Famous economist Art Laffer reveals the truth about money! | Hn 173

On this episode of Haman Nature, Adam has some questions for economist Bob Murphy about a former boss of his. Art Laffer is a famous economist who has advised Nixon, Reagan, and Trump. He has been a tireless promoter of free markets, invented (or popularized) the famous "Laffer Curve" understanding of income taxes, and has come to believe that money production should be an entirely free market / private sector phenomenon. We agree! Enjoy!

00:00 -- Intro. Who is the Art Laffer fellow, and what is Bob's "special relationship" with him?

02:58 -- Clip 1: Laffer gives a little of his (and the US's) history with money and says it should all be private. Bob breaks down the history of money prior to the Fed.

15:26 -- Clip 2: Laffer describes debates with Milton Friedman and losing battles over sound money and fixed exchange rates. Who was right? Bob breaks down the economics of it all.

33:05 -- Clip 3: How did Laffer "discover" Supply-Side Economics? What's the Laffer Curve?

1:15:23 -- Outro. Thanks for watching Haman Nature!

Sponsor mentioned: https://theswanbrothers.com/cross

Book mentioned: Bob Murphy's "Understanding Money Mechanics": https://amzn.to/47OJ9t0

Adam on X: https://x.com/Rerazer

Bob on X: https://x.com/BobMurphyEcon

The Bob Murphy Show: https://www.bobmurphyshow.com/

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