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.
Arthur Laffer Quotes
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.
Similar Quotes
Cricket is the greatest game that the wit of man has yet devised.
- Sir Pelham WarnerAdvertising is selling Twinkies to adults.
- Donald R. VanceThe struggle of the male to learn to listen to and respect his own intuitive, inner prompt...
- Herb GoldbergEach generation of the church in each setting has the responsibility of communicating the ...
- Francis SchaefferEach had defended his own country; the Germans Germany, the Frenchmen France; they had don...
- Ernst TollerComments on: "Arthur Laffer Quotes: The minimum wage is the black teenage unemployment act. It is the guaranteed..."
| Birth: | 14th August, 1940 |
| Nationality: | American |
| Profession: | Economist, Professor |
About
Arthur Betz Laffer was born in Youngstown, Ohio. He is an American economist who first gained prominence during the Reagan administration as a member of Reagan's Economic Policy Advisory Board. 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. He is the author and co-author of many books and newspaper articles, including Supply Side Economics: Financial Decision-Making for the 80s. Laffer is Policy Co-Chairman of the Free Enterprise Fund. Laffer earned a B.A. in Economics from Yale University and an M.B.A. and a Ph.D. in Economics from Stanford University. He has stated publicly that he voted for President Bill Clinton in 1992 and 1996. Laffer references President Clinton's conservative fiscal policies as cornerstones of his support. Laffer also regularly writes opinion articles in The Wall Street Journal.
Share with your friends