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 governmenthavehear Change image and share on social
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 chinaclasslow Change image and share on social
The United States is a nation located in the global economy, and we get enormous, enormous benefits from dealing with foreigners. Arthur Laffer benefitdealeconomy Change image and share on social
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 actblackdisenfranchise share on social
I feel very uncomfortable with respect to looking at inflation. Arthur Laffer feelinflationrespect Change image and share on social
The states that have large in-migrations of Hispanics are Florida, Texas and California. And Florida and Texas are way above average in educational achievement, while California's the lowest, just about. Arthur Laffer achievementaveragecalifornia share on social
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 badcarecoast share on social
What we're talking about is the price of goods, all goods, in terms of money. That has nothing to do with unemployment, except for the fact that you get fewer goods. And when you have more money and fewer goods, the amount of dollars per good goes up. It goes up because there are fewer goods and it goes up because there is more money. Arthur Laffer amountdollarfact share on social
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 classicdoubleeconomy Change image and share on social
What you do by having an income tax rate reduction across the board, you really provide great incentives for people to work, produce, and increase output. So I would support a carbon tax in replacement for a progressive income tax. Arthur Laffer boardcarbongreat share on social