Interview with Arthur Laffer: Economy of the World is a miracle like Universe

Why didn't politicians follow the simplest advice? Are we witnesses of great empire dusk again? Should we impose war tax? What can economists learn from the natural science?

Today we have very distinguished guest. As the member of President Reagan's economic policy advisory board, he participated in a fair successful try to make America great again in 1980s. Later he repeated it once again as the Economic Advisor of President Donald Trump. Father of the supply-side economics, of the most famous curve in the modern economic history, and the passionate biologist who once considered forsaking economics for a career in biology. Fortunately for the prosperity of many countries and for the economic science itself, he didn't do it.

President Donald Trump honoured him with Medal of Freedom for bringing great opportunity for all Americans. President Trump said few people in history have revolutionised economic theory like him. Academics call his theory insanity, totally a wreck, and completely wrong. With optimism, confidence, and exceptional intellect, he would go on to prove them all wrong on a number of occasions.