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2010-02-21 11:17 pm (UTC)
The Laffer curve is basically the fundamental theorem of Calculus, isn't it? (Taxes collected at rate 0%: 0. Taxes collected at rate 100%: 0. We have empirical evidence that we actually DO collect taxes at a rate somewhere in the middle. So there must be a peak somewhere.)
I don't think that actually is the fundamental theorem of calculus, but it's close.
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