Arthur Laffer famous quotes

03-22-2025

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 #Looks #Taxation
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

#Dollars #Remember #Outsourcing
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 #Father #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 #Done #Too Much
You want to prove that Milton Friedman is a fascist? It's easy. Quote him.
-- Arthur Laffer

#Want #Easy #Milton
It is not true that Congress spends money like a drunken sailor. Drunken sailors spend their own money. Congress spends our money.
-- Arthur Laffer

#Money #Sailor #Congress
Sound money is the sine qua non of a prosperous society.
-- Arthur Laffer

#Sound #Prosperous
The income effects in an economy always sum to zero.
-- Arthur Laffer

#Zero #Income #Economy
When you look at the world, everyone in the world who cares about his or her family wants to have a major portion of their assets in the United States because we are the growth country and the freedom loving country.
-- Arthur Laffer

#Country #Growth #Looks
If you like the post office and the Department of Motor Vehicles and you think they're run well, just wait till you see Medicare, Medicaid and health care done by the government.
-- Arthur Laffer

#Running #Thinking #Government
People can also change the timing of when they earn and receive their income in response to government policies.
-- Arthur Laffer

#Government #People #Income
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

#Thinking #Two #Giving
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

#Fall #Thinking #Apples
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

#Stress #Mean #Government
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

#Shrinking #Classic #Economy
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

#Recovery #West #East
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

#Cutting #Economy #Increase
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

#Class #United States #Prosperity

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