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Economist Art Laffer told state lawmakers that the movement to overhaul the tax code in North Carolina is crucial to the national "fight for a different sort of economics."

"You are wearing the white hat," he said. "Don't let them take the white hate off you. Go to the goal line."

Laffer, the conservative economist and trickle-down believer, gave the keynote address at a "training" for state lawmakers hosted by the Civitas Institute, a conservative political organization.

The event featured presentations from a number of state lawmakers from outside North Carolina who are members of the American Legislative Exchange Council, known as a ALEC, a controversial group that pushes "model legislation" based on conservative ideology.

Derald Hafner is an economics buff.

Apart from his membership in a "natural economic law" group and his desire to dismantle the Federal Reserve, the candidate for the Democratic nomination in the 13th Congressional District also wrote an econ-heavy letter to the Durham Herald-Sun.

The letter, which ran on Sept. 15, 2003, references 18th century French economics theorist Jean-Baptiste Say in response to a column about free trade:

Another point Williams muddles through is the issue of producers and consumers. Say's Law of the Markets logically indicates we want our producers to be well paid for their products. Then the producer will be able to consume the same products. Cheap products mean cheap labor. Read third world labor.

Dome will get back to you once we figure out what he's talking about.

The full text of the letter after the jump.