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 MechanicsAdam on X: @Rerazer Bob on X: @BobMurphyEcon The Bob Murphy Show: Adam’s other podcast: Natural Order Podcast This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit hamannature.substack.com/subscribe