Warsh’s Argument for Reducing Rates Based on Supply-Side Economics
Now is an unusual time to call for a rate cut The most straightforward argument against cutting rates is that inflation is still running high while unemployment remains low. Wages are increasing, consumer spending seems resilient even with fluctuating gas prices, and the market appears to have largely abandoned hopes that the Fed will ease […]
Celebrating 50 Years of Arthur Laffer’s Supply-Side Economics
50 Ruffer Curve At the Capitol on May 13, guests gathered for a celebratory dinner marking an anniversary that, while not officially recognized, certainly deserves acknowledgment. Looking back to September 13, 1974, the young economist Arthur Laffer aimed to articulate the concept of an optimal tax rate—one that maximizes both tax revenue and economic growth. […]