Tag Archive for: laffer curve

The Laffer Curve And Austrian School Economics

Laffer Curve

Jude Wanniski, a writer for the Wall Street Journal, coined the term “Laffer Curve” after a concept promoted by economist Art Laffer.Laffer himself says the idea goes back to the 14th century The idea is that if one wants to maximize the government’s tax revenue, there is an optimal tax rate. (Ignore for the moment […]