trade war rhetoric scares the hell out of him. ...
The IEA is the UK’s original free-market think-tank, founded in 1955. ...
These series of charts offers a snapshot of West Virginia’s economic climate and how the state compares with other U.S. states. The charts were included in Dr. Laffer’s remarks to the West Virginia Chamber of Commerce’s Annual Meeting on September 2, 2015. Link to study: West...
For many countries around the world, the challenge of administering effective tobacco taxation has been to ensure the optimal level and structure of taxation that achieves the public health and public finance goals of governments. As I pointed out in my book, Handbook of Tobacco Taxation:...
President Obama’s FY 2016 budget plan includes a proposal to deny the standard business cost deduction to U.S.-based, foreign-owned companies for reinsurance premiums they pay to foreign reinsurance affiliates. That same proposal is carried over, though never enacted, from President Obama’s budgets for several recent...
