Arthur Laffer Professions : Economist Born : August 14, 1940 Browse All Authors Top 36 quotes by Arthur Laffer 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 income growth zero Let's take the nine states that have no income tax and compare them with the nine states with the highest income tax rates in the nation. If you look at the economic metrics over the last decade for both groups, the zero-income-tax-rate states outperform the highest-income-tax-rate states by a fairly sizable amount. Arthur Laffer income groups zero 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 west-coast recovery east 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 government running thinking Sound money is the sine qua non of a prosperous society. Arthur Laffer prosperous sound Because tax cuts create an incentive to increase output, employment, and production, they also help balance the budget by reducing means-tested government expenditures. A faster-growing economy means lower unemployment and higher incomes, resulting in reduced unemployment benefits and other social welfare programs. Arthur Laffer help unemployment balance government Which would you rather have, capital lined up on your borders, trying to get into your country or trying to get out of your country? We are the capital magnet of this planet and we are the savior for not only people, for not only freedom, but also for capital. Arthur Laffer you freedom country people In 1994, Estonia became the first European country to adopt a flat tax, and its 26 percent flat tax dramatically energized what had been a faltering economy. Before adopting the flat tax, the Estonian economy was literally shrinking. In the eight years after 1994, Estonia experienced real economic growth - averaging 5.2 percent per year. Arthur Laffer economic-growth growth real country 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 bad being think country And let the Fed sell bonds to bring bank reserves back down to required reserve levels, so we have restraint on bank lending and bank issuances of liability. Arthur Laffer bring bank down back I've been truly blessed. I've been a fly on the wall of history. I've been just so many lucky places just by chance and serendipity, and obviously a huge portion of that serendipity had to do with my relationship with the real president, Ronald Reagan. Arthur Laffer fly blessed relationship history The Laffer Curve, by the way, was not invented by me. Arthur Laffer curve invented me way The minimum wage is the black teenage unemployment act. It is the guaranteed way of holding the poor, the minorities and the disenfranchised out of the mainstream is if you price their original services too high. Arthur Laffer you black poor way What we're talking about is the price of goods, all goods, in terms of money. That has nothing to do with unemployment, except for the fact that you get fewer goods. And when you have more money and fewer goods, the amount of dollars per good goes up. It goes up because there are fewer goods and it goes up because there is more money. Arthur Laffer nothing good you money People can change the volume, the location and the composition of their income, and they can do so in response to changes in government policies. Arthur Laffer changes government change people The truth of the matter of is that stimulus money not only doesn't stimulate; it actually reduces output. Arthur Laffer only money truth matter Similar Authors Bryan Caplan economist Burton Malkiel economist Bruno Frey economist Brian Wesbury economist Branko Milanovic economist Andrew Samwick economist All Authors