President Coolidge and the Laffer Curve

posted by
March 14, 2013
Ludwig von Mises Institute
by John P. Cochran  
Posted in Commentary

"Shlaes presents Coolidge as an alternative model for conservatives especially compared to a more recent idol, Ronald Reagan. Shlaes’s criticism of President Reagan is very similar to Rothbard’s. Shlaes points out that Reagan 'was of course a tax cutter, reducing the top marginal rate from 70 to 28 percent. But his tax cuts -- which vindicated supply-side economics by vastly increasing federal revenue -- were bought partly through a bargain with Democrats who were eager to spend that revenue.'" (03/14/13)  

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