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ADVISORY/Legendary Economists Milton Friedman and Arthur Laffer to Debate Money, Taxes and America's Economic Future in San Francisco.


Business Editors & News/Assignment Writers

ADVISORY...for Wednesday (June 26)

--(BUSINESS WIRE)

The Club for Growth, the nation's leading tax cut advocacy organization, will sponsor a luncheon debate between two of the world's best known economists, Dr. Milton Friedman Noun 1. Milton Friedman - United States economist noted as a proponent of monetarism and for his opposition to government intervention in the economy (born in 1912)
Friedman
 and Dr. Arthur Laffer Noun 1. Arthur Laffer - United States economist who proposed the Laffer curve (born in 1940)
Laffer
.

Dr. Friedman won the Nobel Prize Nobel Prize, award given for outstanding achievement in physics, chemistry, physiology or medicine, peace, or literature. The awards were established by the will of Alfred Nobel, who left a fund to provide annual prizes in the five areas listed above.  for Economics in 1974. He is the godfather of the monetarist Monetarist

An economist who holds the strong belief that the economy's performance is determined almost entirely by changes in the money supply.

Notes:
Milton Friedman was a well-known monetarist.
 school of economic thought and is the author of many books including Free to Choose and Capitalism and Freedom.

Dr. Arthur Laffer is the dean of supply-side economic theory that was the intellectual basis for President Reagan's plan for economic recovery. Time magazine called his development of the Laffer Curve Laffer Curve

Invented by Arthur Laffer, this curve shows the relationship between tax rates and tax revenue collected by governments. The chart below shows the Laffer Curve:
 one of "a few of the advances that powered this extraordinary century."

"We are honored to present these titans of economic thought for what will surely be a lively exchange," said Stephen Moore Stephen Moore may refer to:
  • Stephen Moore (actor), (b. 1937) English actor.
  • Stephen Moore (economist), Economist and former president of the Club for Growth; senior fellow at the Cato Institute; contributing editor of National Review
, president of the Club for Growth. "These men revolutionized American economic thought and there is no one better to comment on the future of the economy."

    WHO:    Dr. Milton Friedman, Nobel Laureate
            Dr. Arthur Laffer, president, Laffer Associates
            Stephen Moore, president, Club for Growth

    WHAT:   Debate on Taxes, Economic Policy and the Stock Market

    WHEN:   Wednesday June 26, 12:30 p.m. PDT

    WHERE:  Ritz Carlton Hotel
            San Francisco, Calif.


For more information, please contact Kevin McVicker at 703-739-5920 or 800-536-5920.
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Publication:Business Wire
Date:Jun 24, 2002
Words:224
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