Dr Art Laffer: 'I'm Very Concerned' About The US & Global Economy (But There's Hope...)

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.

Dr Laffer sees the major nations of the world declining into a sclerotic senescence. BUT...he sees a way for us to reverse that plight, on a timeline that could be much faster than many imagine is possible.

The key question is: Will we have the conviction, courage and commitment to embrace the necessary reforms?

For an important discussion with a respected economic advisor to nearly every President since Nixon, watch this video with Dr Art Laffer.

#taxes #internationaltrade #economics
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[CarolynShort]

Please bring Dr Laffer back for a discussion on Property Taxes (request from Calif.). Such a wealth of historical information - what a jewel! Thank you for sharing.

[Dowspirit]

Laffer is the GOLD standard. Love that you had him on!

[michealrealtor]

They raise interest rates, but then continue their obscene overspending and money printing. Such a mess

[popsmcgee]

I'd definitely love to see an interview with him regarding property taxes!

[mareecrick]

Australian accountant here specialising in taxation 25 years. Guest is 100% correct. Whose money can you keep if not your own? You cannot tax your way to prosperity. All you end up with is non compliance by everyone. Taxation is not a solution to wealth inequity.

Australia just introduced a tax on non realised gains for some high wealth individuals. This will work both ways. These taxpayers will now 40:05 be indefied by the gvt if the market crashes...

[carlherold]

The whole talk about "reverse" market crash (real estate and stock market) basically argues that we are nowhere near done with inflation and that we might actually experience "hyperinflation" in the near future combined with accelerating poverty levels across the nation or going thru a historical economic depression...those are the extreme conditions that have produced the reverse market crashes in most examples I've seen. I personally don't see anything that extreme coming, but who knows.

[dt-jyig]

The author of trickle down economics still around. Wonder how many of your listeners remember this guy when he advised Reagan and supported the idea that “deficits don’t matter “ FYI that’s where it all started in the US. He’s always favored business profits over all else. He’s equated business profitability with a strong economy as if one were the same as the other. They’re not

[michaeljacobs]

Say what you will if you agree with his stances on economic policy (personally I agree with most but not all), but Laffer is a pleasure to listen to, and his optimism and energy just lighted up my day (and he is just a damn good entertainer). These are the breed of man that we need at the Fed and in Congress.

[plast]

@ 34 minutes -- Laffer's call for medical quality and pricing transparency is HUGE. If that were done, imagine how quickly healthcare would improve and healthcare inflation would fall! It is outrageous that providers commonly charge 10x more to uninsured than the price for in-network insured patients.

[PeterGualtieri]

In light of the current economic trends indicating a potential downturn in the stock market and an impending recession, coupled with falling inflation rates, investors are advised to consider diversifying their portfolios. Exploring alternative assets such as gold and crypto trading would be a strategic move to hedge against the expected market volatility and inflationary pressures. This approach is crucial in navigating the complex financial landscape shaped by fluctuating Federal Reserve policies and the broader economic this the insights of a knowledgeable guide like Kerrie Farrell can be crucial. Her expertise in navigating the nuances of cryptocurrency investments has been the key to understanding and making the most of these emerging financial trends...managed to grow a nest egg of around 4 b, tc to a decent 21 b, tc in the space of a few months...

[philipdamask]

Mr. Laffer needs to expand his analysis to understand where an economy is developing its wealth. The US looked good but we stopped producing pharmaceuticals. We also became very dependent on China for manufactured products. Art's economics is a 30, 000 foot view of the country, but what is going on underneath at the granular level is also important.

[akumacode]

I learned about the Laffer curve in school, and now here he is. On your show 🤯

[phillipsimonsen]

I would appreciate the opportunity to hear Dr. Laffer talk about property taxes. He understands economics and expresses himself very well. This interview is very much appreciated.

[jamesbutler]

Yes, please bring the Laffer back. Property taxes are a great topic

[kruggiero]

Absolutely wonderful! I would definitely choose you as emperor! 😊 Please come back soon!

[dereksmith]

I friggin love this guy. Simple. Makes sense. Makes everyone unhappy. Means it's good

[magnusohlund]

Really love this Man. He is spot on, and he knows the history!!

[somethingsomethingsomethingdar]

I love how every time that there is any issue in the economy, business people start talking about the SAME solutions every time. Democrat or republican. De-regulation, open trade, free trade.

Do NOT buy the BS. Ever since these “let business do business” pundits have gotten their way, what has happened? Jobs exported to other countries, GOOD regulations(those there to protect people) removed while bad regulations (those that allow businesses to fuck you over) are retained or added.

This guy lost me the moment he said Regan. Regan did more to hurt the US economy than any president in history. The STOCK market benefited, the regular American suffered. Slowly but surely they killed the middle class.

[jameshearttech]

I'm always interested in listening to Dr. Laffer. His views on taxes and economics makes a lot of sense to me.

[benjamincawood]

Please bring him back, his input is refreshingly apolitical and he has a reason for what he says.