2214 quotes by economists for you to enjoy

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. Arthur Laffer

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

First Country Year Before Dramatically Per Percent Adopt Adopting Economic Economic Growth Had Economy Became Real Been Years Eight Tax Experienced Literally After Flat Flat Tax Estonia European Shrinking Growth

When you look at the world, everyone in the world who cares about his or her family wants to have a major portion of their assets in the United States because we are the growth country and the freedom loving country. Arthur Laffer

Freedom Family You World Country Cares Everyone States About Major Look Because His Wants Loving Who Who Cares United United States Assets Her Growth Portion

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

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

It has always amazed me how tax cuts don't work until they take effect. Mr. Obama's experience with deferred tax rate increases will be the reverse. The economy will collapse in 2011. Arthur Laffer

The truth of the matter of is that stimulus money not only doesn't stimulate; it actually reduces output. Arthur Laffer

Truth Money Matter Only Output Stimulate Stimulus Actually

I think the inflation prospects for the U.S. over the next five or six, seven years, are quite serious. You cannot have a bumper crop in apples without the value or the price of each apple falling. The Fed has had the largest increase in the monetary base in the history of the U.S., from colonial times to the present, times ten. Arthur Laffer

History You Inflation Value Think Increase Seven Crop Ten Colonial Fed Price Had Over Prospects Without Falling Years Bumper Five Times Quite Six The History Of Cannot Next Each Serious Base Monetary Apple Largest Apples Present

My godfather was a man named Justin Dart. Some of you may remember Justin Dart. My younger son's name is Justin, named after Justin Dart. I was executor of his estate, and he was my godfather. I first really got time to spend with Ronald Reagan with Justin Dart personally, one-on-one. Arthur Laffer

Time You Man Son Remember First Spend One-On-One Some Dart He Name Named Got Reagan His Godfather May Estate After Ronald Reagan Justin Personally Younger Really

Over the past 100 years, there have been three major periods of tax-rate cuts in the U.S.: the Harding-Coolidge cuts of the mid-1920s; the Kennedy cuts of the mid-1960s; and the Reagan cuts of the early 1980s. Each of these periods of tax cuts was remarkably successful as measured by virtually any public policy metric. Arthur Laffer

Three Past Virtually Remarkably Over Major Periods Policy Reagan Been Years Metric Any Tax Tax Cuts Public Cuts Successful Measured Public Policy Each Kennedy Early

I used the so-called Laffer Curve all the time in my classes and with anyone else who would listen to me to illustrate the trade-off between tax rates and tax revenues. Arthur Laffer

California is the highest-tax state in the nation and has been for a long time. It has the highest-paid teachers in the nation, by far - $400 a month more than New Jersey - and yet California is the third lowest state on test scores for fourth and eighth grade English and math in the nation, and has been at the low level for a long, long time. Arthur Laffer

Time Long Long Time Nation State Month Has-Been More New California New Jersey Test Test Scores Been Math Scores Than Grade Eighth Eighth Grade Low Far Lowest Teachers English Jersey Level Fourth Third

The states that have large in-migrations of Hispanics are Florida, Texas and California. And Florida and Texas are way above average in educational achievement, while California's the lowest, just about. Arthur Laffer

Achievement Way States About Above California Educational Hispanics Texas Just While Average Lowest Large Florida

The linkage between tax rates and public services is, if not non-existent, negative. Arthur Laffer

Negative Rates Between Non-Existent Tax Tax Rates Public Services

What you do by having an income tax rate reduction across the board, you really provide great incentives for people to work, produce, and increase output. So I would support a carbon tax in replacement for a progressive income tax. Arthur Laffer

Work Great You People Increase Progressive Would Rate Having Output Support Reduction Provide Replacement Tax Tax Rate Board Produce Really Across Incentives Income Income Tax Carbon

I'm worried about economic growth in the United States. And the creation of jobs, output, and employment. And if you tax people who work, you're going to get less people working. And what the carbon tax would do is remove the tax from people who work and put it on a product in the ground. Arthur Laffer

Work You People Remove Creation Worried States Jobs Would About Economic Output Economic Growth Put Employment Get Going Tax Working Product Ground Less Who United United States Carbon Growth

Taxes are not trivial - they're a huge portion of this overall economy. And that's why I focused on them. Arthur Laffer

Focused Trivial Overall Economy Huge Them Taxes Why Portion

Quotes by Economists