Chapter 4, question 6

Reaganomics has fascinated me for a while now. It boggled my mind to see such a hair-brained plan. I was intrigued to learn about the reasons for which it was implemented, especially the origins of the Laffer curve. I think that the Laffer curve was well intended and logical, but failed to take into account the shortsightedness of the average Joe as well as the illogical nature of humans in general (i.e. irrational rational self-interest). But perhaps both Reaganomics and the Laffer curve could be possible in a more highly educated society, where everyone understand economics and can see what was going on with such a plan; I doubt it though.