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Topic: Art Laffer


  
  The Laffer Curve: Past, Present, and Future
The Laffer Curve, by the way, was not invented by me. For example, Ibn Khaldun, a 14th century Muslim philosopher, wrote in his work The Muqaddimah: "It should be known that at the beginning of the dynasty, taxation yields a large revenue from small assessments.
Figure 1 is a graphic illustration of the concept of the Laffer Curve--not the exact levels of taxation corresponding to specific levels of revenues.
Laffer Associates' most recent research paper covering this topic is Arthur B. Laffer and Jeffrey Thomson, "The Only Answer: A California Flat Tax," Laffer Associates, October 2, 2003.
www.heritage.org /Research/Taxes/bg1765.cfm   (4775 words)

  
 gray the bruce: Art Laffer
Laffer, former President Reagan's economic adviser and namesake of the famous "Laffer curve" theory - which holds that at a certain point, raising taxes actually shrinks tax revenue - joined the company's board of directors seven years ago following a hostile takeover.
Laffer joined the board at the behest of Heckmann, whom the economist has known since the chairman supported his unsuccessful senatorial bid.
Laffer recently visited a U.S. Filter project in a suburb of Mexico City, where the company has been working to turn a cesspool of a river into a water source clean enough for plant and animal life to resurge.
www.graythebruce.com /Laffer.Cfm   (629 words)

  
  Arthur Laffer Biography   (Site not responding. Last check: 2007-10-26)
Arthur B. Laffer is the founder and chairman of Laffer Associates, an economic research and consulting firm that provides investment-research services to institutional asset managers.
Laffer is a founding member of the Congressional Policy Advisory Board, a select group of advisors who assist in shaping legislative policies for the 105th, 106th, and 107th United States Congress.
During the years 1972 to 1977, Dr. Laffer was a consultant to Secretary of the Treasury William Simon, Secretary of Defense Don Rumsfeld, and Secretary of the Treasury George Shultz.
www.barberusa.com /finance/laffer_arthur_bio.html   (521 words)

  
  Laffer curve - Wikipedia, the free encyclopedia
Laffer also does not claim to have invented the concept, attributing it to 14th century Islamic scholar Ibn Khaldun and, more recently, to John Maynard Keynes.
Laffer himself has pointed to Russia and the Baltic states who have recently instituted a flat tax with rates lower than 35%, and whose economies started growing soon after implementation.
As a pedagogical tool, a Laffer curve helps illustrate a specific application of the law of diminishing returns, where the inhibitory cost of taxes may eventually outweigh the increased rate of taxation, and thus led to a counterintuitive lower realization of tax revenue.
en.wikipedia.org /wiki/Laffer_curve   (1985 words)

  
 Reaganomics
The belief of Reaganomics that the tax cuts would more than pay for themselves was influenced by the so-called Laffer Curve, a theoretical taxation model that was particularly in vogue among some American conservatives during the 1970s.
Originally sketched on a napkin by Art Laffer, who later became an advisor in the Reagan administration, the curve was an upside-down "U" plotted on a graph.
In addition, although the Laffer curve was used to justify tax cuts, its main emphasis was on showing how to maximize government revenues through fiscal policy; because this conflicted with the aim of conservatives to reduce spending as well as revenues, the Laffer curve has more recently been deemphasized by conservatives in recent years.
www.ebroadcast.com.au /lookup/encyclopedia/re/Reaganomics.html   (857 words)

  
 Economist Art Laffer to Speak at Hatton W. Sumners Distinguished Lecture Series   (Site not responding. Last check: 2007-10-26)
Laffer has received two Graham and Dodd Awards from the Financial Analyst Federation for outstanding feature articles published in the Financial Analysts Journal and in 1983 was awarded the Adam Smith Award for insights and contributions to the Wealth of Nations.
Art Laffer is the founder and chairman of A.B. Laffer, V.A. Canto & Associates, an economic research and financial consulting firm headquartered in San Diego, California.
Art Laffer received a B.A. in Economics from Yale University in 1963 and his Ph.D. in Economics from Stanford University in 1972.
www.ncpa.org /~ncpa/events/laffer.html   (294 words)

  
 Sep 2, 2006 Peter Schiff vs. Art Laffer Peter Schiff 321gold . . . Inc
In my most recent appearance on CNBC I debated Arthur Laffer, who gained fame during the Reagan administration for sketching his controversial "Laffer Curve" on a cocktail napkin.
Laffer claimed that the U.S. economy has never been healthier, was not dependant on housing, and will be unfazed by higher interest rates.
He described current monetary policy as "spectacular", declared wealth had risen dramatically, asserted our trade policy was working "beautifully," attributed our trade deficit to foreigners outsourcing their monetary policy to America, and claimed that history had shown that such external deficits were not harmful.
www.321gold.com /editorials/schiff/schiff090206.html   (773 words)

  
 Term Papers On Art Laffer, Research Papers, Essays
This paper discusses the development of art in the Netherlandish region during the fifteenth century and the influence this art had on European art in the centuries to come.
Art has always been an important tool for understanding various eras and their influence.
Art History Idealization in art refers to the representation of things according to a preconception of ideal form or type; a kind of esthetic distortion to produce idealized forms.
www.essaysportal.com /essay/art-laffer.html   (344 words)

  
 Keynote Speakers Inc. Arthur Laffer : Arthur B. Laffer is the founder and chairman of La   (Site not responding. Last check: 2007-10-26)
Arthur B. Laffer is the founder and chairman of Laffer Associates, an economic research and consulting firm that provides global investment-research services to institutional asset managers, pension funds, financial institutions, and corporations.
Arthur Laffer is a founding member of the Congressional Policy Advisory Board, a select group of advisors who assist in shaping legislative policies for the 105th, 106th and 107th United States Congress.
Laffer was formerly the distinguished university professor at Pepperdine University and a member of the Pepperdine Board of Directors.
keynotespeakers.com /speaker_detail.asp?id=702   (838 words)

  
 Arthur Laffer - Wikipedia, the free encyclopedia
Laffer is best known for the Laffer curve, a curve illustrating tax elasticity which asserts that in certain situations, a decrease in tax rates could result in an increase in tax revenues.
Laffer's innovation was to state that the tax rate that maximizes revenue was at a much lower level than previously believed: so low that current tax rates were above the level where revenue is maximized.
Earlier in his USC tenure, Laffer played a key role in the writing of Proposition 13, the still-controversial California property tax cap initiative that spawned a host of similar laws around the United States and is generally credited with launching the tax revolt of the 1970s and 1980s.
en.wikipedia.org /wiki/Art_Laffer   (4784 words)

  
 Art Laffer, righter than ever National Review - Find Articles
As legend has it, when the conversation turned to tax policy, Laffer drew a graph on a napkin to illustrate that higher tax rates do not always lead to higher tax revenue.
Wanniski expanded on Laffer's point in a 1978 article in The Public Interest, calling the relationship between tax rates and tax revenue the "Laffer curve." The curve became canonical to some, but others treated it as a bunch of voodoo.
Indeed, as Laffer himself has noted, Ibn Khaldun, the great Muslim writer, alluded to the same dynamic in his epic 14th-century work The Muqaddimah.
www.findarticles.com /p/articles/mi_m1282/is_2_58/ai_n16033796   (485 words)

  
 RCIS - Q&A 30-04-2003
Picking up on the discussion around the impact of excessive taxation upon our top income earners (QandA Wednesday April 16) Mr MM drew our attention to the Laffer Curve which is aptly named after Professor Art Laffer who was an advisor to President Reagan in the early 1980s.
Laffer pointed out the obvious fact that as taxes increased from fairly low levels, tax revenue received by the government would also increase.
Laffer might explain this by noting that in South Africa in the past decade income taxes have been progressively reduced which has encouraged this group to go back to work.
www.rcis.co.za /answers/20030430.htm   (1586 words)

  
 Christine Laffer - Contemporary Tapestries
Christine Laffer began her studies in architecture in 1969 at the University of Illinois in Chicago.
Laffer has shown her work nationally, spoken at professional symposia, and published articles.
She also was Guest Editor for the June 1998 issue of Switch (an on-line publication of The CADRE Institute, with graduate students in computer art at SJSU).
www.christinelaffer.com /artist.html   (227 words)

  
 [No title]
Simply put, the Laffer Curve postulates that there are two tax rates at which the government receives the same amount of revenue.
Indeed, we don't even have any real idea what the equilibrium point is, except to note that it is the highest rate at which the population consents to be taxed.
In the 1970's and early 1980s, with the high marginal tax rates at the time, and high inflation pushing people into higher tax brackets even though their real income was unchanged, it seemed to be a fairly reasonable argument to say that we were at Point B on the Laffer Curve.
www.dalefranks.com /supplyside.doc   (1171 words)

  
 Weiner & Paul, LLC - Understanding the Laffer Curve   (Site not responding. Last check: 2007-10-26)
In 1974, economist Art Laffer reportedly first sketched his now-famous curve on a napkin to illustrate his belief that reducing tax rates could actually increase tax revenues.
The theory is at the heart of supply-side economics, which helped motivate the Reagan-era tax cuts and President Bush's tax-relief efforts in 2001 and 2003.
The Laffer Curve is simply a depiction of the law of diminishing returns.
www.weinerandpaul.com /content.cfm?ContentID=963   (518 words)

  
 The Lane Report -- Opinion--December 2004   (Site not responding. Last check: 2007-10-26)
At Arthur Laffer’s post-election conference in New York, supply-side optimists spontaneously decided to support Glenn Hubbard for the chairmanship of the Federal Reserve in the post-Greenspan period that begins in 2006.
The president would be well served by appointing Art Laffer to that post.
Laffer would also serve as a key liaison to Wall Street, where he is highly regarded as a prescient forecaster and strong communicator.
www.kybiz.com /lanereport/departments/at_issue/at_issue1204.html   (632 words)

  
 fling93 loves fishies: Supply Side Economics
Now, Art Laffer actually had the right idea with the Laffer Curve, but people forget that this was not the only thing about supply-side economics, or indeed, even the primary selling point.
Laffer claimed that when you lower taxes, people get to keep more of their paychecks, and they have a bigger incentive to work harder to earn raises in salary.
I recall seeing an interview with Art Laffer where he simply suggests cutting taxes and seeing whether revenues increase or decrease (obviously, the converse would also be true, but he generally doesn’t say that).
fling93.com /blog/archives/economics/2003/supply_side_economics.html   (1572 words)

  
 The Inverted Yield Curve's Predictive Power - Seeking Alpha
Art Laffer created the Laffer Curve, and is known as the father of Supply Side Economics.
Laffer believes the S&P 500 is undervalued by 67.2%, while I believe we are overdue for a correction of some significance.
Laffer's evaluation of this situation is so cogent and on the mark, I'll have to assume that all that "Laffer Curve" supply-side trickle-down nonsense from the '80's was ideological hooey unworthy of his real intellect...
usmarket.seekingalpha.com /article/23688   (1184 words)

  
 Key Speakers Bureau Inc.
Art Laffer is the founder and chairman of an economic research and consulting firm that provides investment-research services to institutional asset managers.
Recently, Dr. Laffer was appointed as a founding member of the Congressional Policy Advisory Board, a select group of advisors who assist in shaping legislative policies for the 105th United States Congress.
From 1972 to 1977, Dr. Laffer was a consultant to Secretary of the Treasury William Simon, Secretary of Defense Don Rumsfeld and Secretary of the Treasury George Shultz.
www.keyspeakers.com /bio.php?id=20   (378 words)

  
 History News Network
Laffer is surely the most irrepressibly ebullient practitioner of the dismal science of economics alive today, maybe ever.
Laffer stood beaming at the Heritage podium to inform its audience that “illegal immigrants are the lifeblood of our society.” This produced a boo-burst from a distant corner, which Mr.
Laffer, famous in part for cutting down economists’ pretenses to ideas anyone can understand, had an answer for the boo-birds of Reaganomics: Almost alone, the United States since those tax cuts has managed to remain both a growth country and a developed nation.
hnn.us /roundup/entries/32005.html   (739 words)

  
 Is this a great world or what? - Pittsburgh Tribune-Review
Last time I talked to economist Arthur Laffer was in 1979 when I interviewed him at the University of Southern California in Los Angeles.
In those miserable economic times, before he was dubbed "The Father of Supply-Side Economics," Laffer was considered a kook by the liberal econ-establishment for pushing his idea that by cutting taxes governments can simultaneously stimulate economic growth and put more tax revenue into their coffers.
Today his famous "Laffer Curve" is no longer ridiculed, and the former member of President Reagan's Economic Policy Advisory Board is famed for sparking a worldwide tax-cutting revolution.
pittsburghlive.com /x/.../opinion/columnists/steigerwald/s_300457.html   (859 words)

  
 libertarianism: Good editorial
Art Laffer, propounder of the theory that lowering taxes generally raises government tax revenues, has repeatedly been vindicated, even if his “supply side” ideas (and name) made him the butt of liberals’ jokes.
The latest evidence comes in a study released Nov. 14 by Arizona’s Goldwater Institute that shows states with low tax rates from 1990 to 2000 were more successful at reducing general and childhood poverty than states with high tax rates.
We always knew that Laffer was correct; what we don't know is exactly what level of taxation maximizes government revenue.
community.livejournal.com /libertarianism/1866619.html   (932 words)

  
 FNArena
Art Laffer is a long-respected US economist, famous for the "Laffer Curve" which suggests cutting taxes increases tax revenues.
Laffer is bullish the US dollar because of the benefit the US trade deficit will receive from a falling oil price.
Laffer believes talk of a US recession is misguided, and that interest rates will remain neutral for the time being.
www.fnarena.com /index2.cfm?type=dsp_newsitem&n=471A4DEC-17A4-1130-F52385A630576E66   (580 words)

  
 Supply-side Fall Lesson 6: Re: Arthur Laffer's Wedge Model
Their colleague, the late Fischer Black, was a friend and associate of both Art Laffer and Robert Mundell, when they were at the University of Chicago.
The fact that Scholes and Merton not only developed a new concept, but also used it to start a Wall Street firm that is extremely successful, assures us that their mathematics flows from a sound assumption about the way the world works.
As Laffer developed it, he discussed the wedge between an employer and an employee, between management and labor.
www.polyconomics.com /searchbase/fles6.html   (3017 words)

  
 [No title]
As stock prices hit nosebleed levels, and gas prices retreat, economist Art Laffer talked up the economy to a Jacksonville University alumni group Monday.
The 66-year-old invented the "Laffer Curve," which shows the relationship between tax rates and tax revenue collected by governments.
In his Pollyanna-ish talk Monday evening, Laffer, a director at Jacksonville-based staffing firm MPS Group, spent an hour riffing on the benefits of outsourcing, the merits of a ballooning trade deficit, and why a "dull" Ben Bernanke makes a good Federal Reserve chairman.
www.jacksonville.com /tu-online/stories/102506/bus_5795275.shtml   (801 words)

  
 Coburn & Meredith, Inc. - Understanding the Laffer Curve   (Site not responding. Last check: 2007-10-26)
In 1974, economist Art Laffer reportedly first sketched his now-famous curve on a napkin to illustrate his belief that reducing tax rates could actually increase tax revenues.
The Laffer Curve is simply a depiction of the law of diminishing returns.
The point is, any financial decision you make should be based on the benefits and drawbacks that apply to your situation, whether you are considering what to do about risk, taxes, asset allocation, or retirement plan contributions.
www.coburnfinancial.com /content.cfm?ContentID=963   (470 words)

  
 [No title]
Art Laffer has been hurtling along the usually sedate byways of the dismal science for three decades, ever since he hit Washington during the Nixon administration, as the first chief economist of the Office of Management and Budget.
Happy to oblige was Laffer, who pointed to a mandala sketched on a cocktail napkin -- two perpendicular lines and an arc -- as the answer to the complex problems plaguing the nation.
The Laffer Curve, one of the icons of supply-side economics, was born.
www.gilder.com /fridayletter/FridayletterArchives/FL03.01.02.htm   (1718 words)

  
 Art Donovan Speaker - Book Motivational Celebrity Speaker Art Donovan and Other Corporate Entertainment
Arthur J. Donovan, known by his fans as "Art," is hailed as one the funniest and most enlightening sports figures today.
He was inducted into the Pro Football Hall of Fame in Canton, Ohio in 1968, becoming the very first Colts’ player to enter the Hall of Fame.
Art appears regularly on David Letterman and Jay Leno’s late night shows and has appeared with Johnnie Carson, Arsenio Hall, Joan Rivers and many others.
www.allamericanspeakers.com /speakerbio/Art_Donovan.php   (570 words)

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