Every so often it’s useful to remember for readers the dismissive line from John Maynard Keynes about his numerous disciples in the economics profession. Asked admiringly about his flock by Friedrich Hayek, Keynes referred to them as “fools.”
Arthur Laffer is far too gracious to say the same about self-proclaimed supply siders, but the wager here is that he not infrequently sighs about some who claim kinship. Probably more bothersome are the critics who don’t know what they’re criticizing.
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