REVIEW: Brian Domitrovic Reveals the Monetary Genius of Arthur Laffer

In his classic 1992 book about the Ronald Reagan 1980s (and so much more), The Seven Fat Years, Robert Bartley described the great Arthur Laffer describing the universality of credit. It goes like this:

“Laffer would draw a tiny black box in the corner of a sheet of paper. ‘This is M-1,’ currency and checking deposits. A bigger box was M-2, including savings deposits. Still bigger ones included money-market funds, then various credit lines. Finally, the whole page was filled with a box called ‘unutilized trade credit’ – that is, whatever you can charge on the credit cards in your pocket. Do you really think, he asked, this little box controls all of the others? The money supply, he insisted, was ‘demand determined.’”

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Art Laffer Endorses State Sen. Mark Green for Congress

Conservative economist Arthur Laffer, who advised the Reagan administration, has endorsed state Sen. Mark Green (R-Clarksville) for Congress. Green is running for the seat being vacated by U.S. Rep. Marsha Blackburn (R-TN-7) to run for Senate. “As a Tennessean, I’ve witnessed firsthand Mark’s leadership for pro-growth policies in the State…

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Art Laffer Endorses Diane Black for Governor, Joins Campaign as Economic Policy Adviser

Tennessee Star

  Conservative economist Arthur Laffer on Wednesday endorsed U.S. Rep. Diane Black (R-TN-6) for Tennessee governor and announced that he will serve as her economic adviser. Laffer, who was a close adviser to former President Ronald Reagan, lives in Nashville and earlier this year voiced criticism of the gas tax hike passed…

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