Arthur Laffer Discusses Supply-Side Economics at Johns Hopkins

The agriculture industry continues to play a pivotal role in the U.S. economy, contributing over $9.5 trillion, which represents 18.7% of the national economic output, according to the latest Feeding the Economy report released by 36 food and agriculture groups. This marks a slight decrease from 2024, where agriculture accounted for about 20% of the economy. The report emphasizes the importance of farmers and food producers in driving economic growth and stability, as highlighted by NASDA CEO Ted McKinney during the recent Agri-Pulse Ag and Food Summit. Meanwhile, Arthur B. Laffer, a key figure in supply-side economics, is set to speak at Johns Hopkins University, where he will discuss economic policy and the impact of taxes and tariffs under the Trump administration, reflecting ongoing debates in economic thought and practice. Laffer's insights are particularly relevant given the contrasting economic narratives surrounding government intervention and market-driven approaches. These discussions come at a time when the agricultural sector's contributions are under scrutiny amid shifts in economic policies.