Art Laffer: Inflation can't stay at this level

Former Reagan economic adviser weighs in on easing inflation on 'Kudlow.' #FoxBusiness #Kudlow

FOX Business Network (FBN) is a financial news channel delivering real-time information across all platforms that impact both Main Street and Wall Street. Headquartered in New York — the business capital of the world — FBN launched in October 2007 and is one of the leading business networks on television, having topped CNBC in Business Day viewers for the second consecutive year in 2018. The network is available in nearly 80 million homes in all markets across the United States. Owned by FOX Corporation, FBN is a unit of FOX News Media and has bureaus in Chicago, Los Angeles, and Washington, D.C.

[finknewsfalseprophit]

They weren't kidding when they said that they wanted everyone to own nothing and be happy. Not sure how they'll achieve the be happy part, but the owning nothing seems to be well on its way to occuring.

When they were able to take away pipe worker, construction worker, and chemical engineering jobs at the signing of a pen with the keystone pipeline, I knew we were in trouble.

[BMod]

Ask the Weimar Republic, Zimbabwe and Venezuela. Inflation can always go higher.

[mikegeorge]

Inflation won't stay at this level. With Big Brother at the helm, it will go way higher.

[thelastminmom]

We should feel sorry for Powell. We should feel sorry for America. We are the ones who are suffering through all these poor poor decisions

[arthurbrumagem]

Jimmy Carter is breathing a sigh of relief- he is no longer the worst president ever

[juliusowen]

The government has to come up with a plan to tackle this inflation.
People are already suffering under normal circumstances not to talk of when the cost of living is beginning to double in price!

[seetheforest]

I don't think the economists understand the meaning of the words "annual" or "percentage".
15% isn't even close and they keep saying 7 or 8%.
Inflation is going to be about 50% this year. Many things are up 25 to 45% already and we have 7 months to go.

[dudleydeplorable]

Everything seems to be inflating at record pace. Everything, except my lower unit...

[hughgrection]

Last year I predicted to my socialist, head up your rear end friends, that inflation would be 10% by this coming June. It will be 15% by September and 20% by the following June. Why will I be right...because I was around during the last inflationary session and history repeats itself.

[hsingholee]

Reduce money supply, reduce fiscal spending. You don't need to have an economic degree to figure this out. I'm just baffled by what the fed and this administration do.

[chriswilliams]

Hopefully, he's right. If the inflation goes past this, I may just lose my mind. My portfolio is down by approximately 20% and there's no hope in sight. Any recommendations on how to scale up my returns before selling off to draw even/taking a different approach will be highly appreciated as I am losing my mind.

[midwestcharm]

When I look at Art Laffer, I always remember when Peter Schifff schooled him about the 2008 recession. He said Peter was wrong. Well, Peter was right, so it's hard for me to take Laffer serious

[BlueTruckingCity]

The fed controls the money supply. Inflation is the expansion of the money supply. If there is run away inflation then the fed is making more money than can be absorbed by trade. So this is 100% on the fed. Their job is to watch the economy, watch global trade and make sure the money supply stays within a safe range. To contract the money supply sure the fed needs to raise interest rates but they all forget the economy today is built on rates lower than 1% on all forms of lending. The government needs to spend money into the economy as well. This is a huge mess that is forcing families to the edge not by choice. And J powell keeps his job...

[davidgoodnow]

Powell understands that the one thing we *_absolutely will not have_* is *stable supply.* Powell can _say_ he can control _demand, _ but he *cannot* do that when *supply is about to fall, * and by an _inestimable_ amount!

[gatescompton]

I received an economic degree in 1975, and I’ve worried about these for 20years, because interest rates can not stay low for a long time w/o inflation. Simple economics!🇺🇸🤠

[steveg]

This guy has been disproven...for 30 years

[legobobafett]

"There's Only one thing to do with Politic's, and that is to survive it!"
-Andrew Joseph Galambos

[timdoe]

Yellen is responsible for this inflation. She said it was transitory. NOT
She should admit it and stop the blame game.

[maynunal]

1. candidates for congress should only be allowed 2 elections after winning
2. candidates for senate should only be allowed 2 elections after winning
3. candidates for president should only be allowed 2 elections after winning :-)

[markothwriter]

"Inflation won't stay at this level. It will get much worse under Joe Biden's tax, spend, and spend policies." --- economist