Yeah Laffer, he's way off base!

It's absolutely amazing how oblivious those people are to what he's saying. He kept his cool quite well.

You can only live on credit for so long before it catches up to you.

This was all in my economics 101. Laffer obviously didn't take that class.

He's right about women in the workforce. Most would rather not work as much as they do. I don't blame them.

This is very fundamental...

A) There's generally a cycle that holds true in period
B) The housing market bubble had already all but burst at that point. Nobody was buying and those that were selling were having to lower their prices.

Whenever interest rates are so low, and you still can't sell property, you know things are upside down.

Now just take that information and forecast a couple of years in the future when a lot of these 3 year ARMs turn into hell for the average working class family.

>> ^rottenseed:
This is very fundamental...
A) There's generally a cycle that holds true in period
B) The housing market bubble had already all but burst at that point. Nobody was buying and those that were selling were having to lower their prices.
Whenever interest rates are so low, and you still can't sell property, you know things are upside down.
Now just take that information and forecast a couple of years in the future when a lot of these 3 year ARMs turn into hell for the average working class family.


It's so logical yet his position is treated like crazy talk.

When I was in college at USC, I worked at the Business School as a proofreader/editor. I edited some things of Laffer's (I, a nineteen-year-old English major editing the "writings" of a full profesor in the Biz School; still makes me laugh). The man wrote as though he was typing with mittens on. I concluded then that he couldn't quite think straight.

*dead

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