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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
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"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 #moneywealth

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With the shrinking of the US economy, and it's shrinking very rapidly, you not only have more…

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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

About Arthur Laffer

Arthur Laffer was a Economist from United States (1940–1989).

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Frequently Asked Questions

Who said "With the shrinking of the US economy, and it's shrinking very rapidly, you not…"?
This quote is attributed to Arthur Laffer, a Economist from United States.
When did Arthur Laffer live?
Arthur Laffer lived from 1940 – 1989.
What is this quote about?
This quote touches on Money & Wealth. Browse more quotes on these themes from the categories page.