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The income effects in an economy always sum to zero.

Arthur Laffer

Arthur Laffer Biography

  Nationality: American
Type: Economist

Born: August 14, 1940
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Quote of the Day
“I looked about me once again, and suddenly the dancing horses without number changed into animals of every kind and into all the fowls that are, and these fled back to the four quarters of the world from whence the horses came, and vanished.”

 

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