Arthur Laffer an his Economic Prediction
Should you are expecting the US economy to take a turn for good, well you shouldn’t be according to expert economist Arthur Laffer who has raised yet an additional voice to claim that the USA is heading for an economic collapse on 2011.
In an write-up written for the Wall Street Journal he says:
“But at the tax boundary of Jan. 1, 1983 the economy took off like a rocket, with average real growth reaching 7.5% in 1983 and 5.5% in 1984. It has always amazed me how tax cuts don’t work until they take effect. Mr. Obama’s experience with deferred tax rate increases will be the reverse. The economy will collapse in 2011.”
Read the full Arthur Laffer article at:
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