Today’s Brew 11-30-14

Steve Parkhurst reviews The Pillars of Reaganomics, edited by Brian Domitrovic

Reaganomics and Arthur Laffer’s Supply-Side Wisdom

From a title that includes the word “pillars,” this book is exactly what you would expect it to be: Foundational documents that outline supply-side economics. What the title doesn’t tell you is that the commentary included in the book spans time from before Reaganomics (in the form of the Kemp-Roth tax bill), to the early days after passage and implementation, to the post-Reagan Presidency era of George H. W. Bush, Bill Clinton, and George W. Bush.

The content is most interesting because it is taken from papers prepared by Arthur Laffer or his staff from 1978 to the present. These papers consist of material not commercially available, even online in this day and age. I tried to Google some of the materials, and that proved a fools errand. For many years, other than in the Laffer archives, these papers may only be readily available because of the work of Brian Domitrovic in reproducing them.

The Pillars of Reaganomics includes original content from Arthur Laffer, Bruce Bartlett, Warren T. Brookes, George Gilder and Stuart Sweet. These writers, in the course of their scholarship, all offered great wisdom from others in the history of tax policy.

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