Laffer Curve

Among the myriad Republican myths about taxes, the most pernicious and demonstrably false - that "tax cuts pay for themselves" - is the mostly deeply held by the GOP faithful. As President George W. Bush famously (and erroneously) put it, "You Read more...
"I feel stupid," someone said the other day. "I consider myself well-informed, but I have no idea what the term 'austerity economics' really means." Actually it's not that complicated, and most of the lesson plan can be found in today's Read more...
As Ronald Reagan's budget chief almost thirty years ago, a frustrated David Stockman famously lamented that when it comes to spending discipline, "there are no real conservatives in Congress." Now, three decades after he concluded "the Read more...