A couple of days ago, I blogged about the Laffer curve. Hilzoy brilliantly skewers the idiotic Wall Street Journal piece that 'supported' the Laffer curve:
Brilliant. Go read the whole thing.
More like this
So Arthur Laffer, the creator of the Laffer Curve, which was used to justify lower taxes on the grounds that the increase in economic activity would actually increase the amount of tax revenue despite the lower rates, just crapped out on national television
Yesterday's Wall Street Journal has a *spectacular* example of really bad math.
Over the weekend, there was a lot of discussion of those ridiculous conservative faithtank graphs that were rerun in the Wall Street Journal. Several