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Arthur Laffer Quotes

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 Picture Quote #1

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 Picture Quote #1

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 Picture Quote #1

With the shrinking of the US economy, and it’s shrinking very rapidly, you not only have more money, but you also have fewer goods. That’s a classic double-whammy on inflation Picture Quote #1

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 Picture Quote #1

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 Picture Quote #1

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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? Picture Quote #1

Sound money is the sine qua non of a prosperous society Picture Quote #1

The income effects in an economy always sum to zero Picture Quote #1

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 Picture Quote #1

The truth of the matter of is that stimulus money not only doesn’t stimulate; it actually reduces output Picture Quote #1

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 Picture Quote #1

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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 Picture Quote #1

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 Picture Quote #1

There are lots of other things that affect state growth besides state taxes. However, the reason I look at taxes is because these are policy variables that can be changed by state governments in order to get better results than they otherwise had Picture Quote #1

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 Picture Quote #1

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 Picture Quote #1

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 Picture Quote #1

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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 Quotes) 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 Quotes) 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. (Arthur Laffer Quotes) With the shrinking of the US economy, and it’s shrinking very rapidly, you not only have more money, but you also have fewer goods. That’s a classic double-whammy on inflation (Arthur Laffer Quotes) 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 Quotes) 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 Quotes) 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 Quotes) Sound money is the sine qua non of a prosperous society (Arthur Laffer Quotes) The income effects in an economy always sum to zero (Arthur Laffer Quotes) 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 (Arthur Laffer Quotes) The truth of the matter of is that stimulus money not only doesn’t stimulate; it actually reduces output (Arthur Laffer Quotes) 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 Quotes) 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 Quotes) 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 Quotes) There are lots of other things that affect state growth besides state taxes. However, the reason I look at taxes is because these are policy variables that can be changed by state governments in order to get better results than they otherwise had (Arthur Laffer Quotes) 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 Quotes) 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 Quotes) 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 Quotes)