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...
Noteworthy Papers / November 08,2018
The Emerging International Currency Crisis, Currency Boards Can Stave It Off
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...
Noteworthy Videos / August 15,2018
Trump Scares His Former Economic Adviser With Trade Talk | VICE on HBO
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. ...
Noteworthy Videos / March 14,2016
IEA – In Conversation with Dr. Arthur Laffer 2016
The IEA is the UK’s original free-market think-tank, founded in 1955. ...
Study / September 01,2015
Economic Chartbook for West Virginia
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...
Articles, Study / May 11,2015
Revisiting the Reagan Tax Cuts
Jimmy Pethokoukis, a columnist and blogger at the American Enterprise Institute, recently appeared on my friend Bill Bennett’s radio show. Based on his comments on Bill’s show, Jimmy wrote an article entitled “The right needs to get real on Reaganomics,” claiming that the Reagan tax...