Art Laffer is perhaps best remembered for his famous curve, some people believe it doesn’t exist (in application), others swear by it. This video looks at some of the statistics which support the argument that Government spending inhibits an economy once it goes beyond a certain point. This will be a difficult video to accept from an Irish perspective as we are constantly calling upon the state for our solutions and that requires greater state spending. Enjoy.
Robert H. Frank of Cornell University wrote a great book called ‘The Economic Naturalist, why economics explains almost everything‘, it has been an absolute winner of a read, and kindly Robert (Bob) took a phone call from me to talk about his book (more on that later).
Regarding the book, it is excellent if you are not actually into economics, because it takes everyday things and tries to use economic foundations for explaining them, the questions are simple every day occurrences and the answers are often surprising!
Here are a few simple examples, ‘why are cans of fizzy drinks round and milk bottles are square’, ‘why do animal rights activists throw paint at women in fur but not bikers in leather’, ‘why do taxi drivers stop working early on rainy days’, ‘why are plane tickets purchased at the last minute more expensive’, and many …