ron paul ..., page-11

CT

I thught it was economics Professor Arthur Laffer (of the Laffer Curve fame) with his ideas that if you lowered taxes this would result in higher tax receipts from the consequent rise in prosperity (or the "Free Lunch Theory" - better known by Australians as "Magic Pudding Economics").

Recently I have read that Laffer now has concerns about the US economy (due to past and future govt commitments) and fears inflation may be on the way due to the need to inflate away public debt.

I wonder if Laffer will get a Noble prize in economics for his curve?

loki