A Bug’s Life: Crowding Out

There is a great animated movie, A Bug’s Life, a play on one of Aesop’s Fables, The Ant and the Grasshopper, which tells the story of a hard-working group of oppressed Ants and their oppressive “leaders”, the Grasshoppers.  From time eternal, the Ants work hard every year growing food but when it comes time for the harvest they must set aside a substantial offering for … Continue reading A Bug’s Life: Crowding Out

The Laffer Curve

The Laffer Curve is the visual conception of a theory developed by supply-side economist Arthur Laffer to show the relationship between marginal income tax rates and the amount of tax revenue collected by State governments.  An economist, Mr. Laffer first gained prominence by serving on Ronald Reagan’s Economic Policy Advisory Board from 1981–89.  The Curve was, and still is, used to illustrate Laffer’s main premise; … Continue reading The Laffer Curve