Reaganomics the tax rate cuts would more than cover any increases in federal debt, was influenced by a theoretical taxation model based on the elasticity of tax rates, known as the Laffer curve. Arthur Laffer's model predicts that excessive tax rates actually reduce potential tax revenues, by lowering the incentive to produce; the model also predicts that insufficient tax rates (rates below the optimum level for a given economy) lead directly to a reduction in tax revenues. Reagan lifted remaining domestic petroleum price and allocation controls on January 28, 1981, and lowered the oil windfall profits tax in August 1981. He
According to Spike Milligan there are running gags about Dr. Frankenstein's sea voyages during which his ship sinks, the monster disappearing mysteriously because he runs at speeds of 100 mph, and notes by an editor (Milligan) making sarcastic remarks about events in the novel. "The Hound of the Baskervilles According to Spike Milligan" is a spoof of "The Hound of the Baskervilles" by Sir Arthur Conan Doyle. The plot is almost the same as the original, the main differences being that the Spike Milligan version is considerably shorter, and there is more humorous content. Written from the viewpoint of Dr. Watson (who is accompanied