So Arthur Laffer, the creator of the Laffer Curve, which was used to justify lower taxes on the grounds that the increase in economic activity would actually increase the amount of tax revenue despite the lower rates, just crapped out on national television this pearl of wisdom:
If you like the Post Office and the Department of Motor Vehicles and you think they’re run well, just wait till you see Medicare, Medicaid and health care done by the government.
If I were a Very Serious Blogger, I’m sure I would have something trenchant to say, but, damn, what a fucking moron. Laffer is the brilliant mind that has motivated much of the last two decades worth of Republican and conservative economic thought (in practice: I don’t care what the few True
Scotsmenconservatives really think).
Consider it the economic version of Palinism.