Limited Time Offer
Premium members can get their quote collection automatically imported into their Quotewise collections.
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 t… - Arthur Laffer
" "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.
English
Collect this quote
About Arthur Laffer
Arthur Betz Laffer (born August 14, 1940) is an American economist who first gained prominence during the Reagan administration as a member of Reagan's Economic Policy Advisory Board (1981–89). Laffer is best known for the Laffer curve, an illustration of the theory that there exists some tax rate between 0% and 100% that will result in maximum tax revenue for governments. Laffer is Policy Co-Chairman (with Lawrence "Larry" Kudlow) of the Free Enterprise Fund.
Also Known As
Native Name:
Arthur Betz Laffer
Alternative Names:
Laffer
•
Laffer Associates
•
Arthur B. Laffer
Related quotes. More quotes will automatically load as you scroll down, or you can use the load more buttons.
Additional quotes by Arthur Laffer
As my former colleague Milton Friedman often said, ‘Government spending is taxation.’ Beyond the essential services government provides — such as roads, courts, schools, police and fire services, and the military — government spending doesn’t actually create resources. It just redistributes resources. For every beneficiary of government largesse, there’s someone who pays for that largesse.
Loading...