Arthur Laffer was the author of the above study, which showed that a 1% increase in money growth would produce a similar increase in real gross national product growth.

FORBES: Magazine Article

Taking those effects into account, CBO estimates that under the extended-baseline scenario, real (inflation-adjusted) gross national product (GNP) would be reduced slightly by 2025 and by as much as 2 percent by 2035, compared with what it would be under the stable economic environment that underlies most of the projections in this report.

FORBES: CBO Updates its Report on the Looming Debt Crisis