Arthur Laffer
1940
5
Quotes
Biography
Arthur Laffer is an American economist known for the Laffer curve, which suggests that there is an optimal tax rate that maximizes government revenue. He gained prominence in the field of economics for his work on supply-side economics and advocating for lower tax rates. Laffer served as a member of President Ronald Reagan's Economic Policy Advisory Board and has been a consultant to various governments and corporations.
Famous Quotes (5)
1
People do respond to incentives, although not necessarily in ways that are predictable.
2
At the end of the day, the economic system isn't about numbers, it's about people.
3
In economics, the majority is always wrong.
4
The more you pay, the less you get; the less you pay, the more you get.
5
Taxes are costs of production, and when the cost of production goes up, the economy goes down.