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Does another decade of inflation loom ahead?

Fifty years ago, President Richard Nixon’s administration began a futile attempt to fight inflation. The specifics surrounding its efforts are being eerily repeated today. Consumers and policymakers should be concerned.

Are there any WIN buttons in the White House basement?

Are there any WIN buttons in the White House basement?
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Boeing Company (The) (NYSE:BA), Avis Budget Group, Inc (NASDAQ:CAR) - Chewy Earnings Beat Expectations And Travel Industry Now In Focus Ahead Of Summer

The Laffer Curve: Past, Present, and Future

Toggle open close The story of how the Laffer Curve got its name begins with a 1978 article by Jude Wanniski in The Public Interest entitled, Taxes, Revenues, and the Laffer Curve. 1 As recounted by Wanniski (associate editor of The Wall Street Journal at the time), in December 1974, he had dinner with me (then professor at the University of Chicago), Donald Rumsfeld (Chief of Staff to President Gerald Ford), and Dick Cheney (Rumsfeld s deputy and my former classmate at Yale) at the Two Continents Restaurant at the Washington Hotel in Washington, D.C. While discussing President Ford s WIN (Whip Inflation Now) proposal for tax increases, I supposedly grabbed my napkin and a pen and sketched a curve on the napkin illustrating the trade-off between tax rates and tax revenues. Wanniski named the trade-off The Laffer Curve.

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