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Arthur Laffer Quotes


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Quotes by Arthur Laffer

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Because tax cuts create an incentive to increase output, employment, and production, they also help balance the budget by reducing means-tested government expenditures. A faster-growing economy means lower unemployment and higher incomes, resulting in reduced unemployment benefits and other social welfare programs.

~Arthur Laffer

Topics: Also Balance Because Benefits Budget Create Cuts Economy Employment Expenditures Government Help Higher Incentive Incomes Increase Lower Means Other Output Production Programs Reduced Reducing Resulting Social Social Welfare Tax Tax Cuts Unemployment Welfare

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What I'm not saying is that all government spending is bad. It's not - far, far from it, but there is no free lunch, as a former colleague of mine used to say. There is no public tooth fairy. Father Christmas does not work on the Treasury staff this year. You can never bail someone out of trouble without putting someone else into trouble.

~Arthur Laffer

Topics: Bad Bail Christmas Colleague Does Else Fairy Far Father Former Free Free Lunch Government Government Spending Lunch Mine Never Out Public Putting Say Saying Someone Spending Staff Tooth Treasury Trouble Used Without Work Year You

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

~Arthur Laffer

Topics: Money Prosperous Sine Society Sound

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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

Topics: Am Benefits Economy Farmers Farms Funds Gets Give Going Heads Here Him Imagine Intuitive Just Me Over Pays Sort Stimulus Think Those Today Try Two Unemployment Way Who Whole World You Your

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California is the highest-tax state in the nation and has been for a long time. It has the highest-paid teachers in the nation, by far - $400 a month more than New Jersey - and yet California is the third lowest state on test scores for fourth and eighth grade English and math in the nation, and has been at the low level for a long, long time.

~Arthur Laffer

Topics: Been California Eighth Eighth Grade English Far Fourth Grade Jersey Level Long Long Time Low Lowest Math Month More Nation New New Jersey Scores State Teachers Test Test Scores Than Third Time

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You know, without China there is no Wal-Mart and without Wal-Mart there is no middle class and lower class prosperity in the United States.

~Arthur Laffer

Topics: China Class Know Lower Lower Class Middle Middle Class Prosperity States United United States Wal-Mart Without You

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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

Topics: Done Economy Free Free Trade Government Just Money Much Over Printing Prosperous Raising Rates Restricting Tax Tax Rates Too Too Much Too Much Money Trade Way You

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I feel very uncomfortable with respect to looking at inflation.

~Arthur Laffer

Topics: Feel Inflation Looking Respect Uncomfortable Very I Feel

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In 1994, Estonia became the first European country to adopt a flat tax, and its 26 percent flat tax dramatically energized what had been a faltering economy. Before adopting the flat tax, the Estonian economy was literally shrinking. In the eight years after 1994, Estonia experienced real economic growth - averaging 5.2 percent per year.

~Arthur Laffer

Topics: Adopt Adopting After Became Been Before Country Dramatically Economic Economic Growth Economy Eight Estonia European Experienced First Flat Flat Tax Growth Had Literally Per Percent Real Shrinking Tax Year Years

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Sometimes, tax rate increases create the very problems that the spending is intended to cure. In other words, the tax rate increases reduce economic growth; they shrink the pie; they cause more poverty, more despair, more unemployment, which are all things government is trying to alleviate with spending.

~Arthur Laffer

Topics: All Things Alleviate Cause Create Cure Despair Economic Economic Growth Government Growth In Other Words Increases Intended More Other Pie Poverty Problems Rate Reduce Shrink Sometimes Spending Tax Tax Rate Things Trying Unemployment Very Which Words

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Biography

Nationality: American

Type: Economist

Born: August 14th, 1940

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