Phrase by 'Arthur Laffer'

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With the shrinking of the US economy, and it's shrinking very rapidly, you not only have more money, but you also have fewer goods. That's a classic double-whammy on inflation.

Author: Arthur Laffer - American Economist
  You , Money , Us , Classic


What we're talking about is the price of goods, all goods, in terms of money. That has nothing to do with unemployment, except for the fact that you get fewer goods. And when you have more money and fewer goods, the amount of dollars per good goes up. It goes up because there are fewer goods and it goes up because there is more money.

Author: Arthur Laffer - American Economist
  You , Nothing , Money , Good


People can also change the timing of when they earn and receive their income in response to government policies.

Author: Arthur Laffer - American Economist
  People , Change , Government , Timing


It has always amazed me how tax cuts don't work until they take effect. Mr. Obama's experience with deferred tax rate increases will be the reverse. The economy will collapse in 2011.

Author: Arthur Laffer - American Economist
  Me , Always , Work , Experience


Let me just try to give you sort of the intuitive one here on the stimulus funds. If you have a two-person economy - let's imagine we have two farms, and that's the whole world, just two farms. If one of those farmers gets unemployment benefits, who do you think pays for him? Am I going way over your heads today?

Author: Arthur Laffer - American Economist
  You , Me , World , Today


The income effects in an economy always sum to zero.

Author: Arthur Laffer - American Economist
  Always , Economy , Zero , Income


The truth of the matter of is that stimulus money not only doesn't stimulate; it actually reduces output.

Author: Arthur Laffer - American Economist
  Money , Only , Truth , Matter


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