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Arthur Laffer, economist and author of Trumponomics: Inside the America First Plan to Revive Our Economy, praised President Donald Trump’s economic policies while warning of Sen. Bernie Sanders’ (I-VT) socialistic prescriptions for increased economic centralization, offering his analysis in a Monday-aired interview on SiriusXM’s Breitbart News Daily with host Alex Marlow.
Laffer cheered Trump’s nomination of Stephen Moore to the Federal Reserve’s governorship. “I think Steve Moore is an excellent person, a wonderful guy, a journalist who has specialized in economics. [He] knows his stuff pretty well. He’s amazing. He’s held a lot of big-time jobs over the years and I’ve known him for probably 25 years, and he would be an excellent member of the Federal Reserve board, to be honest, and he would bring diversity [and] a different viewpoint.”
Laffer added, “Plus … [Stephen Moore] gets along with people very, very well, so I think the people on the Federal Reserve board in very short order would like him a lot, and would confide with him and talk with him and hear different views. and I think it would make U.S. policy better.”
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Laffer lauded Trump’s understanding of economics. “The president understands very well the role of lower tax rates create incentives to increase output and economic production,” he determined. “The tax bill was a classic example of it, not only cutting the statutory rate from 35 to 21, but 100 percent expensing of capital purchases, [and] territoriality instead of a global tax system. All that stuff is just really, really great.”
“Deregulation is really good for the American economy, as well,” continued Laffer. “On all this stuff, [Donald Trump] has just done a great job. All the deregulation — from energy to all sorts of other things — across the board … it is really important to the prosperity of the...
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