Arthur Laffer

taxes. (Longley, Mayer, Schaller, 2015) The second followed reducing inflation by controlling the growth of the money supply itself. The third issue focused on regulation of supplies and trade within the United States. President Reagan took the position of cutting taxes to companies so that they had more revenue to hire new workers. In this, jobs market would expand all while businesses would become larger have more room for more workers and more need for labor in the general public. President Reagan again foresaw this eventually would boost the economy and bring in for the revenue by creating a larger tax base in the long run. (Longley, Mayer, Schaller, 2015) The theory of supply-side economics was developed in 1979, by economists Arthur Laffer showing how tax cuts would stimulate the economy to the point where the tax base expanded. (IPA, 2015) Tax cuts meant more money for the consumers intern they would spend this money boosting economic growth for businesses. The business with boost in sales would need to hire more workers to handle supply and…

Governments, in peace time, have always had a hard time spending money as economically affective as the private sector. This is one of the reasons why Central Planning that is found in Socialist countries always fails. This Supply Side approach (which involved the Laffer Curve) became very successful and was eventually referred to as Reaganomics. The Laffer Curve, a key component of the Supply Side approach, was a theory developed and promoted by Arthur Laffer. The theory focused on what…

“This same is the fulfiller of the profecye”. (The pageant at Worcester, 1486). Thus, the reasoning for Henry VII naming one of his son’s Arthur. Henry chose not to be a spectate in public ceremonies, for that’s not how he wanted to be seen from the public. Henry didn’t think it was right or proper, so he avoided chivalric imagery. Chivalric imagery is displaying knightly qualities to gain favor or control of the public. A reason that may prove correct is Larry B. Benson suggesting that it was…

The Impact of Willy’s Expectations in Arthur Miller’s Death of a Salesman “Blessed [are] [those] who expect nothing, as [they] will never be disappointed” (Alexander Pope). In the playwright Death of a Salesman by Arthur Miller, Willy Loman is a mercurial salesman who contemplates suicide due to the emptiness in his life. Despite his hard work, the Loman family survive with only minimum income, causing Willy to hold his sons, Biff and Happy, to unhealthy pressure that hinders their mental…

King Arthur, also spelt Aurthur in other cultural texts, is the mythical king of England who is made king by many supernatural events in order for him to unite all of the people to be one nation. He is given many gifts, those gifts could include Excalibur the sword of Kings, Guinevere the Queen he sought, and the most loyal and true knights. Arthur was an iconic figure to all Englishmen who wished to be king. His story was one that would be revised for centuries and used as a basis for every…

Does Reverend Paris care more about his reputation than his own daughters? In The Crucible written by Author Miller, Reverend Paris is elected to become, Salem’s new “Reverend”. He wants to make a good impression on Salem, since he is a leader he must hold a certain level of respect, for the community and their personal household. Paris faces his worst nightmare when his daughters turn out to be possessed with witches. This is not a very good situation to be involved in, weather you’re the head…

Enron began as a small company that went global due to their energy trades. Enron didn’t start off bad at first and didn’t think they would become the biggest scandal of the money market nation. Enron was a growing company, over time it began to fall. It was a risky business due to poor money handling and decision making. Enron executives got greedy, the more the company was falling, they found anyway to line their pockets versus help the company. They used temporary accounting practice…

otherwise he/she would not be able to figure it out on his/her own. By calibrating with another person on a quiz, it might help both of the students’ grades and the retention of the concept for future use leading to more opportunities and the more opportunities the more power the students have. Not only sharing ideas in school and in the workplace, it is also important in government. Tensions were high all across the world during the time frame of 1914-1917 due to World War I. America just…

The concept of perfection is something that cannot be reached or can be achieved because if you have nothing to redeem then you have nothing to gain. Just as a caterpillar is to a butterfly, redemption is to success. Although they may seem like opposites, they actually are very much alike because you need one to have the other. One must recognize a fault that they have suffered and learn from it to better one’s self and eventually teach it to others. The idea of redemption through failure…

In the Death of a Salesman, a play written by Arthur Miller, the father Willy Lohman greatly impacts the lives of his sons Biff and Happy. The expectations he sets are selfish. Biff and Happy know that all their father wants is for them to become successful businessmen. While trying to teach them how to succeed, Willy actually damaged them. He hurt Biff by going too easy on him in his childhood years, showing him the harsh reality of lies, and not letting him make the-what do you want to do when…