This Week in Economics: 3 Stories You Should Know About

Here is a rundown on some of the biggest economic developments this week. 1.) Former Fed Chair Paul Volcker passes away. Paul Volcker, who’s chairmanship of the Federal Reserve played a pivotal role in Reagan’s supply-side prosperity boom, passed away at 92 this week. Tributes have poured in for Volcker — a literal and figurative economic giant — who will be remembered for his role in slaying the Carter-era inflation as well as the distinguished career in public service that followed. On Fox Business, economist Arthur Laffer remembered Volcker for his role in the supply-side revolution and, intriguingly, his opposition

Supply-Side Hero Arthur Laffer to Receive Presidential Medal of Freedom

Next week, Donald Trump will award the Presidential Medal of Freedom to “the Godfather of supply-side economics,” Arthur Laffer. Trump’s decision to bestow America’s highest civilian honor on Dr. Laffer is one for enormous celebration, as few have contributed more to American prosperity than he has. Arthur Laffer came to prominence in the 1970s by championing income tax rate reduction (i.e. ‘The Laffer Curve’) as well as a stable dollar (via the Mundell-Laffer hypothesis). Taken together, these two pillars amount to what historian Nathan Lewis refers to as a “magic formula” for economic growth. President Reagan used this playbook to

Trump Taps Supply-Side Champion Stephen Moore for Fed Board

Influential supply-side economist Stephen Moore has been nominated by President Trump for a seat on the Federal Reserve Board of Governors. His decades of research, writing, and championing of supply-side economics make him the perfect pick to fill one of the most important economic positions in the U.S. Stephen Moore’s legacy as a leader in the supply-side movement dates back to his efforts leading President Reagan’s Privatization Commission. He has advised think tanks including the Heritage Foundation, the Cato Institute, and FreedomWorks on economics, and he founded the Club for Growth as well as the Committee to Unleash Prosperity. Most

Remembering Jeff Bell: A Man Who Transformed the World

Supply Side visionary Jeff Bell, who, at 74, suddenly passed away this past weekend, will be remembered by those who knew him for his quick wit, brilliant intellect, and unflagging moral courage. He, my friend and mentor, personified all that is best about politics. Bell’s 1978 Senate campaign in New Jersey (in which he unseated incumbent Clifford Case in the GOP primary and was only narrowly bested by Democrat Bill Bradley in the general), is remembered for taking Supply Side economics off the editorial page of the Wall Street Journal and inserting it into the mainstream of national politics. Jeff

JFK Has a Message for Today’s Democrats on Taxes: Cut! Cut! Cut!

Yesterday, I was extremely honored to discover that conservative talk radio host Rush Limbaugh had featured a new ad from the Committee to Unleash Prosperity (which I am professionally affiliated with) on his show. As a longtime listener, it is absolute thrill that a project I worked on received recognition from his iconic program — but even more gratifying is knowing that the added attention will go a long way towards educating the public on one item that has flown under the radar during the tax debate: Tax cuts have historically been a bipartisan solution for economic growth.     As Larry Kudlow

Senate Tax Bill Update: 5 Fast Facts You Need to Know

As the Senate moves into the homestretch on its tax cut legislation this week, here are five fast facts you should know: 1.) The Senate bill cuts marginal tax rates across the board. This is undoubtedly superior to the House bill, which de facto raises the top rate with its “bubble tax,” increases the marginal rate for filers in the 33-percent bracket to 35 percent, and keeps the current 39.6 percent top rate on the books. The across-the-board rate cuts in the Senate bill give supply-siders a nice win to celebrate if this gets to the finish line. 2.) Unlike

The House Republican Tax Plan Betrays Jack Kemp’s Legacy

Last week, House Republicans quietly abandoned basic tenets of supply-side economics by releasing a tax plan that includes higher marginal rates. While it was assumed the House GOP would prioritize corporate tax reform over individuals (prevailing economic models show corporate tax cuts give us the most bang-for-our-buck in economic growth), the idea that many Americans will actually face a higher tax rate in order to pay for corporate rate reduction is an unwelcome surprise. Under the House GOP plan, Americans currently subject to a 33 percent income tax rate will be bumped up to a 35 percent rate. A two-percent

What ‘JFK and the Reagan Revolution’ Reveals About Trump

Remember prosperity? Want it back? Here’s the secret formula, which has always worked and would work again: Cut marginal tax rates and restore integrity to the dollar. Donald Trump is campaigning on meaningful marginal tax rate cuts and implying, with his offstage praise of the gold standard, a solid instinct for monetary integrity and how to produce it. One hopes so as it requires both together. Here’s the brief. Lawrence Kudlow and Brian Domitrovic have just published what deserves to be the most important book of the 2016 presidential election cycle: JFK and the Reagan Revolution: A Secret History of American

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