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.
“The president understands very well the role of lower tax rates create incentives to increase output and economic production,” he determined.
“I think [Donald Trump] is trying to get a good trade deal where we have free trade globally for the United States,” stated Laffer.
“When foreign countries put on trade barriers to U.S. products — which they do much more so than we do to their products — but those barriers that they put on hurt their countries just as much as they hurt us,” assessed Laffer.
Laffer explained, “Let’s imagine that Japan discovered a cure for Alzheimer’s, and let’s imagine that the U.S. discovers a cure for colon cancer, and let’s imagine Japan — true to form — prohibits us from selling a cure for colon cancer in Japan.