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.

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• Arthur Laffer:

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

• Arthur Laffer:

  It has always amazed me how tax cuts don't work until they take effect. Mr. Obama's experience with

• Arthur Laffer:

  Let me just try to give you sort of the intuitive one here on the stimulus funds. If you have a two

• Arthur Laffer:

  Government spending is taxation. When you look at this, I've never heard of a poor person spending

• Arthur Laffer:

  What I'm not saying is that all government spending is bad. It's not - far, far from it, but there

• Arthur Laffer:

  The income effects in an economy always sum to zero.

• Arthur Laffer:

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

• Arthur Laffer:

  We are having the single worst recovery the U.S. has had since the Great Depression. I don't care h

• Arthur Laffer:

  And you can't have a prosperous economy when the government is way overspending, raising tax rates,

• Arthur Laffer:

  I think the inflation prospects for the U.S. over the next five or six, seven years, are quite seri