The Laffer Curve, Part II: Reviewing the Evidence

In time, inflation will go large on Obama's watch. Maybe, in the future Obama and Carter could goon a tour together. Obama will do his best to kill the american dream. President GW Bush had a hand in it , too.

Lower taxes are not necessarily a bad thing and neither is more controversial topics such as redistribution of wealth.  Both have ideological principles associated with them, but both are tools that can help the economy, but just like medicine they have to be administered at the appropriate time to have a positive effect. Extra revenue from growth taxation could be used to hinder a downturn in the economy coupled with a stimulating tax decrease for consumers and corporations.

I thot that the erst video on lafer curv was v good so I clicked on part 2. but this one is stoopid. ideological. even stoopid like me knows that 1980 was between a duble dip recesion and comparing it with mid 80 when the markets were hot and there was paper wealth is decitfool. and heck, ireland in 80's had stonehenge and in 04 the world had changed. check out ireland housing prices. i might be stoopid, but u are either stoopid or misleading. pl think cleanly and teach with intelectual honesty.

He doesn't seem to make the case at all that the Reagan tax cuts did anything to revenue. Just because revenue grew between 1980 and 1988, even by alot, does not mean that the tax cuts were necessarily responsible for some or even any of it. Logically speaking, it just doesn't follow.

Very true. The economy tends to expand as the population tends to increase. As a result of this, tax revenue will tend to increase in real numbers regardless of what the tax rate is. For example, from the years 1960-2000, real tax revenue increased each successive year (excluding 1971 and 1983) despite the numerous adjustments in tax rates that occured between those 40 years. Another note, tax revenue increased even more after the Clinton tax increase of 1993.

The 3% decline could also have something to do with the recession that happened to occur around that time too.. So lost jobs and the fed increasing interest rates to combat inflation.

you do put out a report and i will listen, dont just bag people out, and please back it up, not with Utopia ideals from econometrics class

In 2003, the United States Department of the Treasury released a non-partisan economic study showing that the 1981 tax act produced a major loss in government revenues of almost 3% of GDP. I posted a link, but it didn't take or was removed (it is mentioned in the Wikopedia article).
Maybe the claims of the lafer curve are real, but, so far the proponents have only offered evidence that could be explained by other factors or collinarity. I'm not ready to believe it on their word.

Actually, less taxes didn't help inflation go down. The federal reserve increased interest rates. High interest rates caused the recession of the early 80's. As soon as interest rates came down, we were back on the road to recovery.

Actually, it was the supply shock of oil that helped cause it.
Granted, high interest rates may have helped it, but supply side economics still helped ease the burden of the supply shock, and help things at the time.
Can you, or Cutplains link me to anything?