Is Weak Productivity to Blame for Sluggish Consumer Spending?

By Frank Holmes – Re-Blogged From http://www.Gold-Eagle.com

One of the highlights of last week’s MoneyShow in Dallas was listening to American economist Art Laffer, whose “Laffer curve” shows that the government can actually bring in more revenue if tax rates are kept low. Art’s theory was used as the basis for President Ronald Reagan’s free-trade, low-tax policies. Later, Art actually supported Bill Clinton because he was willing to streamline taxes and regulations.

The same cannot, I’m afraid, be said of his wife Hillary, who plans to raise taxes at nearly every level.

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