This video from August 2006, shows Peter Schiff on CNBC’s Kudlow and Company in debate with Art Laffer, a Reagan economic advisor and creator of the Laffer Curve (shows how raising tax rates often results in reduced tax revenues). Peter Schiff is an economic advisor to Texan Rep Ron Paul(R), and the author of Crash Proof: How to Profit From the Coming Economic Collapse (Lynn Sonberg Books)
. They all but “Laff” him off the show for his predictions, but watch and see how much he says has come true. I have met Art Laffer a couple of times as he was a keynote speaker at some financial adviser conferences. He has always carried the bullish briefcase and held the steadfast belief in trickle down economics. He is consumate proponent of Reaganomics.
