Wednesday, November 21, 2007

Laffer in la-la land

We would like to recommend this latest article on taxation in the New Statesman, about the economist Arthur Laffer. Even Greg Mankiw, former chairman of President George W. Bush's Council of Economic Advisors, scoffs at the Laffer ideology. The New Statesman article is reviewing a book that we have already written about. With a cast of characters including Dick Cheney, the conspiracy theorist Lyndon LaRouche, and a cameo from millionaire lobbyists marching in Washington in hard hats to pretend that they are ordinary Joes, this is a bizarre, funny, and disturbing article. Highly recommended.

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