A Blog about the Laffer Curve in the UK. Robert P. Murphy National Institute of Economic and Social Research Jagjit S. Chadha Warwick Economics John Carney rogerfarmer.com/rogerfarmerblo… "I wrote this piece in 2022 when Liz Truss was Prime Minister. I am reposting it now in light of the recent piece by David Aikman, Director of NIESR

Bob Murphy defends the idea that tax cuts do not imply reductions in tax revenues. He is right. rogerfarmer.com/rogerfarmerblo…

Tässä Farmerilta ("big name") näyttöä siitä, miten marginaaliveron nosto 40 --> 50 ja lasku 50 --> 45 vaikuttivat verotuloihin. Farmerin arvio on, että Laffer-käyrän huippu on jossain 40:n ja 50:n prosentin välillä. x.com/farmerrf/statu…

I don’t understand your point Nick Gillespie. The White House post you cite does not claim $8 trillion in tariff revenues. It claims $8 trillion in promised investments. I agree that may be an overestimate. But it has nothing to do with tariff revenues. Here is the response of

Thanks for pointing out the text in the image Nick Gillespie Nick. This is how it looked in my browser. Yes $8 trillion in tariff revenues is insane. And yes, $8 trillion in investments is likely an exaggeration. But the claim that Trump’s trade policies have driven trillions

📽️Is Britain REALLY facing a 1970s-style fiscal crisis? Why are investors so freaked out about UK debt? Is this REALLY worse than under Liz Truss? Who's to blame? Rachel Reeves? The Bank of England? And would a bit of productivity really solve everything? 📈 Your 6 min primer👇

This piece on the revival of US manufacturing from Joel Kotkin on UnHerd is insightful and well worth reading. unherd.com/2025/09/trumps…

More concerning is the possibility that the next generation of students won’t *be able* to write in longhand on a notepad because they are not being taught cursive writing — let alone shown how to multiply and divide numbers without the benefit of a calculator. Steven Pinker

I’m looking forward to the finished book Deirdre Nansen McCloskey

As expected, BoE keeps rates on hold at 4% (with two members voting for 0.25ppts cut) as it juggles higher near-term inflation and weaker labour market. Bigger news is the slowing of QT sales to £70bn and skewing to shorter maturities. Thread on all that to follow...

Probably not looking so good for non US citizens applying for academic jobs in the U.S. The newly instituted 100k payment to recruit HB1 visa applicants will make U.S. citizens much more attractive to potential employers; both academic and non-academic. And foreign applications

Yes I agree with all of this. But reading Laidler’s discussion on nineteenth and early twentieth century monetary theory is enlightening to a modern theorist, like me, schooled largely in the era of rational expectations. His book on the golden Age of the Quantity Theory is well

Att’n: Alex Tabarrok David Beckworth David Glasner Jason Furman Zachary D. Carter Claudia Sahm Roger E. A. Farmer Frances 'Cassandra' Coppola Greg Ip Vincent Geloso Lawrence H. White Christonabike Robert P. Murphy Ryan Bourne

Congratulations to the winners of this year’s Nobel Prize in Economics. Peter Howitt, Joel Mokyr and Philippe Aghion. Peter was my advisor at the University of Western Ontario, now known just as Western University. Western University

Stephen Gordon I (Roger E. A. Farmer too) was fortunate to take his Advanced Macro class, in the UWO PhD program, 1978 or 1979. Taught us Disequilibrium Macro. Great teacher. Good to see him get the Nobel.

Another excellent video from Ed Conway : This one on rare earths. Highly recommended!