Arthur B. Laffer, an effervescent, energetic economist made famous by “the Laffer Curve” in the late 1970s says “it’s 1979 all over again” in America.
Laffer argues we are “just about due for a huge turnaround” in our economy in this video interview conducted in April. “One of the nice things about being very old, is you can actually remember old time events. This is 1979 exactly.”
He described being worried of rising socialistic policies back then, but “bang, it all changed. In 1980, the clouds opened, the sun shone forth on the planet, the fields turned green, the trees blossomed and bore fruit, the animals multiplied, and Reagan was nominated and elected. We changed the course of the world. But we are just about to flip it again.”
Later in the interview, he says, “remember, without Jimmy Carter, there never would have been Ronald Reagan.
Read more: http://dailycaller.com/2015/09/05/economist-its-1979-all-over-again-in-america/#ixzz3l0tp1Z8c
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