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
50:00 RFK Jr. endorsing Trump is one of the most important events
53:55 A Harris presidency
57:20 Parting thoughts
The Julia La Roche Show