"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"
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Arthur Laffer's quote is a reflection of the economic and social goals connected to the understanding of the United States as a land of opportunity. Laffer, a prominent American economic expert known for the Laffer Curve, emphasizes the United States' credibility for economic development and personal liberties.
The statement suggests that worldwide, individuals who are deeply invested in the wellness and prosperity of their families see the U.S. as a favorable location for their assets. This perception most likely originates from the nation's traditionally robust economy, which has actually long been a dominant force in the international market. Laffer mentions the U.S.'s status as a "development country", inferring that it uses abundant opportunities for financial returns, innovation, and entrepreneurial endeavors.
Furthermore, the mention of the U.S. as a "freedom loving nation" touches on its political concepts, such as democracy, specific rights, and the rule of law. These perfects are typically attractive to those living under more limiting programs or in volatile regions, where financial stability and personal liberties might be jeopardized. Laffer's remark highlights the idea that in the U.S., there is an environment conducive to individual and financial flexibility, making it an attractive place for people to invest not just their assets but likewise their expect a better future for their families.
Hence, the quote encapsulates a wider narrative about America as a magnet for global investment and a sanctuary for those running away financial or political instability. It reflects the aspirational image of the U.S. as not only a financial powerhouse but also a nation where personal freedoms permit individuals to prosper and secure a promising future for their families. Laffer's words resonate particularly with the worths of the American Dream-- appealing prosperity and flexibility for those ready to pursue them.
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