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Even if reform to place at lightening speed right now there is a J Curve effect to be endured.
FORBES: Bonds, Bailouts & Barber -Surgeon's
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While lags are expected (economists speak of a J-curve effect that accounts for the process of adjustment to the new prices in both countries), a two or three year lag in an era of instant communications, cyberspace transactions, transnational production, and airtight supply chains is simply not credible.
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He said his Laffer Curve-effect worked only at the highest income level where taxpayers can afford tax lawyers and accountants.
FORBES: The Real Problem With Obama's Tax-Cut Priorities
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The Laffer Curve-effect is more likely to work miracles if the highest marginal income tax rate is very high to begin with say over 50 or 60 percent and if the taxpayer has control of when to realize income for tax purposes.
FORBES: The Real Problem With Obama's Tax-Cut Priorities
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For example, in an ingenious argument, he shows that the chief effect of an inverted yield curve is to shift leadership from growth companies to value firms that benefit from the free availability of bank loans.
FORBES: George Gilder Is On A Ken Fisher Kick
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What we're about to show you is decidedly low-tech -- it's essentially a projection screen with a sharp curve at the bottom -- but the resulting effect conveys a more realistic 3D image, for certain applications, at least.
ENGADGET: Curved panel gives more depth to 3D projections, we take a look at NAB (video)
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Other ideas, such as Ronald Reagan's beloved Laffer curve, were derided in spoof articles: Mr Gardner had a sense of humour, and used it to effect.
ECONOMIST: Martin Gardner
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But does all the previous reluctance of central bankers to act have them so far behind the curve of a potential global recession that by the time the actions are announced, implemented and begin to have an effect, it will be too late?
FORBES: Can Central Banks Still Prevent A Global Recession?