Arthur Laffer: Broken System Is Making Us All Poorer

Economist Arthur Laffer, Founder and Chairman of Laffer Associates and former member of Ronald Reagan's Economic Policy Advisory Board, discusses the implications of the debt ceiling on the U.S. deficit, income inequality, and what the government should do to build a prosperous economy.

*This video was recorded on June 6, 2023

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*This video is not financial advice. The channel is not responsible for the performance of sponsors and affiliates.

0:00 - Intro
1:24 - Economic Armageddon
2:50 - Problems with the budget
8:15 - Wealth redistribution
9:26 - Budgeting priorities
12:56 - Tax rates
17:11 - Income inequality
24:30 - Poverty Trap
30:00 - Laffer Curve
32:17 - AI and prosperity
34:22 - How to create prosperity
36:19 - Exports and imports
41:22 - Decline of U.S. Empire
44:50 - Causes of inflation
48:11 - Sound money
52:00 - CBDC
53:55 - Arthur Laffer's work

#wealth #debtceiling #economics

[TheDavidLinReport]

What, in your opinion, is the solution to creating long-term prosperity in an economy? I had a great time discussing economic principles with the distinguished Arthur Laffer. Make sure to comment below, subscribe, and follow Dr. Laffer's work:

[PaulbylPaulbyl]

This guy's lucid thinking is better than all the hundreds of 30 year olds and younger I know. At age 83 just freaking incredible!

[brianm]

one of the best interviews yet. love that you let him run with his thoughts... Mr. Laffer is a smart cookie

[jaredcantlon]

Dr. Laffer is a proper hero for me. Thanks David for bringing him on!

[Anthony-mhoj]

David. I enjoyed your guest today very much. When he mentioned Bitcoin I was more than happy. A learned man of his age with such clear thinking is a breath of fresh air. Thanks David and Dr. Laffer.

[ArnoldSommerfeld]

Mr. Lin, kudos on an excellent interview.
Laffer is top notch.

[humzilla]

This guy is legit. Got more energy and brain power than people half his age.

[codyleekelly]

How good would it be if governments even did half of what Aurther mentions. Being a small business owner everything he says makes sense. One of the best interviews for David Lin, thank you.

[CohnmanTheBudbarian]

Need more great minds like Arthur in govt instead of these evil clowns we have atm.
Great questions David.

[matthennagersguitarlessons]

David, this is my favorite interview you've done!

[medardoortiz]

What a guy, very knowledgeable and has some interesting talking points. Would like to see him back!

[sabrinawinchester]

Everyone should see this.
David, you are just awsome!
Thank you, Mr. Laffer.

[nicholasmiller]

Most enjoyable, enlightening interview I’ve seen in awhile. This guy is brilliant. Common sense

[agongjonbalaj]

This guy is amazing! Great job David Lin for having him as a guest.

[Nolsie]

This man encapsulates my politics that I have been explaining for years. Wonderful guest.

[garyjustin]

Get rid of the crooks first. Then rebuild.

[sunshineretired]

Thank you David, Arthur was by far the best person you have had on this show.

[markwilliams]

Congratulations David, brilliant interview, and to you Mr Laffer thank you for your time and wise words Sir . Many thanks 🙏 and best wishes from Downunder 👍🙏☮️🇦🇺

[hasenafarms]

“We’re the tallest midget”. Made me chuckle.

[neilforeman]

Capitalism vs socialism, decentralization vs centralization, no tape vs red tape, flat tax vs graduated tax, productivity vs welfare, free trade vs sanctions. Love this guy. Book him again.