Art Laffer,’ godfather’ of supply-side economic hypothesi, is going to be awarded a presidential medal. He doesn’t deserve it
Next Wednesday, Donald Trump will award the Presidential Medal of Freedom, our country’s highest civilian honor, to the arch-conservative economist Art Laffer.
Sadly, Laffer’s career has been heavy on punditry, light in academic rigour, and perfectly destructive for the average American and the long-term health and sustainability of our economy.
Morris Pearl is chair of Patriotic Millionaires, which focuses on promoting public policy solutions that encourage political equality, insure a sustaining wage for running Americans, and ensure that wealthy individuals and corporations pay their fair share of taxes. He previously was a managing director at BlackRock, one of the world’s largest investment firms.
Read more: theguardian.com