Thursday, June 11, 2009

The Laffer Spike

This is nothing to laugh about:

Hot Air » Blog Archive » Chart of the Day: The Laffer Spike
Arthur Laffer, who brought us the Laffer Curve in the 1980s, has another kind of geometric shape for us today in the Wall Street Journal. Let’s call it the Laffe Spike, and unfortunately this one isn’t hypothetical. It demonstrates the massive boost in monetary supply pushed by the Fed and the government, and its historical singularity (via QandO):

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