The Laffer Curve, Part 3

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

The Laffer Curve Part II - Reviewing the Evidence

Dan Mitchell, Senior Fellow at The Cato Institute, has posted Part II of The Center for Economic Prosperity's three-part series on The Laffer Curve on You Tube.

Before you hit the back button since you probably think this is just some boring economics stuff, please wait! Yes, I'm sure you need all you need to know about economics - "it's all about supply and demand". Yeah, sure. Well, there is much more, and if you want to learn one more important lesson about economics, it would be The Laffer Curve - more specifically the economics of tax rates and how they affect tax revenues.

H/T: Larry Kudlow.

If that's not quite your cup of tea (and you're ready for a chuckle), try this video with Arthur Laffer and Merle Hazard...

More on the Laffer Curve

The FDC has talked about the importance of the Laffer Curve and the role tax rates play in tax revenue. Today, Larry Kudlow has posted on the National Review's blog, The Corner, a video explaining the Laffer Curve.

The video is presented by Dan Mitchell of the Cato Institute.

Lessons for Liberals:

1. The Laffer Curve does exist (this is likely new territory for our liberal friends)
2. Tax policy does affect the economy, and there's often be increased revenue with tax rate cuts

Lessons for Conservatives:

1. Many, but not all tax cuts pay for themselves.