THE KELLY LETTER OR
I shared a month ago Arthur Laffer’s idea that a tax holiday would have cost less than the government’s budget-busting stimulus programs and would have already achieved an unemployment rate of 2.5%. Instead, the US faces bankruptcy thanks to a crescendo of mindless spending following decades of fiscal mismanagement in Washington, and still suffers an [...]
Economist Arthur Laffer wrote on the opinion page of last Thursday’s Wall Street Journal that extending unemployment benefits will lead to more unemployment. These two sentences say it all: “Imagine what the unemployment rate would look like if unemployment benefits were universally $150,000 per year. My guess is we’d have a heck of a lot [...]