Dan Mitchell, Senior Fellow at The Cato Institute, has posted Part III (the final installment) of The Center for Economic Prosperity's three-part series on The Laffer Curve on You Tube.
The crux of this tutorial demonstrates why a dynamic-scoring model of tax revenue estimating is much more accurate and realistic than Congress' static-scoring model.
The FDC linked to the first two videos in this series: #1 & #2
But the static vs. dynamic scoring doesn't just apply to economic tax-rate policy and the Laffer Curve. Methinks this static-scoring analysis is the folly of the global warming alarmists climate models, the Peak Oil crowd predictions of oil drying up, Paul Ehrlich and the population control advocates predictions of chaos, and so on.
H/T: Larry Kudlow
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