In the 1970s, the more Congress spent, the higher unemploym… - Arthur Laffer

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In the 1970s, the more Congress spent, the higher unemployment rose, and it was not until government spending and taxes were cut in the early 1980s that unemployment started its long-term decline.

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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Henry Hazlitt Milton Friedman Robert Kuttner David Cay Johnston Peter Schiff

Additional quotes by Arthur Laffer

Don’t confuse fiscal discipline with party label. All those parties are all fiscally unsound. I mean, every Republican wants to spend more. Every Democrat wants to spend more. It is not their money… They’re spending your money and my money.

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

And you can’t have a prosperous economy when the government is way overspending, raising tax rates, printing too much money, over regulating and restricting free trade. It just can’t be done.

In the 1970s, the more Congress spent, the higher unemployment rose, and it was not until government spending and taxes were cut in the early 1980s t… - Arthur Laffer

About Arthur Laffer

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