Art Laffer: ‘Whole Economy is Shrinking’

“Have you ever heard of a poor man spending himself into prosperity? It`s just dumb on the outset. Government spending, as [economist] Milton Friedman always said, is taxation,” he continued. “Government doesn`t create resources, it redistributes resources. And this government spending stuff is why we have the great recession.”

via Art Laffer: ‘Whole Economy is Shrinking’.

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