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: