Home / Quotes / Quote by Arthur Laffer

Quote by Arthur Laffer

“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.”

Quote by Arthur Laffer

Author

Arthur Laffer, born on August 14, 1940, is an American economist known for his extensive research in the fields of supply-side economics and tax policy. He is renowned for his Laffer Curve, which describes the relationship between tax rates and tax revenue. more

You May Also Like

“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.”

Should Mean Government Worry Clear Tests Function Stress Agree

Author:Arthur Laffer

“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.”

Thinking Years Values Fall Next Five Serious Ten Six Increase Seven Apples Feds Inflation Seven Years Crops Monetary Prospects Present Time Bumper Colonial Times

Author:Arthur Laffer

“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?”

Ifs Thinking World Way Giving Trying Persons Two Whole Today Pay Economy Imagine Benefits Let Me Whole World Fund Over You Farms Farmers Unemployment Intuitive Stimulus Unemployment Benefits

Author:Arthur Laffer

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

People Government Policy Response Income Timing Government Policy

Author:Arthur Laffer

“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.”

Ifs Thinking Wells Done Government Care Running Waiting Office Health Care Posts Department Vehicle Motor Medicare Post Office Medicaid Motor Vehicles

Author:Arthur Laffer

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

Want Easy Prove Fascists Milton

Author:Arthur Laffer

“A creationist can embarrass an evolutionist by asking for a definition of species.”

Asking Species Definitions Creationist

Author:Walter Lang

“Accordingly, one race is neither superior nor inferior to another.”

Race Superiors Inferiors

Author:Walter Lang

“Being made in the image of God, man was the crown of creation.”

Men Made Creation Crowns God Image

Author:Walter Lang

“But, when Scripture makes a clear distinction between the act of creation and the process of preservation, we cannot accept the idea of a progressive creation process.”

Ideas Process Accepting Clear Creation Scripture Distinction Progressive Preservation

Author:Walter Lang