Art Laffer Loses Ungracefully To Peter Schiff

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In the video I posted earlier, Art Laffer agrees to a bet (for a penny) with Peter Schiff in regards to their opposed forecasts of the economy. William D. Masur sends in this clip of Laffer being confronted about the bet by Bill Maher:

Laffer gives a sad excuse that he can’t forecast farther then 9 months out. Near the end of the clip Maher asks him if he’s always for higher taxes and Laffer actually says he wants the government to have more money. What a disgrace.

1:19 pm on December 1, 2008
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