Arthur Laffer Quotes

A collection of quotes by Arthur Laffer.

Arthur Laffer is an American economist and public figure, widely recognized for his contributions to supply-side economics. Born on August 14, 1940, in Youngstown, Ohio, Laffer obtained his Bachelor's degree in economics from Yale University and went on to earn his Master's and Ph.D. in economics from Stanford University.

Laffer rose to prominence in the 1970s when he developed the Laffer Curve, a graphical representation illustrating the relationship between tax rates and government revenue. According to this theory, there is an optimal tax rate that maximizes revenue, beyond which increasing taxes becomes counterproductive. This concept has had a significant impact on tax policy and has been influential in guiding economic policies in several countries.

Throughout his career, Laffer has advised various political figures and held prestigious positions in both academia and the public sector. He served as an economic advisor to President Ronald Reagan and played a key role in shaping Reagan's economic policies, including the landmark tax cuts of the 1980s. Laffer has also worked as a professor of economics at various universities, including the University of Chicago and Pepperdine University, where he continues to educate and mentor students.

As a prolific writer, Laffer has authored several books, papers, and articles on economics and policy. His contributions have earned him numerous accolades and have solidified his place as one of the most influential economists of his time. Today, Arthur Laffer remains an active voice in economic debates and continues to advocate for policies promoting economic growth, lower taxes, and limited government intervention.

The truth of the matter of is that stimulus money not only d

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

Arthur Laffer


And you can't have a prosperous economy when the government

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

Government

What I'm not saying is that all government spending is bad.

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

Christmas

It has always amazed me how tax cuts don't work until they t

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

Experience