Dr. Laffer is interviewed about the origin story of “The Laffer Curve,” his involvement in political and economic history, taxes during the Great Depression, the use of tariffs, and if the United States would ever add a consumption tax....
Articles / December 12,2021
When You’re Right, Well, You’re Right: Laffer Curve
In this lesson, Dr. Laffer details the origins, practical uses, and theory behind the Laffer Curve. The Laffer Curve looks at the relationship between tax rates and tax revenues. The basic theory behind this relationship is that changes in tax rates have two effects on...