Tuesday, September 12, 1989

Laffer plan challenged.

The battles of the American Revolution are now being re-fought in Alaska’s economic policy debate. The British Tories are represented by Arthur B. Laffer Associates and the American Patriots represented by citizens promoting industrial science policy. Arthur B. Laffer has published his battle plans under the title “Promoting Economic Growth in Alaska.” This book, commissioned by the Alaska Senate, represents the work of a financial analyst with no understanding of engineering or physical economy. Totally excluded is the relationship between infrastructural development, science policy and per capita productivity.

Arthur B. Laffer even denies the existence of the Japanese principle of maximum financial leverage for industrial science policy!

The result of his irrational British ideology is to protect the interests of the international financial community while preventing the development of independent manufacturing. This was the principle and direct cause of the American Revolution.

Patriots must rise up and demand that Arthur B. Laffer’s most potent intellectual adversary, David P. Goldman of Executive Intelligence Review, be retained by the Alaska Senate. David P. Goldman’s book on promoting economic growth in Alaska can then be placed next to Arthur B. Laffer’s, thus allowing citizens to make a rational choice. Without this choice the Alaska Senate has effectively armed the Tories and disarmed the Patriots.

Charles E. Duncan