this article covers the Laffer process perfectly There is no accounting for bad tastes. Laffer was an economic advisor to Donald Trump's 2016 presidential campaign.[2] On June 19, 2019, President Donald Trump awarded Laffer with the Presidential Medal of Freedom for his contributions in the field of economics.[3] https://en.wikipedia.org/wiki/Arthur_Laffer#:~:text=Laffer%20was%20an%20economic%20advisor,in%20the%20field%20of%20economics. Whartons wants Trump's diploma back. They regraded his tests on the curve and he still flunked Econ 101.