Losing Respect for Art Laffer

Peter Schiff won this debate. Notice how smug the Keynesian Laffer is. I will admit, I’ve used to the Laffer Curve in debates before, and I think its valid, but in arguing for limited government,  it surely isn’t. The argument for low taxes for a true conservative shouldn’t be that it brings in more revenue, but that the federal government shouldn’t need that amount of revenue to operate as it should.

Anyway, Schiff is pretty near prophetic in this video. And Laffer’s arrogance and condescension leaves him with egg on his face a year and a half later.