Art Laffer is perhaps best remembered for his famous curve, some people believe it doesn’t exist (in application), others swear by it. This video looks at some of the statistics which support the argument that Government spending inhibits an economy once it goes beyond a certain point. This will be a difficult video to accept from an Irish perspective as we are constantly calling upon the state for our solutions and that requires greater state spending. Enjoy.
Economist Robert Schiller of ‘Case Schiller’ report fame says that he believes the housing market will fall further, confidence is everything in the property market and he says that confidence is at a record low and that is one of the primary reasons for his feelings on future prices. This makes for some interesting viewing, his book ‘The subprime solution’ and another called ‘Irrational exuberance’ are both excellent reads if you want to get a view on the current situation from a man who saw this coming. A vital point he makes is that avoiding additional supply is part of the solution.