Arthur Laffer - Nexpoint Residential Independent Director

Dr. Arthur B. Laffer, Ph.D. is Independent Director of NexPoint Residential Trust, Inc. Dr. Arthur Laffer is the founder and chairman of Laffer Associates, an economic research and consulting firm. A former member of President Reagan Economic Policy Advisory Board during the 1980s, Dr. Laffer economic acumen and influence have earned him the distinction in many publications as The Father of SupplySide Economics. He has served on several Boards of directors of public and private companies, including staffing company MPS Group, Inc., which was sold to Adecco Group for 1.3 billion in 2009. Dr. Laffer was previously a consultant to Secretary of the Treasury William Simon, Secretary of Defense Donald Rumsfeld, and Secretary of the Treasury George Shultz. In the early 1970s, Dr. Laffer was the first to hold the title of Chief Economist at the Office of Management and Budget under Mr. Shultz. Additionally, Dr. Laffer was formerly the Distinguished University Professor at Pepperdine University and a member of the Pepperdine Board of Directors. He also served as Charles B. Thornton Professor of Business Economics at the University of Southern California and as Associate Professor of Business Economics at the University of Chicago. Laffer is credited with advancing the concept of supplyside economics when he drew a curve on the back of a napkin at a dinner meeting, showing that government tax receipts can sometimes increase when federal income tax rates are lowered. The Laffer Curve and supplyside economics served as the foundation for Reaganomics in the 1980s when Dr. Laffer served on the President Economic Policy Advisory Board from 1981 to 1989. Dr. Laffer was recognized for his achievements in economics, having been featured in Time Magazine 1999 cover story, The Century Greatest Minds, for inventing the Laffer Curve, which Time deemed one of a few of the advances that powered this extraordinary century. since 2015.