Arthur Laffer - most efficient tax rate

 

Herbert Stein - father of Supply-side economics

Herbert was one of President Richard Nixon's economic advisers in the 1970s and in 1976, he came up with the concept of supply-side policies. He was a neo-classical economist, who believed in freeing up the markets, reducing regulation, reducing taxes and less government intervention. There is no surprise that Nixon was a Republican, similar to our (right wing) Conservative party.

http://en.wikipedia.org/wiki/Herbert_Stein

http://en.wikipedia.org/wiki/Supply-side_economics

Bill Phillips - economist

Bill Phillips, from New Zealand was the 'Indiana Jones' of the economics world. His jobs included being a crocodile hunter and a cinema manager. He led a very exciting maverick life and ended up at LSE and is best known for his Phillips curve, which he came up with in 1958.

http://en.wikipedia.org/wiki/William_Phillips_(economist)

Trillion dollars - a visual representation

Gives you an understanding of just how much 1 trillion dollars is. Bearing in mind, the US's national debt is $17 trillion.

https://www.youtube.com/watch?v=n4-4bvuX7qA

Cameron pledges to cut red tape

Thousands of rules affecting business are to be scrapped or amended, David Cameron has told a Federation of Small Businesses (FSB) conference.

More than 3,000 rules will be dropped or changed, saving more than £850m a year, he told the FSB.

http://www.bbc.co.uk/news/business-25903681

World debt - debt to gdp ratio

http://www.usdebtclock.org/world-debt-clock.html

Cuts in welfare spending

A further £25bn spending cuts - much of it from the welfare budget - will be needed after the next election, Chancellor George Osborne has warned.

http://www.bbc.co.uk/news/uk-politics-25617844