Arthur Laffer Admits He Was Drinking When He Created the Laffer Curve

Imagine my surprise.

In questioning the authenticity of a second Laffer Curve napkin now at the Smithsonian (The curve was drawn on a napkin), The New York Times reports:

“Look at how neatly it was done!” Mr. Laffer said of the museum napkin, on which he drew his curve, along with a brief explanation. “You tell me how, late at night with a glass of wine, you’re going to do it that neatly.”

And there is this from the story:

Mr. Laffer has always said he does not have a clear recollection of the original meeting...

For my take on the Trump Administration using the Laffer Curve to justify deficit spending, see:





  -RW