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The Napkin Doodle That Launched the Supply-Side Revolution

The Napkin Doodle That Launched the Supply-Side Revolution
Photograph by David Brandon Geeting for Bloomberg Businessweek

1974 Economist Arthur Laffer sketches his theory of tax policy over dinner with Wall Street Journal writer Jude Wanniski and Ford administration officials Donald Rumsfeld and Dick Cheney, kick-starting the rise of supply-side economics.