Dr. Arthur Laffer is known as the father of supply-side economics. He designed the famous Laffer Curve that showed that higher taxes don’t necessarily mean higher tax revenue for the government.
A chief economist at the Office of Management and Budget in the 1970s and later an economic adviser to President Ronald Reagan and President Donald Trump, Laffer was awarded the Presidential Medal of Freedom by Trump in 2019.
NTD interviewed Laffer on how government spending impacts America’s economic growth.
