• Heritage Action   • Heritage Libertad   • More WebMemo #1311
on Economy  January 16, 2007  The Four Pillars of Reaganomics
The following is Arthur Laffer's November 13 address to members
of The Heritage Foundation's President's Club at the fall 2006
President's Club meeting, held at the Ronald Reagan
International Trade Center in Washington, DC.  You know, one
thing I always loved, Ed, was when I followed Milton Friedman to
the podium I could actually raise the microphones.  Seriously,
it's really a pleasure being here with all of you tonight. Ed,
what you have done with Heritage, you and Phil, it just-it
boggles the mind, the contribution you've made. It's a real
honor to be here with all of you. [Applause.]  I'm going to
follow the advice of one of my mentors, a professor of mine-and
I was the chairman of his advisory board when he was senator
from the state of California-a man named Sam Hayakawa. Do all of
you remember him? He was great, but he gave me one piece of
advice which I am going to follow thi