Arthur B. Laffer

If I could figure a way to stop future Congresses from ever raising taxes I'd do it every day of the week and twice on Sunday.

The “Father” of supply-side economics, Arthur B. Laffer was an economic adviser to Ronald Reagan for both of his terms (1981–89) and a member of the Reagan-Bush Finance Committee; he also advised Margaret Thatcher on fiscal policy. One of his earliest successes in shaping public policy was his involvement in Proposition 13, the groundbreaking California initiative that drastically cut property taxes in the state in 1978.

A co-author of The End of Prosperity: How Higher Taxes Will Doom the Economy — If We Let It Happen, Dr. Laffer was listed by TIME magazine as one of “The Century’s Greatest Minds” for inventing the Laffer Curve, a representation of the relationship between possible rates of taxation and the resulting levels of government revenue. The Los Angeles Times named him among “A Dozen Who Shaped the ’80s,” and he was featured in “A Gallery of the Greatest People Who Influenced Our Daily Business,” in the Wall Street Journal.

Dr. Laffer received a B.A. in economics from Yale University in 1963. He received an M.B.A. and a Ph.D. in economics from Stanford University in 1965 and 1972 respectively. From 1972 to 1977, Dr. Laffer was a consultant to Secretary of the Treasury William Simon, Secretary of Defense Donald Rumsfeld and Secretary of the Treasury George Shultz.

He was a professor at Pepperdine University, the University of Southern California, and the University of Chicago. He is the founder and chairman of Laffer Associates, an institutional economic research and consulting firm that focuses on the interconnecting macroeconomic, political, and demographic changes affecting global financial markets.