"And you can't have a prosperous economy when the government is way overspending, raising tax rates, printing too much money, over regulating and restricting free trade. It just can't be done"

In this quote, Arthur Laffer is revealing his belief that a prosperous economy can not exist when the federal government takes part in particular actions. He argues that overspending, raising taxes, printing excessive amounts of cash, and carrying out a lot of regulations and limitations on open market are all harmful to the economy. Laffer suggests that these actions produce an imbalance and impede the development and success of the economy. He thinks that in order for an economy to flourish, the government must practice responsible costs, keep reasonable tax rates, and promote open market without excessive disturbance. Laffer's statement highlights the value of federal government policies and their influence on the economy.