Arthur Laffer (Economist)

Arthur Laffer is an American economist best known for the Laffer Curve, a concept illustrating the relationship between tax rates and tax revenue. He suggested that if tax rates are too high, they can discourage work and investment, leading to lower overall revenue. This idea influenced tax policy debates, especially in advocating for lower taxes to stimulate economic growth. Laffer has been a key figure in supply-side economics, emphasizing that reducing taxes can boost economic activity and ultimately increase government revenue. His work has shaped discussions on fiscal policy in the U.S. and beyond.