Globe with Money

Welcome To The McAlvany Intelligence Advisor

An Obscure Economist from the Reagan Administration Just Might Reelect the President in 2020

Is it possible that a 78-year-old economist with degrees from Yale and Stanford Universities just might reelect President Donald Trump in November 2020?

Most people weren't even aware that President Trump awarded him the Presidential Medal of Freedom – the nation's highest civilian honor – last week for the impact he has had on the economy not only in the U.S. but worldwide over the last 35 years. Few know that the paper napkin on which he sketched the simplest of economic theories is now on display at the Smithsonian.

Arthur Laffer not only added the "Laffer Curve" to the lexicon, but "supply side economics" and "Reaganomics" as well. The concept was so simple that even New York Time's resident economist Paul Krugman grudgingly admitted it made sense.

Laffer was an adviser to the president during his 2016 campaign, helping to craft his tax policy, which would become The Tax Cuts and Jobs Act of 2017 – widely praised by corporate America for its reduction of corporate taxes from 35 percent (among the highest in the world) to 21 percent (among the lowest). As a refresher, the day after Trump was elected president (November 9, 2016) the Dow closed at 18,138. Last Friday it closed at 26,719, a gain of more than 8,500 points, or 47 percent.

The Laffer Curve is simplicity itself. It is predicated on the premise that lower taxes would result in increased economic activity.

Implementation of the policy has driven the U.S. economy, and Wall Street, to records. This month the economic expansion enters its 10th year, the longest in U.S. history. And the Dow is up almost 50 percent since the day after Trump won the presidency.

Can that continue?

Click here to continue reading this article...

CHECK OUT THE ENTIRE MCALVANY NETWORK

McAlvany Weekly Commentary provides investors with valuable monetary, economic, geo-political and financial information that cannot be found on Wall Street. Your host David McAlvany presents a solid strategy of wealth preservation for your financial and retirement assets while living in an unstable economy.

Through its client focused, customized approach, MWM is committed to providing independent, well-researched, objective advice, and investment professionalism. At MWM, our client commitment is to preserve capital, manage risk, and grow your assets in an ever-changing global environment.

At International Collectors Associates (ICA), we specialize in the sale of bullion, semi-rare U.S. and European gold coins and secure offshore storage in Switzerland for your precious metals. Our highly trained and experienced advisors strive to help you in customizing solid strategies of wealth preservation for your financial and retirement assets.

McAlvany Financial Group

The McAlvany Financial Group has a contrarian, in-depth approach to its analysis, allowing the company to avoid decisions based on emotion, and thus combine maximum risk mitigation with consistent real growth for its clients’ investments. Integrity, attentiveness, and longevity have characterized the company’s client relationships since 1972.