[The Raven]

>>Fed is a market follower not a market leader<<

I didn't know this until I read one of his previous columns. The Fed actually "reacts" to the interest rates and doesn't actually set them.

As far as tax cuts, IMHO, the reason the Reagan revolution didn't also eliminate Democrats from the face of the earth is that the spending wasn't checked - eventually leading to tax increases. Now that we have the Republican trifecta, let's go for it.

[Moonman62]

Laffer is a really important person in the history of modern supply-side economics, and he makes some good points in the article, but he also says some things that makes me think he was drunk when wrote it. For instance, the Fed does much more than jawbone the fed funds rate.

You bring up the point that the Fed is a market follower. Well, that's true in the best of cases. For the past seven years or so, Greenspan has ignored the market completely.

[Deuce]

We've Cut Rates, Now Let's Cut Taxes

To make it obvious to everyone that neither of these will have any positive effect so people will finally start listening to the Austrians?

[CPT Clay]

Remove the double taxation of dividends bump

[CPT Clay]

Partial privatization BUMP!!!!

[Fiddlstix]

Bump

[Phaedrus]

...the president, with his new-found majority in Congress, could succeed in major tort reform...

The regulatory and litigation burdens on the economy are immense -- in the hundreds of billions of dollars annually, at least. Remove these, and watch us fly.