Quotes by Arthur Laffer

Arthur Laffer

American economist and author

Alive from: 1940-

Category: Economists and businessmen | Writers (Contemporary)

Quotes 1 till 15 of 22.

• Arthur Laffer

  

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  Let me just try to give you sort of the intuitive one here on the stimulus funds. If you have a two-person economy - let's imagine we have two farms, and that's the whole world, just two farms. If one of those farmers gets unemployment benefits, who do you think pays for him? Am I going way over your heads today?

• Arthur Laffer

  

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  When you look at the world, everyone in the world who cares about his or her family wants to have a major portion of their assets in the United States because we are the growth country and the freedom loving country.

• Arthur Laffer

  

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  And just remember, every dollar we spend on outsourcing is spent on U.S. goods or invested back in the U.S. market. That's accounting.

• Arthur Laffer

  

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  And let the Fed sell bonds to bring bank reserves back down to required reserve levels, so we have restraint on bank lending and bank issuances of liability.

• Arthur Laffer

  

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  And you can't have a prosperous economy when the government is way overspending, raising tax rates, printing too much money, over regulating and restricting free trade. It just can't be done.

• Arthur Laffer

  

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  Government spending is taxation. When you look at this, I've never heard of a poor person spending himself into prosperity; let alone I've never heard of a poor person taxing himself into prosperity.

• Arthur Laffer

  

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  I mean, everyone agrees with stress tests for banks. I mean that's clear. But banks should do that on their own. And they should worry about their own capital functioning. That's what they should do. It shouldn't be a government function.

• Arthur Laffer

  

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  I think the inflation prospects for the U.S. over the next five or six, seven years, are quite serious. You cannot have a bumper crop in apples without the value or the price of each apple falling. The Fed has had the largest increase in the monetary base in the history of the U.S., from colonial times to the present, times ten.

• Arthur Laffer

  

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  It has always amazed me how tax cuts don't work until they take effect. Mr. Obama's experience with deferred tax rate increases will be the reverse. The economy will collapse in 2011.

• Arthur Laffer

  

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  People can also change the timing of when they earn and receive their income in response to government policies.

• Arthur Laffer

  

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  People can change the volume, the location and the composition of their income, and they can do so in response to changes in government policies.

• Arthur Laffer

  

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  Sound money is the sine qua non of a prosperous society.

• Arthur Laffer

  

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  The income effects in an economy always sum to zero.

• Arthur Laffer

  

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  The minimum wage is the black teenage unemployment act. It is the guaranteed way of holding the poor, the minorities and the disenfranchised out of the mainstream is if you price their original services too high.

• Arthur Laffer

  

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  The trade deficit is the capital surplus and don't ever think of having a capital surplus as being a bad thing for our country.