Wed, 7 January 2015
Over dinner, Arthur Laffer showed off his napkin to Republican leaders.
It became the ultimate free lunch. Cutting taxes would generate more income for government to use on behalf of all of us for bridges, police, natural disasters, and soldiers.
Four decades later, Kansas was the perfect state laboratory in a great experiment that would prove once and for all that Supply Side economics works.
Laffer's napkin had come a long way. Then the economic house tumbled down in Topeka.