Quote by 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.


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

Summary

This quote highlights the potential hindrances to a prosperous economy caused by various government actions. Overspending by the government can lead to increased debt and financial instability. Raising tax rates can discourage investment and disincentivize economic growth. Excessive printing of money can undermine the value of the currency and result in inflation. Overregulation can impede business operations and hamper entrepreneurial activities. Lastly, restrictions on free trade can limit opportunities for economic expansion and global competitiveness. The quote suggests that all of these factors combined can significantly undermine the prospects of a flourishing economy.

By Arthur Laffer
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