Trump to award Medal of Freedom to economist Arthur Laffer

[demmiblue]

Source: The Hill

President Trump will award the Presidential Medal of Freedom, the nation's highest civilian honor, to economist Arthur Laffer, the White House announced Friday.

The president will honor Laffer on June 19 for his contributions to economic policy. The White House described Laffer as "one of the most influential economists in American history" in announcing the award.

Laffer championed supply-side economics and gained prominence serving as a top adviser to then-President Reagan. He established what is known as the "Laffer Curve," which showed that increases in tax rates will eventually cause government revenue to decrease at a certain point. The model has been cited to argue for the benefits of tax cuts.

...

Laffer co-wrote a book published last year titled "Trumponomics: Inside the America First Plan to Revive Our Economy." His co-author was Stephen Moore, who earlier this year was nominated to serve on the Federal Reserve Board of Governors but withdrew amid bipartisan opposition from senators.

Read more: https://thehill.com/homenews/administration/446400-trump-to-award-medal-of-freedom-to-economist-arthur-laffer?__twitter_impression=true

[sandensea]

1. Anyone? Anyone?

Bueller?

[HuskyOffset]

7. BOOM!

Came here to post this, nicely done sandensea!

[sandensea]

9. Why, thank you.

Never gets old.

[rampartc]

2. the worst economist ever!

[scarytomcat]

3. that's a laugher

could not resist

[ArizonaLib]

6. Sorry s.tomcat - I type slow. You beat me to it.

Old hands.

[ArizonaLib]

4. Laugher Curve - Tinkle down economics

Sounds about right. That will be a photo for the ages.

Just in time for the Russian portfolio video to be released.

[no_hypocrisy]

5. Not THAT quack!

The polar opposite of Joseph Stiglitz.

[marble falls]

8. He's an idiot. Even he can't explain it.

[Atticus]

10. Soon-to-be-announced Medal of Freedom recipients:

For his contributions to race relations and tolerance: David Duke.

For his tireless efforts to stem opioid abuse: Rush Limbaugh.

For decades of unparalleled youth outreach: Judge Roy Moore.

[ArizonaLib]

12. Posthumous list

Mussolini (economics)
Hitler (race relations, real estate mogul)
Pol Pot (population management)
Andrew Jackson (Native American relations)
Nixon (advances in democracy)

[genxlib]

11. Ugh

What a hack that guy is.

I have always challenged people to produce an actual laffer curve with an actual scale. The truth is they have no actual quantitative data to produce such a thing...even in theory.

The real laffer curve started on a napkin and is worth about that much.

The real aggrevating thing about the laffer curve is that it is supposed to be a hump that has a high point somewhere in the middle. Which means that tax receipts will actually go down below that peak. But supply-siders act like that peak doesn't exist and pretend all tax cuts increase tax revenue.

It is bogus science created to support a policy.

[Lucky Luciano]

21. Exactly!!! The hump exists! Nobody knows where it is, but republicans don't care!

[jmowreader]

13. Laffer should be awarded 48 continuous hours of the bastinado

...for all the damage his idiocy has done to the world economy.

As for Trump, he has totally destroyed the meaning and value of the Presidential Medal of Freedom, and for that alone he will go down in history as the most atrocious president we've ever had.

[Lonestarblue]

14. Fitting--an incompetent president rewards an incompetent economist.

From one quack to another.

[Marcuse]

15. !

[rurallib]

16. Why not? He has done as much as anyone to make the rich richer, the poor poorer,

balloon wealth inequality and somehow sell it to an acquiescent public.
Those are things Trump and his Trumpets party love.
Giving him a medal normalizes and raises Laffer's insane economics to some kind of acceptability.

Alternative facts! This is what Republican heroes are made of - steal from the poor, give to the rich and sell it like laundry soap.

[greatauntoftriplets]

17. Further degrading the merit of the Medal of Freedom.

The creator of what Archie Bunker used to call "tinkle-down economics", my ass.

[colsohlibgal]

18. Total Joke

The Laffer Curve is a laughter curve, not much trickles down.

[Kablooie]

19. The Presidential Medal of Freedom is now the cheapest, most worthless honor a civilian can get.

It being tossed around like party favors to people Trump kind of likes.

[pansypoo53219]

20. doodoo ekonomikkks. they don't even let the bottom have tinkle.

[Xipe Totec]

22. Laffable nt