• With the shrinking of the US economy, and it's shrinking very rapidly, you not only have more money, but you also have fewer goods. That's a classic double-whammy on inflation.

    Arthur Laffer: With the shrinking of the US economy, and it's shrinking very rapidly, you not only have more money, but you also have fewer goods. That's a classic double-whammy on inflation.
    "Economic Debate: Laffer vs. Liesman". "The Kudlow Report" with Larry Kudlow, www.cnbc.com. February 26, 2009.