Laffer's Laughable Anti-Stimulus Argument

While he’s always had detractors, Laffer also had a lot of fervent fans back in the day. But his latest excursion into the public debate has drawn harsh criticism not only from liberal economists like Berkeley’s Brad DeLong  but also from stimulus-hating, anti-Keynesian economists you might expect to agree with the Laffer line. The consensus? Laffer seems to have forgotten, or ignored, some pretty basic concepts in economics. In other words, Laffer is getting laughed off the economic stage.