George Shultz, the Godfather of the Discredited Laffer Curve ...Middle East

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George Shultz, the Godfather of the Discredited Laffer Curve
Former Secretary of State George Shultz died over the weekend at age 100. He received many accolades for being one of the last sane Republicans. Shultz was from the Eisenhower era of Republican politics, which was not as obsessively ideological as today’s GOP. Nevertheless, Schultz was responsible for radicalizing the Republican Party in one important way: He helped elevate the economist Arthur Laffer as a central figure in Republican economic policy. Shultz brought Laffer to Washington to work for him in 1971, when Shultz was a Cabinet official in Richard Nixon’s White House.Even back then, well before his name became permanently wedded to a curve purporting to show the fanciful spike in go

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