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I mean, everyone agrees with stress tests for banks. I mean that's clear. But banks should do that on their own. And they should worry about their own capital functioning. That's what they should do. It shouldn't be a government function.


Arthur Laffer


#banks #capital #clear #everyone #function



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About Arthur Laffer





Did you know about Arthur Laffer?

in Economics from Yale University (1962) and an M. Laffer earned a B. A.

Laffer is best known for the Laffer curve an illustration of the theory that there exists some tax rate between 0% and 100% that will result in maximum tax revenue for governments. : /ˈlæfər/; born August 14 1940) is an American economist who first gained prominence during the Reagan administration as a member of Reagan's Economic Policy Advisory Board (1981–89).

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