The Elusive Laffer Curve

Yesterday, Jason linked to this item at Economist’s View on why the magic appearance of the Laffer curve in a chart highlighted in this Wall Street Journal editorial was, shall we say, less than compelling. I’ve taken the time to review the chart and come to a conclusion that won’t please some of my conservative friends:

Imposing the Laffer curve on the data isn’t as delusional as pointing to an apparition of the Blessed Virgin in a grilled cheese sandwich, but it is intellectually dishonest.

For more Laffer curve fun, and a little lesson in data analysis, come on over to TommyWonk.