"When you look at the world, everyone in the world who cares about his or her family wants to have a major portion of their assets in the United States because we are the growth country and the freedom loving country"
About this Quote
Patriotism, here, is doing double duty as an investment thesis. Laffer’s line isn’t just boosterism; it’s a pitch that smuggles policy preference into a family-values frame. Start with the setup: “everyone…who cares about his or her family.” That’s not an observation, it’s a moral sorting mechanism. If you’re prudent, responsible, and protective, you’ll park “a major portion” of your wealth in the U.S. If you don’t, the implication hangs there: maybe you’re naive, or worse, indifferent to your own people.
The subtext is classic Laffer: markets respond to incentives, capital flees friction, and America wins when it lowers perceived obstacles to profit. “Growth country” is shorthand for a deregulatory, tax-cut-friendly narrative in which dynamism is treated as a national trait rather than the result of specific choices. “Freedom loving country” completes the fusion of economics and ideology, turning portfolio allocation into a referendum on liberty itself. It’s a neat rhetorical trick: who wants to argue against freedom?
Context matters. Laffer rose to prominence as supply-side economics became a political language as much as a technical claim, especially in Reagan-era messaging. This quote fits that tradition: it’s less about describing capital flows than about legitimizing a certain American self-image at a moment when globalization makes loyalty feel optional. By tying family security to U.S. asset concentration, Laffer reassures anxious listeners that self-interest and nationalism can be the same act - and quietly suggests that policies favoring capital are, by definition, pro-family.
The subtext is classic Laffer: markets respond to incentives, capital flees friction, and America wins when it lowers perceived obstacles to profit. “Growth country” is shorthand for a deregulatory, tax-cut-friendly narrative in which dynamism is treated as a national trait rather than the result of specific choices. “Freedom loving country” completes the fusion of economics and ideology, turning portfolio allocation into a referendum on liberty itself. It’s a neat rhetorical trick: who wants to argue against freedom?
Context matters. Laffer rose to prominence as supply-side economics became a political language as much as a technical claim, especially in Reagan-era messaging. This quote fits that tradition: it’s less about describing capital flows than about legitimizing a certain American self-image at a moment when globalization makes loyalty feel optional. By tying family security to U.S. asset concentration, Laffer reassures anxious listeners that self-interest and nationalism can be the same act - and quietly suggests that policies favoring capital are, by definition, pro-family.
Quote Details
| Topic | Investment |
|---|---|
| Source | Help us find the source |
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