Dr Art Laffer: "I'm Very Concerned" About The US & Global Economy (But There's Hope...)
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- Опубликовано: 17 май 2024
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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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BTW this was the most uplifting you tube I've watched in 4 years.
Adam,
1. It’s not about getting all your questions in.
2. It’s about letting the great Arthur Laffer talk without petty interruptions.
3. You were almost rude.
4. And your condescending reactions to Dr. Laffer’s great points evince you’re a Leftist-leaning economist.
Adam if your Guest thinks. China is NOT doing well. Why does Janet Yellen goes to China to blame them for overcapacity. ??? and Russian economy this year has preforming better than EU economy. From where your Guest gets his wrong information ???
Right or wrong your Gest people. can make mistakes But about your program Always Brilliant always Like thumbs up. 👍👍👍
What about India. Indias immigrants crushing it here in NJ and it’s employment population
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.
yeah would also like to hear what he has to say. Even though i have a lot of things i disagree with, i think hes really interesting.
People in California love their Prop 13 rates. People who have been in their house for 25 years could pay 5x less than their neighbor who just purchased. What is a surprise is that the 25 year old Prop 13 grandfather rate is still higher than a new house in another tax friendly state!
Absolutely! 👍
Problem is you have a George Soros mentality. That wants to take down the West
Yes please
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.
And that would be a terrible situation that no one should root for.
It will happen if we stop QT and lower interest rates. we have printed more money than inflation so there is room for things to continue inflating. we need to reduce the money supply and the only way to do that is deflation.
With rates climbing like never before in ’23 coupled with uncontrollable inflation, and our own mortgage at now 7.5% what are the best alternatives/strategies for avoiding a crunch and maximize my $600k savings other than moving in to an RV with my two kids and husband.
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This is quite huge ! much more info needed please, what did you invest in?
They raise interest rates, but then continue their obscene overspending and money printing. Such a mess
They stopped printing money when they started hiking interest rates. That's the literal meaning of quantitative tightening.
yes, my point being why go through this process if you will continue overspending and devaluing the dollar either way. It’s a mess, we wouldn’t be in this spot if our government could run a budget. On a personal note I've worked closely with my advisor to grow my portfolio from $200k to $4.8 million through stock trading because as a business woman, I prefer to invest my money rather than let it sit idle and lose value over time due to inflation.
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@@eabhaconnor2 I think The US government needs to get US out of all these senseless wars, & extract their fair share from billionaires, & Corporations. Then we could shore up Social Security, provide an education, & healthcare, AND begin to pay down the national debt. But this will never happen as long as Americans keep voting for 1 of the 2 Corporate Parties.
I'd definitely love to see an interview with him regarding property taxes!
Pops it’s a total different animal. Property taxes are based on the greed of local governments. Counties in the various states don’t print money and need money to grow their bloated system. Salaries and retirements get first money, if there’s any left the balance goes to buildings,supplies, roads and schools. The answer is to cross party lines vote for politicians promoting reduced expenses, efficiency and less payroll overhead. Basically counties operating like a private business.
Laffer is the GOLD standard. Love that you had him on!
@ 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.
Yes! No more hiding behind thinly veiled scams
Yup transparency right after hospitals can deny service to those that don’t have coverage instead of having to serve them and then eat the cost of whatever they in the ER 100k bill? Sorry no speak English buy, healthcare is expensive because the next guideline he has coverage has to pay for both of them
I support the price transparency, but a lot of the price discrepancy comes from having to make up losses from gov payers and people who don't pay. Restaurants are very competitive, but there's no law requiring them to tell you the price upfront. The gov also limits the number of hospitals and the number of doctors, keeping prices up.
Keep in mind that most providers are simply employees that have nothing to do with the financial aspect of healthcare.
Since Obama care, we can’t even go to the doctor. We pay premiums for healthcare that pays almost nothing. We’re supposed to pay both ways? Who came up with this? Is this a savings club?
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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.
Yes, please bring the Laffer back. Property taxes are a great topic
I learned about the Laffer curve in school, and now here he is. On your show 🤯
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
Exactly. As if workers should just keep working in poverty so the GDP is high. The rich should have to pay at the same tax rates as everyone else. Additionally, research proves a people with less income inequality are happier and healthier even if they have a little less on the total GDP. Inequality literally raises stress hormones that cause physical conditions and untimely death.
The cognitive dissonance it takes for him to make some of these statements is staggering.
Honestly, a tax free zone in the inner cities?? Imagine the absolute swarm of corruption and racketeering that would descend on these people. I know that’s not necessarily different than the current situation but these are peoples lives he’s taking about and he seems so disconnected.
Yes, I have to say, this guy misses out so many important points. And I think that is why Adam took some quite sizable in breaths during the interview!
“Send each other birthday cards”. Send the Ayatollah a birthday card. I’m sure he’ll be converted. Is this why obiden keeps giving Iran billions? Has that worked?
@@standinginthegap7118 I voted for Ron Paul in '08 and '12. RP wanted to abolish the federal income tax. I recall paying $12k in taxes before and after my check on a $42k salary in the late 1990s. I don't believe I would have qualified as rich. If are not voting for anyone to abolish most taxes and cut government, you are the problem. Yeah, I was not too happy being a tax slave for 5 to 6 months out of the year which you voted for.
I wish I had his optimism
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...
Yes, bring him back please.
Please bring Dr. Laffer back!
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.
Please invite Dr Art Laffer back. He has so much great knowledge to share
I friggin love this guy. Simple. Makes sense. Makes everyone unhappy. Means it's good
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.
Yes, bring the doctor back to educate us on properly taxes.
Great episode. Please bring Dr. Laffer back for a discussion on property taxes. Cheers- from the most corrupt county in IL.
Really love this Man. He is spot on, and he knows the history!!
what a gem thanks Adam and Art and of course yes please have him back thanks
This was great! Yes! Bring Dr Laffer back. I'm interested to hear him speak on property taxes, too.
Absolutely want Dr. Laffer back to discuss property taxes.
1. NEVER EVER skip any interview with the great Art Laffer
2. Art should send each viewer a bill for educating them
3. Living in a country with huge welfare/socialist govt policies, Art is 100 % correct - we now have the highest unemployment rate in the world
We need more of Dr. Laffer. He is a gem and a ray of hope on getting the economy right.
I'm always interested in listening to Dr. Laffer. His views on taxes and economics makes a lot of sense to me.
Why cut short this superb guest? He seemed eager to continue and had much more to educate us on... Next time soon, hopefully!
Art Laffer is the best. Have him back early and often!
This has been one of your best interviews, Dr Laffer is certainly a very interesting economist. Bring him back, property tax is a great subject.
Please bring him back, his input is refreshingly apolitical and he has a reason for what he says.
How refreshing to hear that Reagan optimism again. I know Adam's Bay Area audience likely hated this interview but it economic reality is important to lift people out of poverty.
PS, please bring him back soon on the subject he mentioned (property tax)
Keep bringing him back I wish the government would listen to this guy but too many politicians are afraid about losing that money 💰 they are getting right now
Please have Art back to talk about property taxes. I live in NJ; our property taxes are very high.
Hear hear Dr. Laffer! Spot on about " way too much" of all the bad things in the 5 kingdoms. "Too many cooks" syndrome is raging out of control.
Bring him back!! I’d love to hear about property taxes
I absolutely loved this and I’ve shared it on my social media in hopes that those, “Tax The Rich” kids in the back row will listen to it.
Dr. Laffer is a true economist: First assume the "right transformative leader emerges." Then all his good ideas can fall into place. I'm not sure it's that easy.
Dr. Laffer for President. He is a ray of hope.
Bring him back on this channel
Art Laffer is the economic kingstud
Yes, please have dr lafferty back! He speaks with much needed common sence
Brilliant Conversation Adam , yes bring on Dr Art Laffer again , best interview i have heard all year
Dose anyone have a master plan that could rule out income tax again !!!! i do
BRING HIM BACK! BRING HIM BACK! ✊🏽
I continue to be a fan of Dr. Laffer. Please host him on this program often. Thank you.
Yes, please bring Dr. Laffer back!
Because I respect and side with most of what Art believes and pushes, I’d like you to ask him a question about real estate next time. “How is institutional real estate companies, buyers, renters effecting the housing markets for the first time buyer? What common sense policy would make the market better for want to be home buyers….just to live in, not airBNB it. Thx
Dr Laffer offers solutions, hope and common sense.Well done.
Let's have Dr. Laffer on the show on a regular basis !! I love him and Lance Roberts. They are my favs!!!!
You have to love Dr. Laffer, the first voice of optimism I have heard in ages. What a great mind.
Please invite Dr. Laffer back. He is the best!
Laffer must be one of the best economists out.
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.
I had not heard him speak before. This is eye opening
Please bring back Dr. Laffler he knows what he speaks
Yes to a show on property taxes
People in the town I moved to are starting to hate the people moving in and improving the houses because it’s pushing up their tax assessments. They are very poor there and can’t afford for their property taxes to go up.
Laffer on property taxes, YES please.
Would LOVE for Art to return on the property tax debacle. I feel he has the breadth to discuss a topic once a month.
Brilliant economist! People in government should listen to him.
Please bring Dr. Laffer back for the property tax discussion
Of course, we would like to see him back on.He's a man of wisdom.
Please have Dr Laffer back on to talk about property taxes! I would love to hear his thoughts on this topic.
Please get Dr. Laffer back on the subject of property tax.
Bring the good doctor back, he makes a lot of sense
Wow, Adam. Dr. Laffer was a big get to have as a guest.
I enjoy seeing Art fairly regularly on Kudlow, but this longer format is even more of a treat.
Consider me to be a Dr. Laffer groupie. Can we please get him in front of the financial committees in Congress?
No thanks
Me too! 👍
BRING HIM BACK!!!!!! ❤❤❤
Bring him back! He’s amazing!
Brilliant. Art should be your weekly commentary and sideline Lance. So much experience. Have him back soon and frequently.
Please do a property tax show. Dr Art we love you!
Bring Dr Laffer back...
Please have this national treasure on again. I've never heard such an educated individual who gets 100% of the subject. He loved Clinton, Jerry Brown and Trump. Tell me he is partisan.
100 percent bring him back. Art is the best.
please bring Dr Art Laffer back to discuss property taxes
Would be a pleasure to see Dr. Laffer, come back.
We need big government? Hell no!
He is missing pieces!!!😳🙄
Say yes, and get yourself employed by big government for life, receiving fat salaries all the way by doing very little work.
Lol. 🙃🤣
Yes, by all means, bring Dr. Laffer back!
Please bring Dr Laffer back. What an intelligent person!
Without a doubt. I'd love to hear the discussion on property taxes.
Excellent interview. Can’t wait for round 2 with Dr. Laffer!
Awesome guest! Very knowledgeable.
Yes, definitely do the property tax show!
Adam, don’t listen to the naysayers. Every so often it’s good to hear this information. I agree that trade does improve personal and business relationships in the long run.
Yes, please have Art back.
Dr Laffer is a legend. We need Dr Laffer's clarity to correct the insane trajectory of our clown world.
This was my favorite conversation yet, Dr Laffer has a great head on his shoulders
Adam, You can manage any guest with your interview style. You are the best.
Definitely have the Dr. Back
Loved listening to Dr Laffer
Brilliant discussion, thank you for having him on
Please Dr. Laffer come back!
Absolutely wonderful! I would definitely choose you as emperor! 😊 Please come back soon!
Bring him back! Property tax is a cruel way to push people from their homes.
Please invite Dr. Laffer back. He is wonderful
Laffer is blunt. Says it as is. Awesome!!!
would love to hear from Art again, thank you!
One of your best interviews in my opinion. Well done and great guest. Love Laffer
Excellent episode. Possibly my favorite guest you've had thus far, surprisingly entertaining and charismatic man. You wouldn't expect that from an economist! Hopefully we see him as a guest again.
Dr Laffer is my favorite guest. Please bring him back for another interview
Would love to hear from Dr Laffer on property tax.