Arthur Betz Laffer is an American economist and author who first gained prominence during the Reagan administration as a member of Reagan's Economic Policy Advisory Board.
20 Facts About Arthur Laffer
Arthur Laffer was an economic advisor to Donald Trump's 2016 presidential campaign.
Arthur Laffer was born in Youngstown, Ohio, the son of Marian Amelia "Molly", a homemaker and politician, and William Gillespie Arthur Laffer, president of the Clevite Corporation.
Arthur Laffer is a Presbyterian, and graduated from Cleveland's University School high school in 1958.
Arthur Laffer was an Associate Professor of Business Economics at the University of Chicago from 1970 to 1976 and a member of the Chicago faculty from 1967 through 1976.
From 1976 to 1984 Laffer held the status as the Charles B Thornton Professor of Business Economics at the University of Southern California School of Business.
Arthur Laffer was the first to hold the title of Chief Economist at the Office of Management and Budget under George Shultz from October 1970 to July 1972.
Arthur Laffer was a member of President Reagan's Economic Policy Advisory Board for both of his terms and was a founding member of the Reagan Executive Advisory Committee for the presidential race of 1980.
In 2018, Arthur Laffer wrote the book Trumponomics with conservative economic commentator Stephen Moore, wherein they lauded the Trump administration's economic policies.
The Arthur Laffer curve is undeniable as a matter of economic theory.
Previously, in 2016, Arthur Laffer said that he believed that then-candidate Trump was "going to be okay on trade" and lauded Trump's understanding of trade.
Arthur Laffer regularly writes opinion articles in The Wall Street Journal and The Washington Times.
In 2020, Arthur Laffer advised the Trump administration on how to re-open the economy during the COVID-19 pandemic.
Arthur Laffer argued for halting stimulus, calling instead for payroll tax cuts.
Arthur Laffer advocated for taxes on non-profit organizations in education and the arts, as well as for salary reductions for professors and government officials.
Arthur Laffer argued against expansion of unemployment aid, arguing it discouraged people from working.
The term "Arthur Laffer curve" was coined by Jude Wanniski, who was present.
The Arthur Laffer curve is an economic theory that shows the relationship between tax rates and the amount of tax revenue collected by governments.
Arthur Laffer's postulate was 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.
Arthur Laffer has been widely acknowledged for his economic influence, including:.