Trump Awards Medal Of Freedom To Creator Of Debunked ‘Laffer Curve’

NOTE:  As you read this, keep in mind that a president can issue the Medal of Freedom to whomever s/he wants. And, the following difference the Laffer Curve (trickle down) has made in our lives:

US average annual per capita GDP growth, adjusted for inflation
1981-2017 inclusive = 1.7% (Reagan/Laffer Curve economics)
1933-1980 inclusive = 3.2% (FDR/Keynesian economics)

Arthur Laffer is a right-wing crank whose economic theory that tax cuts pay for themselves has not only been widely debunked by actual economists but has proven to be an abject failure when put into action.

Yet on Wednesday President Trump gave Laffer the Medal of Freedom — the highest honor a civilian can receive — and it’s all because Laffer has praised the egomaniac who occupies the Oval Office.

Laffer truly does not deserve the honor he’s about to receive.

View the complete June 19 article by Emily Singer on the National Memo website here.