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Authors:

Arthur Laffer quotes about government

American Economist August 14, 1940

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Quotes

Arthur Laffer quote: "People can also change the timing of when they earn and..."
People can also change the timing of when they earn and receive their income in response to government policies. Arthur Laffer
What I'm not saying is that all government spending is bad. It's not - far, far from it, but there is no free lunch, as a former colleague of mine used to say. There is no public tooth fairy. Father Christmas does not work on the Treasury staff this year. You can never bail someone out of trouble without putting someone else into trouble. Arthur Laffer
People can change the volume, the location and the composition of their income, and they can do so in response to changes in government policies. 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. Arthur Laffer
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. Arthur Laffer
I mean, everyone agrees with stress tests for banks. I mean that's clear. But banks should do that on their own. And they should worry about their own capital functioning. That's what they should do. It shouldn't be a government function. Arthur Laffer

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