Arthur Laffer

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

#economy #free #free trade #government #just

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

#back #dollar #every #goods #invested

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

#amazed #collapse #cuts #deferred #economy

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

— Arthur Laffer

#matter #money #only #output #reduces

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

#bank #bonds #bring #down #fed

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

#government #government spending #heard #himself #i

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

— Arthur Laffer

#change #earn #government #government policies #income

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

#changes #composition #government #government policies #income

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

— Arthur Laffer

#non #prosperous #sine #society #sound

The income effects in an economy always sum to zero. ↗

— Arthur Laffer

#economy #effects #income #sum #zero