Dr Art Laffer: Economy Stuck In 'Secular Decline' & No Signs Of Reversal Anytime Soon

If we care about the future of the economy, then we have to pay close attention to the policies that shape it.

We are currently living in an age of extreme -- and in certain cases, unprecedented -- levels of monetary and fiscal policy.

Is that wise? Or should market forces be allowed to play out more & free us from the constant intervention of the central planners?

To explore this, we welcome economist Dr Arthur Laffer. Dr Laffer was the first to hold the title of Chief Economist at the Office of Management and Budget in the early 1970s. He then later served as a member of President Reagan's Economic Policy Advisory Board. He's perhaps best known for developing the Laffer curve, a model for determining the optimal balance between tax revenues and economic growth.
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There’s no doubt that it's a very challenging time right now for the average investor. Above and beyond the recent economic impacts of COVID, the new era of record low interest rates, runaway US debt and US deficits, and trillions of dollars in monetary and fiscal stimulus stimulus has changed the rules of investing by dangerously distorting the Dow index, the S&P 500, and nearly all other asset prices. Can prices keep rising, or is there a painful reckoning ahead?

Let us help you prepare your portfolio just in case the future brings one or more of the following: inflation, deflation, a bull market, a bear market, a market correction, a stock market crash, a real estate bubble, a real estate crash, an economic boom, a recession, a depression, or another global financial crisis.

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#economy #tax #money
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IMPORTANT NOTE: The information and opinions offered in this video by Wealthion or its interview guests are for educational purposes ONLY and should NOT be construed as personal financial advice. We strongly recommend that any potential decisions and actions you may take in your investment portfolio be conducted under the guidance and supervision of a quality professional financial advisor in good standing with the securities industry. When it comes to investing, past performance is no guarantee of future results. Any historical returns, expected returns, or probability projections may not reflect actual future performance. All investments involve risk and may result in partial or total loss.

[nothingnew....]

Art Laffer is off the chain. It's so beautiful to see a person who actually understands how money works unencumbered by the fetters of politics, articulating their opinion. The only thing that's missing in the whole conversation is the fact that manipulation and cronyism, on both sides of the aisle, is the most common way that politicians enact their policies and of course, those activities can't see the light of day. But otherwise, a complete utter tour de force Interview.

[billstl]

Have this guy on once a week until he everyone hears what he is saying! Best hour I’ve spent in a long time.

[elainethompson]

I have loved Art Laffer for years. He was my hero then and even more so today. Thank you Adam for giving him a forum to shout the truth about why we are living in the world that we are.

[JJS]

Adam, it doesn’t get better. Keep the great guests coming. It’s like earning an economics degree when watching your interviews. We all appreciate it, I’m sure of it.

[donnathorwaldson]

Best interview ever! Art Laffer makes total sense. He needs to be a weekly guest! If only our politicians would listen. Our system has got to change!

[kerihubbard]

Love his energy… he leaves no question about what he believes! Agree with him - or not - his energy and conviction commands respect!

[mdo]

Listening to Art for the last 20 years…always a pleasure to hear from

[Ahmed-bjgu]

Dr. Laffer is absolutely awesome. Fabulous style of delivery.
Priceless learning..

[keithcorbin]

You did great, Adam. Art Laffer is a handful for a host. Politicians should listen to Art.

[atenkates]

One of my favorites interviews this year. This was a tour de force

[robertbender]

The best most informative guest to date. His economic history and analysis is spot on.

[alaskaseriesinflatableboat]

I've been fallowing Dr. Laffer since the Reagan years. This is one of the best Dr. Laffer interview ever!

[rabmsn]

I've watched just about every Wealthion video in the last 20 months. As an accounting/technology geek that graduated with an economics degree from Wharton in the 60's, this one was the absolute BEST! Everyone, anywhere that is worried about our future needs to watch and learn from it. Thank you again Adam!

[atudent]

Thank you, Adam Taggart. It is amazing that you were able to bring the famous Dr. Art Laffer to your channel.

[bdwolf]

Wow! Fantastic guest. A year’s worth of education packed into a single hour. A home run.

[kevinobrien]

He is about the same age as President Biden - what an amazing difference in energy and mental capacity.

[RI]

This was definitely one of the best guests you've had on the program! I'd love to hear more from Laffer, in particular to expand on the medical monopoly that now represents an absurd 20% of GDP. It was notable he touched on the Healthcare industry industry first.

[merlingrim]

Art, it's important to hold criminals accountable ... especially when they occupy the seats of power within government, and use that power to defraud, and victimize those who they swore an oath to serve. So, while I agree that we need to eliminate the root cause, and incentives for corruption, we need to investigate and prosecute so that we ferret out ALL of the other individuals that were in cahoots with the ones we already know about. We all know now from first hand experience what happens when you let menacing criminals get away with their crimes ... they do it again ... and again ... and again ... and we end up paying for it over and over and over. It's much better to put them into submission so we stop being victimized.

[standinginthegap]

I just want you to know that this is one of the best financial shows around. I have learned so much. Thank you for this much needed financial education.

[daminc]

This guy deserves more limelight on YouTube 🎉