The Laffer Curve at 40

At a Washington, D.C., dinner some 40 years ago that has taken on a life of its own, the late Jude Wanniski, Don Rumsfeld, Dick Cheney and I discussed the topic du jour: President Ford's proposed 5% tax surcharge, which was the centerpiece of the dead-on-arrival Whip Inflation Now (i.e. WIN) program.

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