Saturday, June 03, 2006

What did he scribble?

Another one from the archives:

The venue: Two Continents Restaurant in Washington. Year: 1974. This economist met the then Chief of Staff to President Gerald Ford, Donald Rumsfeld, and his deputy, Dick Cheney. While discussing Ford's proposal for tax increases, he scribbled something on the cocktail napkin, illustrating the trade-off between tax rates and revenues. Who's he and what did he scribble?

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