Dick Cheney, Donald Rumsfeld and Arthur Laffer talk about the 1974 Dinner Napkin that Changed the Economy.

This Bloomberg video recreated the legendary scene in 1974 where Laffer sketched out his theory on napkin at lunch with Donald Rumsfeld and Dick Cheyney, both of whom were working for the Ford administration. 

In 1974, economist Arthur Laffer sketches his theory of tax policy over dinner with Wall Street Journal writer Jude Wanniski and Ford administration officials Donald Rumsfeld and Dick Cheney, kick-starting the rise of supply-side economics. Forty years after one of the most famous dinner-napkin doodles in American history, Laffer, Cheney, and Rumsfeld reunited at that same restaurant.

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