Money Quote by Arthur Laffer

“Sound money is the sine qua non of a prosperous society.”

Arthur Laffer

About This Quote

Source Speech: Economic Policy Lecture, 1995

A thriving society needs a stable, reliable currency that retains value and facilitates trade.

In simple terms: A strong currency is essential for prosperity.

Key Takeaway

Protect and maintain currency stability.

Themes

economics currency prosperity

Mood

analytical concerned

Type

economic policy educational

When to use this quote

government budgeting
investment decisions
international trade
personal finance

Key Concepts

monetary policy inflation control fiscal responsibility

Questions to Reflect On

How does currency stability affect everyday life?
What policies best ensure sound money?

A Different Perspective

If other factors like innovation are ignored, prosperity may still falter.

★ ★ ★ ★ ★ 3.7 out of 5 (8 ratings)

Money Money Sine Non Prosperous Prosperous Prosperous Society Rich Sound Sound Money

More by Arthur Laffer

You want to prove that Milton Friedman is a fascist? It's easy. Quote him.

Arthur Laffer

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

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

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

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

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

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

Image

People can also change the timing of when they earn and receive their income in response to government policies.

Arthur Laffer

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

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

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

Image

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,…

Arthur Laffer

Image

Explore all 32 Arthur Laffer quotes

More Money quotes

You've got to tell your money what to do or it will leave.

Dave Ramsey

Image

Don't let's lose sight of what creates wealth. It is open markets, it is capitalism.

Rupert Murdoch

Image

If I had a dollar for every time I couldn’t sleep, I could buy a billion locks and finally read a book in peace.

Aesop Rock

Image

Money is the kind of instrument which is very speedily produced.

Anatoly Chubais

Image

I would borrow money all day long, if the cost of borrowing is less than the expected return.

Brad Schneider

Image

If you restore a car, and you're making money, then you're doing it wrong.

Jay Leno

Image

Maybe you can,t buy a big house.. A new car.. A huge diamond ring.. But if you have just one true friend who loves…

Cathy

Image

“Don't allow money to become the yardstick by which you measure the worth of the world around you!”

Andrew James Pritchard

Image

Academically, I was never that interested. I skipped classes. My biggest dream was to have a coffee shop, but I had no idea how…

Daniel Espinosa

Image

Amongst the financial Twitterati, the term 'muppets' has come to describe any client used and abused by some financial predator. I've adopted the term…

Barry Ritholtz