Politics, Time, and the Laffer Curve
解释理性政治决策过程为何会导致税率与税收收入呈反向关系，并说明一旦陷入这种局面，决策者为何难以摆脱。
Why should a rationally motivated political decision process generate an inverse relationship between tax rates and tax revenues? There would never seem a logical reason for increasing tax rates beyond maximum revenue limits. In this note, we explain how such a position can emerge and show why, once in such a position, political decision makers may find it difficult to escape.