Laffer’s theories are so far detached from mainstream economics that “there is no point of contact,” said Paul Krugman, a Nobel Prize-winning economist … “This is not a wing of professional economic thought, … This is not at all the same kind of enterprise as what even conservative economics professors do.”
Republicans love Laffer, Krugman said, not because his message is simple but because it conforms perfectly to a preexisting limit-the-government worldview: “The point is, he’s telling them what they want to hear.”via
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