Adam Taggart's Thoughtful Money®

Adam Taggart's Thoughtful Money®

Art Laffer: The Foundation Is Now Laid For An Economic "Golden Age"

A long-time presidential economic advisor's optimistic outlook

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Adam Taggart
Jul 10, 2025
∙ Paid

Well, now that President Trump has set into motion the main pillars of his economic policy -- trade reform, tax cuts and deregulation -- what should we expect from here?

I can think of few better people to hear from on this topic than today's guest, who is one of the key economic advisors to President Trump and his cabinet members.

Today, we're fortunate to welcome back to the program economist Dr Arthur Laffer.

He was the first to hold the title of Chief Economist at the Office of Management and Budget in the early 1970s. He then later served as a member of President Reagan's Economic Policy Advisory Board. He's perhaps best known for developing the Laffer curve, a model for determining the optimal balance between tax revenues and economic growth.

Dr Laffer is now very optimistic about the future of the US economy.

To learn why, click here or on the video below:


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Adam’s Notes: Dr Art Laffer (recorded 7.9.25)

EXECUTIVE SUMMARY:

  • Successful Economic Agenda Implementation: Dr. Arthur Laffer praises the Trump administration’s rapid passage of the “One Big Beautiful Bill” (BBB), securing tax cuts, deregulation, and trade reforms, laying the foundation for a new era of prosperity with potential 4-5% GDP growth.

  • Optimism for Growth: Laffer is highly optimistic about economic prospects, citing the permanence of the 2017 Tax Cuts and Jobs Act, no tax on tips or overtime, and medical price transparency as growth catalysts, despite no bipartisan support for the BBB.

  • Trade Strategy Effectiveness: While wary of tariff rhetoric, Laffer is encouraged by

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