The Economy in Mind
Brookes, Warren T.
War. Again and again one comes upon exquisite snapshots of leading figures of the time: Henry James and Asquith likened to perfect butlers, or Colonial Secretary Joseph Chamberlain to "a single...
...Call or Write Director of Admissions Christendom College Route 3, Box 87 Front Royal, VA 22630 703-636-2908 • Internships with P.A.C.'s and congressmen provide first-hand political experience in Washington • On-campus Practica with nationally known political leaders • Classical and Catholic courses in Politics and Economics • A--Major Program, leading to the B.A...
...Add to these reasons the heightened inducement to find shelters and other devices to ward off the bite of the IRS, and the picture is complete...
...Instead they told funny stories about her unpunctuality, which were probably true, for certainly she had a right to be at odds with time...
...But this modest, civilized essay must be one of the best cures for boredom to be found today in any bookshop...
...They can't always be a learning, nor yet they can't always be a working...
...Again and again one comes upon exquisite snapshots of leading figures of the time: Henry James and Asquith likened to perfect butlers, or Colonial Secretary Joseph Chamberlain to "a single highly polished boot, with a monocle in one of its eyelets, and not at all unlikeable...
...When mentioned at all, Laffer was a laughing matter-an impertinent lad in his early thirties, a junior technician in the Ford Administration who seemed determined to win public notice even if it took making an ass of himself...
...38 THE AMERICAN SPECTATOR APRIL 1983...
...Of course most readers are going to learn something from this book, probably something unusual...
...of Maryland, author of numerous professional books and articles, and a frequent contributor to Commentary and other periodicals...
...But all that is a supplement to the amusement and pleasure of the reading...
...His most ridiculous error was to deny the sacred truth of John Maynard Keynes's masterwork, The Theory of Employment, Interest and Money...
...This rests mainly on what I suppose to be the very rarest of qualities in our contemporary writ Within the comfortably established, incestuous cabal of Ivy League economists, the name Arthur Laffer Melville J. Ulmer is professor of economics at the University...
...It evokes something Dickens put into the mouth of a character in hard Times: People must be amused...
...A sample of their charm delights the world today in the person of Miss Olivia Newton-John, the singer, who is their granddaughter...
...Nevertheless, his central point wasand it may seem obvious now-that taxes can reach a level so lofty that a further increase would inhibit the incentive to work as hard as we once did, to take business risks as boldly, or save and invest as much...
...That truth, as they saw it, is that when tax rates are raised, tax receipts rise, and that the opposite ensues when tax rates are reduced...
...Certainly we are all made for that...
...Not necessarily so, said Laffer, and hence the titters...
...As the 1970s wore on with their inflation, tax-bracket creep, and stalling productivity, Laffer became more and more convinced that the critical point he dreaded had already been reached...
...She was raped of her youth...
...The Borns were charming people...
...And it must be conceded that at times this ebullient child prodigy seemed to be saying that a tax reduction could cure anything from inflation to influenza...
...El was a source of unceasing indifference...
...But I do not think that anyone amongst the people around me in 1900, including those who must have seen her at her most moving, said, "A terrible thing happened to that woman...
...There are unexpected links with our own generation: Max Born was a German physicist, born in 1882, one of the bright boys who went straight from school to the dazzling transformation scene of physics of that day...
...ing: a fundamental sense of soundness and sanity which, by some queer osmotic process I do not quite understand, seems to pass from the prose into the reader and makes him feel better...
...For instance, they may be astonished to discover that imperialism has a little more to be said for it than its current boo-word status might suggest...
...President Reagan's insistence on a quick and generous reduction in taxes, as soon as he took office, was widely construed in powerful left-leaning media as irresponsible and idiosyncratic demogoguery...
...In that event a boost in tax rates would lower output and incomes, so much so that total tax payments would diminish...
...THE ECONOMY IN MIND Warren T. Brookes /Universe Books/$15.95 Melville J. Ulmer Are you in favor of protecting family rights...
...They ain't made for it...
...Here is a glance at Alexandra, the wife of Edward VII: She was the loveliest creature, designed with such genius and made of such precious material that she ended not much less beautiful than she had begun...
...Describing the text in too much detail would make it sound like one of those survey courses suffered through by bored undergraduates...
...Although he was therefore forced to compromise somewhat, Reagan's stance was a logical reaction to Laffer's keen observation...
...As the billboards say, there is much, much more-personalities, art, music, politics, science, and no trace of the Indian-summer cliches which sometimes color accounts of the days before World War I. It is history of a time as turbulent as our own, with a personal touch that is like no one else's...
...YOU CAN LEARN TO MAKE IT HAPPEN I N THE POLITICS PROGRAM CHRISTENDOM COLLEGE Christendom College is a four-year, co-ed, solidly Catholic liberal arts college located in Northern Virginia, with a 74-acre campus on the Shenandoah River...
Vol. 16 • April 1983 • No. 4
