September 03, 2024

#194 Dr. Art Laffer: If Trump Wins And Follows The Economic Policies Of His First Term We Could See A Renaissance In America

59 minutes

Dr. Art Laffer, one of the most influential economists of the past half-century, joins Julia La Roche for episode 194. Dr. Laffer is the founder and chairman of Laffer Associates, an economic research and consulting firm. Known as the "Father of Supply Economics," he is famous for developing the Laffer Curve, a representation of the relationship between tax rates and tax revenue that was foundational to supply-side economics. Dr. Laffer served as a member of President Reagan's Economic Policy Advisory Board for both of Reagan's terms.

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Timestamps:

0:00 Intro and welcome back Dr. Art Laffer

1:06 Big picture macro view, a long period of economic senescence

5:13 Transfer theorem and the decline in growth rates

7:58 Upcoming election from an economics lens

11:30 Operation Warp Speed and Right To Try

15:25 A second-term Trump could unleash a Renaissance in America's economy

19:00 Five pillars of prosperity

24:17 Tariffs

28:30 Trade and geopolitics

33:30 Trade is not a political weapon

42:50 Government spending