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This is the Laffer curve, which was promoted by one late 20th century president, Ronald Reagan, and ridiculed by another, George H. W. Bush, as "voodoo economics."

I'm no Marxist. I love competing in the market, and the last thing I'd want is to live under communism. My wife grew up with it in Minsk, Belarus, and I am absolutely, thoroughly convinced of the misery. But if you select the right passages, Marx can be read as being incredibly current.

[...] If everything will be free, why are we trying to corner anything? Are our fortunes only temporary? Will they become moot when we're done?