Magazine May 3, 2010, Issue

The Joy of Supply-Side

Return to Prosperity: How America Can Regain Its Economic Superpower Status, by Arthur B. Laffer and Stephen Moore (Threshold, 336 pp., $27)

When I worked for Vice President Dick Cheney during the first Bush term, the ever-ebullient Arthur B. Laffer was a regular visitor to our office. He and Cheney had been classmates at Yale, and had worked together in the Nixon and Ford White Houses; in fact, it was during a 1974 dinner with Cheney that Laffer sketched on a napkin his famous curve illustrating the trade-off between tax rates and tax revenues. When Cheney became vice president, he regularly called on Laffer for his insights on the economy.

During one of his trips to Washington, Art had me set up a

Cesar Conda — Mr. Conda, formerly assistant for domestic policy to Vice President Cheney, is a founding principal of Navigators Global, a Washington, D.C.–based public-affairs firm.

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