Whoever heard of a poor man spending himself into wealth? I… - Arthur Laffer

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Whoever heard of a poor man spending himself into wealth? It’s dumb. But we try stimulus spending all of the time.

Arthur Laffer

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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.

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Native Name: Arthur Betz Laffer

Alternative Names: Laffer • Laffer Associates • Arthur B. Laffer

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Originators like Arthur Laffer:

Henry Hazlitt Milton Friedman Robert Kuttner David Cay Johnston Peter Schiff

Additional quotes by Arthur Laffer

I have never heard of an economy being taxed into prosperity.

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.

The notion of a Keynesian spending multiplier is right out of an Aesop fable. And who ever heard of a poor person spending himself into prosperity? No one!

Whoever heard of a poor man spending himself into wealth? It’s dumb. But we try stimulus spending all of the time. - Arthur Laffer

About Arthur Laffer

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