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Arthur Laffer Quotes


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Quotes by Arthur Laffer

Showing 21-30 of 47 Quotes by Arthur Laffer

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

~Arthur Laffer

Topics: Also Change Earn Government Income People Policies Receive Response Timing

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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

Topics: Always Amazed Collapse Cuts Economy Effect Experience How Increases Me Obama Rate Reverse Take Tax Tax Cuts Tax Rate Until Will Work Mr

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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

Topics: Alone Government Government Spending Heard Himself Look Never Person Poor Prosperity Spending Taxation Taxing You

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The income effects in an economy always sum to zero.

~Arthur Laffer

Topics: Always Economy Effects Income Sum Zero

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The truth of the matter of is that stimulus money not only doesn't stimulate; it actually reduces output.

~Arthur Laffer

Topics: Actually Matter Money Only Output Stimulate Stimulus Truth

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We are having the single worst recovery the U.S. has had since the Great Depression. I don't care how you measure it. The East Coast knows it. The West Coast knows it. North, South, old, young, everyone knows it's the worst recovery since the Great Depression.

~Arthur Laffer

Topics: Care Coast Depression East East Coast Everyone Great Great Depression Had Having How Knows Measure North Old Recovery Since Single South West West Coast Worst You Young

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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

Topics: Apple Apples Base Bumper Cannot Colonial Crop Each Falling Fed Five Had History Increase Inflation Largest Monetary Next Over Present Price Prospects Quite Serious Seven Six Ten The History Of Think Times Value Without Years You I Think

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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

Topics: Back Bank Bonds Bring Down Fed Lending Levels Liability Required Reserve Reserves Restraint Sell

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Ask me whether inflation represents longer-term problem. I think there's a potential there for excess reserves to create problems.

~Arthur Laffer

Topics: Ask Create Excess Inflation Me Potential Problem Problems Represents Reserves Think Whether I Think

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I've been truly blessed. I've been a fly on the wall of history. I've been just so many lucky places just by chance and serendipity, and obviously a huge portion of that serendipity had to do with my relationship with the real president, Ronald Reagan.

~Arthur Laffer

Topics: Been Blessed Chance Fly Had History Huge Just Lucky Many Obviously Places Portion President Reagan Real Relationship Ronald Reagan Serendipity Truly Wall

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Biography

Nationality: American

Type: Economist

Born: August 14th, 1940

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