Arthur Laffer, the Reagan-era economist best known for the “Laffer Curve,” appeared recently at a Young America’s Foundation (YAF) event, still making the same tired claims that have shaped decades of economic inequality, deregulation, and magical thinking. The event, broadcast on C-SPAN, was marketed as a fresh take on conservative economics. What it delivered instead was a rerun of discredited supply-side talking points—punctuated by jokes that fell embarrassingly flat.
Laffer claimed that Donald Trump’s tariffs were a strategy to bring about more free trade in the future—a baffling contradiction to anyone who understands trade policy or the basics of coercive economic diplomacy. The idea that protectionism is a roundabout route to free markets would be laughable if it weren’t so destructive. But Laffer, like many libertarians, thrives on contradiction. The audience—young, mostly white, mostly male—nodded along as if it all made sense.
He also defended increased U.S. military spending, invoking Ronald Reagan’s 1980s arms buildup. What he didn’t mention: Reagan was in the early stages of dementia during his presidency, and his military strategy deepened the national debt, even as Laffer’s beloved tax cuts starved the government of revenue. That context never surfaced, of course.
Laffer’s appearance was followed by Linda McMahon, former WWE executive and Small Business Administration head under Trump. The tag team pairing reinforced the spectacle of right-wing economic theater disguised as intellectual discourse.
YAF, a competitor to Turning Point USA, presents itself as the more polished brand of conservative youth organizing. It’s backed by deep pockets and institutional support, but its message remains the same: glorify the market, demonize government, and elevate charisma over critical thinking. Its speakers are well-coached in rhetorical sparring, skilled in sophistry, and eager to exploit the inexperience of their college-aged audience.
Laffer fits that mold perfectly. He’s less a thought leader than a relic of failed policy, propped up by a movement that rewards ideological loyalty over intellectual honesty. His ideas can’t really be called “theories” anymore—empirical evidence has repeatedly debunked them. But among libertarians and the far right, evidence is optional, and repetition is persuasive.
Young America’s Foundation is adept at drawing youth into a worldview of individualism that rarely benefits individuals. It relies on the passion and ignorance of its followers, asking them to embrace contradictions: that tariffs bring freedom, that debt from war is freedom, that cutting taxes magically increases revenue. It’s a faith-based economics, and Laffer remains its high priest.
In the end, the only thing more stale than the Laffer Curve is the attempt to keep it alive.
Sources:
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C-SPAN: Art Laffer speech at YAF
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Reagan’s Alzheimer’s revelations: The New York Times
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Critiques of supply-side economics: Brookings, Economic Policy Institute
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YAF background: Media Matters, The Nation
