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Arthur Laffer Quotes: The income effects in an economy always sum to zero.
         

The income effects in an economy always sum to zero.


Arthur Laffer
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Other quotes of Arthur Laffer


Government spending is taxation. When you look at this, I've never heard of a poor person spending himself into prosperity; let alone I've never heard of a poor person taxing himself into prosperity.

Government spending is taxation. When you look at this, I've never heard of a poor person spending himself into prosperity; let alone I've never heard of a poor person taxing himself into prosperity.



And just remember, every dollar we spend on outsourcing is spent on U.S. goods or invested back in the U.S. market. That's accounting.

And just remember, every dollar we spend on outsourcing is spent on U.S. goods or invested back in the U.S. market. That's accounting.



It is not true that Congress spends money like a drunken sailor. Drunken sailors spend their own money. Congress spends our money.

It is not true that Congress spends money like a drunken sailor. Drunken sailors spend their own money. Congress spends our money.



The tax rate increases reduce economic growth; they shrink the pie; they cause more poverty, more despair, more unemployment, which are all things government is trying to alleviate with spending.

The tax rate increases reduce economic growth; they shrink the pie; they cause more poverty, more despair, more unemployment, which are all things government is trying to alleviate with spending.



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.

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.



People can also change the timing of when they earn and receive their income in response to government policies.

People can also change the timing of when they earn and receive their income in response to government policies.



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.

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.



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.

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.



You want to prove that Milton Friedman is a fascist? It's easy. Quote him.

You want to prove that Milton Friedman is a fascist? It's easy. Quote him.



With the shrinking of the US economy, and it's shrinking very rapidly, you not only have more money, but you also have fewer goods. That's a classic double-whammy on inflation.

With the shrinking of the US economy, and it's shrinking very rapidly, you not only have more money, but you also have fewer goods. That's a classic double-whammy on inflation.





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The Djojobojo Prophecy doesn't just tell you WHAT happened and WHERE it happened...it tells you WHY it happened!

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I had a moment of clarity, saw the feeling in the heart of things, walked out to the garden crying.

I had a moment of clarity, saw the feeling in the heart of things, walked out to the garden crying.



Straight ahead you can't go very far.

Straight ahead you can't go very far.



With Whitesnake it would have been inappropriate for me to have played Deep Purple songs, although I did at the beginning because I didn't have enough Whitesnake songs.

With Whitesnake it would have been inappropriate for me to have played Deep Purple songs, although I did at the beginning because I didn't have enough Whitesnake songs.



What good is truth, at midnight, in the dark, when the wind is roaring like a bear in the chimney?

What good is truth, at midnight, in the dark, when the wind is roaring like a bear in the chimney?



When human statecraft attaches a chain to the feet of a free man, whom it makes a slave in contempt of nature and citizenship, eternal justice rivets the other end about the tyrant's neck.

When human statecraft attaches a chain to the feet of a free man, whom it makes a slave in contempt of nature and citizenship, eternal justice rivets the other end about the tyrant's neck.



It's funny to be pigeonholed so late in life but there we are.

It's funny to be pigeonholed so late in life but there we are.



No one can resist the idea of a crippled genius.

No one can resist the idea of a crippled genius.



Name one thing in this world that is not negotiable.

Name one thing in this world that is not negotiable.



I always loved writing as a tool of expression.

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Quote Description


This page presents the quote "The income effects in an economy always sum to zero.". Author of this quote is Arthur Laffer. This quote is about income, effects, zero, economy,.