The Laffer Curve is one of the most hotly contested concepts in political economy. It's absolutely and entirely uncontroversial in economics of course, but politics can do strange things to peoples' intelligence. All that it's really saying is that there's a tax rate at which revenue collection is maximised. The how and they why can be argued about, but that's the central finding.
In Which We Spot The Laffer Curve In The Wild
Tim Worstall, Contributor, Forbes
Sun, 01/20/2013 - 9:36am
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