Dan Mitchell on the new book by Art Laffer and Steve Moore with a foreword by Larry Kudlow:
Larry Kudlow was on the radio with John Catsimatidis this morning.
Last week had been teased as Larry Kudlow’s final radio show, but his show was on today and it really did sound like a final show. Steve Forbes joined the show in the final half hour for the money and politics panel.
What was possibly Larry Kudlow’s last Saturday radio program for a while, as he moves on to become President Trump’s top economic advisor. Beginning in the 39:00 mark, Larry talks with Art Laffer.
Larry Kudlow and Steve Moore in today’s Wall Street Journal.
Brian Domitrovic offers a concise history of tariffs at Forbes.com:
A tariff “for revenue” was one where a rate was set low enough for the good in question to flow into the country in sufficient quantity to bring in increasing receipts to the government. A “prohibitive” tariff was one that was so high, receipts would go up if a rate were lowered. The “Laffer curve” concept was the most discussed theorem in political-economic debates in the United States in the 19th century.
Today’s Larry Kudlow radio program: