Laffer curve United States fell from 70% to 31%. David Stockman, Ronald Reagan's budget director during his first administration and one of the early proponents of supply-side economics, was concerned that the administration did not pay enough attention to cutting government spending. He maintained that the Laffer curve was not to be taken literally—at least not in the economic environment of the 1980s United States. In "The Triumph of Politics", he writes: "[T]he whole California gang had taken [the Laffer curve] literally (and primitively). The way they talked, they seemed to expect that once the supply-side tax cut was in effect, additional
Notional Keeneland three weeks before the running of the Kentucky Derby. He will undergo surgery for the injury which is not life-threatening, but there is question about whether he will be able to return to racing. He did not run in any of the Triple Crown races. Having an uneventful four-year-old season, Notional returned to form winning the July 5th, 2008 running of the Salvator Mile Handicap under Joe Bravo. Notional Notional (born February 1, 2004 in California) is an American Thoroughbred racehorse. He was sired by In Excess and out of the mare Truly Blessed. His damsire, French Deputy, is