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Top 15 Arthur Laffer Quotes (2025 Update)

Arthur Laffer Quote: “It is not true that Congress spends money like a drunken sailor. Drunken sailors spend their own money. Congress spends our money.”

1. “It is not true that Congress spends money like a drunken sailor. Drunken sailors spend their own money. Congress spends our money.”

— Arthur Laffer

Arthur Laffer Quote: “You want to prove that Milton Friedman is a fascist? It’s easy. Quote him.”

2. “You want to prove that Milton Friedman is a fascist? It’s easy. Quote him.”

— Arthur Laffer

Arthur Laffer Quote: “You know, without China there is no Wal-Mart and without Wal-Mart there is no middle class and lower class prosperity in the United States.”

3. “You know, without China there is no Wal-Mart and without Wal-Mart there is no middle class and lower class prosperity in the United States.”

— Arthur Laffer

Arthur Laffer Quote: “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.”

4. “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

Arthur Laffer Quote: “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.”

5. “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

Arthur Laffer Quote: “The tax rate increases reduce economic growth; they shrink the pie; they cause more poverty, more despair, more unemployment, which are all things government is trying to alleviate with spending.”

6. “The tax rate increases reduce economic growth; they shrink the pie; they cause more poverty, more despair, more unemployment, which are all things government is trying to alleviate with spending.”

— Arthur Laffer

Arthur Laffer Quote: “Sound money is the sine qua non of a prosperous society.”

7. “Sound money is the sine qua non of a prosperous society.”

— Arthur Laffer

Arthur Laffer Quote: “The income effects in an economy always sum to zero.”

8. “The income effects in an economy always sum to zero.”

— Arthur Laffer

Arthur Laffer Quote: “If you like the post office and the Department of Motor Vehicles and you think they’re run well, just wait till you see Medicare, Medicaid and health care done by the government.”

9. “If you like the post office and the Department of Motor Vehicles and you think they’re run well, just wait till you see Medicare, Medicaid and health care done by the government.”

— Arthur Laffer

Arthur Laffer Quote: “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.”

10. “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.”

— Arthur Laffer

Arthur Laffer Quote: “People can also change the timing of when they earn and receive their income in response to government policies.”

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

— Arthur Laffer

Arthur Laffer Quote: “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.”

12. “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.”

— Arthur Laffer

Arthur Laffer Quote: “When you look at the world, everyone in the world who cares about his or her family wants to have a major portion of their assets in the United States because we are the growth country and the freedom loving country.”

13. “When you look at the world, everyone in the world who cares about his or her family wants to have a major portion of their assets in the United States because we are the growth country and the freedom loving country.”

— Arthur Laffer

Arthur Laffer Quote: “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.”

14. “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

Arthur Laffer Quote: “The zero-income-tax-rate states have far faster growth in tax revenues than did the states with highest income tax rate over the same period.”

15. “The zero-income-tax-rate states have far faster growth in tax revenues than did the states with highest income tax rate over the same period.”

— Arthur Laffer

Arthur Laffer Quote: “There are lots of other things that affect state growth besides state taxes. However, the reason I look at taxes is because these are policy variables that can be changed by state governments in order to get better results than they otherwise had.”

16. “There are lots of other things that affect state growth besides state taxes. However, the reason I look at taxes is because these are policy variables that can be changed by state governments in order to get better results than they otherwise had.”

— Arthur Laffer

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