 Economist Arthur Laffer (Sarah L. Voisin/The Washington Post) By Jim Tankersley Arthur Laffer has stopped watching the morning news. Instead, every day he watches a documentary film called "The Kingdom of the Blue Whale," about the breeding and calving habits of the world's largest mammal. It is narrated by the actor Tom Selleck, and it explores the lives and songs of a species that rebounded after being hunted to near extinction in the mid-20th century. "It's a wonderful story," Laffer says, "of positive outcome." He is no longer certain that the presidential election will end the same way. Laffer, a conservative economics legend and former adviser to President Ronald Reagan, began this campaign cycle convinced that political and economic trends were converging on a Reagan-style sweep for the Republican Party. As recently as July, he issued a detailed report on those trends, concluding, "The essential characteristics of the narrative for the Trump campaign and the Reagan campaign of 1980 are surprisingly similar, which would point to a Trump landslide." The campaign since then, he conceded, "sure isn't the one I expected." He added, "So I have no idea how this all turns out tomorrow." Read the rest on Wonkblog.
Chart of the day Prices for two drugs that treat arthritis have increased in tandem, but there is an explanation that does not imply illegal collusion. Carolyn Y. Johnson has more. | 
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