The Dinner Napkin That Changed the U.S. Economy

The transcript details an economist's experiences in Washington DC, focusing on a pivotal dinner where the Laffer Curve was introduced. The discussion covers economic challenges during the transition from the Nixon to Ford administration, the simplicity and impact of the Laffer Curve, and its influence on Reagan's policies. Reflections on friendships and the long-term impact of these economic ideas are also shared.

What were the economic challenges faced by the country during the transition from the Nixon to the Ford administration?

What was the reaction of the speaker and his colleagues to the Laffer Curve?

How did the speaker describe his relationship with Dick Cheney and Don Rumsfeld?