“Laffer didn’t work for Reagan or play any role in developing Reaganomics.”
Wrong. Laffer was a member of Reagan’s Economic Policy Advisory Board from 1981–1989.
“Wrong. Laffer was a member of Reagan’s Economic Policy Advisory Board from 1981–1989.”
Laffer left government service in 1979 to run his own private consulting firm. He volunteered to be a member of the EPAB, an unpaid part-time advisory committee.
EPAB volunteers were outside experts invited to periodically critique the Administration’s program. It included George Schultz, Alan Greenspan and Milton Friedman as well as the publicity loving Art Laffer.
The staff that designed Reagan’s program was the Council of Economic Advisors, a part of the executive branch. The architects of Reaganomics included long time aid Martin Anderson, William Niskanen, Martin Feldstein and various other people who lack the Energizer Rabbit public relations zeal of Art Laffer.