Frederic Bastiat

French Libertarian

http://en.wikipedia.org/wiki/Frederic_Bastiat

author

His stress on the role of consumer demand in initiating economic progress meant that he was seen as a forerunner the Austrian School. He described the concept of tax revenue diminishing as tax rates are increased beyond a certain threshold. The concept is today referred to as the Laffer Curve.


Edited: |

blog comments powered by Disqus