It’s not often that you can learn about the Laffer Curve from Art Laffer himself. While relatively controversial, Art Laffer popularized, but did not create, the notion that tax revenues could increase by lowering taxes. In this clip, he does a good job distinguishing between the two sections of the curve and focusing on the pedagogical side of the curve.
I like to use this clip in my first lecture to show students how I don’t want class to end up? Ben Stein plays the economist that none of us want to be! He somehow takes a really exciting subject and makes it dreadfully boring.