[Torie]

Laffer was a professor of mine. He was then, and remained, lighter than air. The Curve was hype city. The informational content that 100% tax rates and 0% tax rates do not maximize revenue is simply not very interesting. He also was a big fan of fixed exchange rates, which was rather odd.

[Texas_Longhorn]

No one is denying that the curve is not a perfect "upside-down" parabola but how could you not believe that the maximum revenue a governemnt takes in is not somewhere between 0% and 100%?