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The Laffer Curve

Been wondering about this for a long time… I never had any doubt that we sat firmly on the left side of the curve, but I’ve never seen anyone actually do the math. Well, cosmology blogger Sean Carroll apparently has access to more than just the abstract of a paper which does so, and he gives us a brief run-down.

The Laffer Curve tells us absolutely nothing about any question on taxation, revenue, and deficits, except whether revenue will continue to increase if taxes are raised. It’s a good thing to know, especially as you approach the point where it won’t. But the all the other questions remain open…

Anyway… I’m glad to see someone has done the math on it.

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