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… — Arthur Laffer Copy Share Image
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 Copy Share Image
You want to prove that Milton Friedman is a fascist? It's easy. Quote him. — Arthur Laffer Copy Share Image
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 Copy Share Image
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… — Arthur Laffer Copy Share Image
The tax rate increases reduce economic growth; they shrink the pie; they cause more poverty, more despair, more unemployment, which are all things government… — Arthur Laffer Copy Share Image
The zero-income-tax-rate states have far faster growth in tax revenues than did the states with highest income tax rate over this period. — Arthur Laffer Copy Share Image
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… — Arthur Laffer Copy Share Image
The trade deficit is the capital surplus and don't ever think of having a capital surplus as being a bad thing for our country. — Arthur Laffer Copy Share Image
People can also change the timing of when they earn and receive their income in response to government policies. — Arthur Laffer Copy Share Image
It is not true that Congress spends money like a drunken sailor. Drunken sailors spend their own money. Congress spends our money. — Arthur Laffer Copy Share Image
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… — Arthur Laffer Copy Share Image
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 Copy Share Image
