Discuss.

My apologies for ruining your lovely Friday afternoon. — Jeff


A tip of the cap to the folks at Hot Air.com for not only bringing Art Laffer’s chart to my attention–I did not have time to read the Wall Street Journal today–but also for the excellent write-up accompanying it. Work is a bear this Friday afternoon, so the hard work of the folks over there is wonderful respite for an overworked fellow.

Check out the piece by clicking HERE.

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Comments

  1. Anonymous says:

    Hmmm… Is there a reason he started the graph in 1961?
    http://research.stlouisfed.org/fred2/graph/?chart_type=line&s1id=AMBNS&s1transformation=log

    I wonder what the hockey stick would look like if the '30s and '40s were included?

    I happen to agree with the point that Federal spending and monetary policies are leading us into danger, but I am also trying to avoid falling prey to confirmation bias when I see charts like these.

  2. Gail B says:

    Well, I have a Job Lost Chart and the Exploding Money Supply Chart — Two enclosures for my letters to my Congressmen.

    Thanks, Jeff.

  3. Anonymous says:

    ——-Generation Theft———-
    Are you graduating college in 2009 with a bachelor's degree? If so, we can project how much purchasing power you'll lose over the first 25 years of your working life thanks to President Obama's ambitious spending plans, using the tool we've developed for PJTV's Generational Theft contest. Just enter the indicated data in the table below, and we'll run the numbers!

    http://politicalcalculations.blogspot.com/2009/06/generation-theft.html

  4. THIS IS SCARY says:

    A car was just stopped going into Mexico and it had 134 BILLION in cash in it. WHAT IS UP WITH THAT???????

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