S2E96 Learning from Reagan's Economic Guru
The Brian Buffini Show
Brian Buffini
4.8 • 2.4K Ratings
🗓️ 1 December 2022
⏱️ 30 minutes
🧾️ Download transcript
Summary
In challenging times, entrepreneurs can still win if they study the patterns of the past. In this episode, Brian reflects on what he learned from his interview with Dr. Arthur B. Laffer and shares how entrepreneurs can succeed and grow, even in a tough economic environment.
YOU WILL LEARN:
· The importance of an incentive-based market.
· The economic indicators entrepreneurs must watch for.
· The factors entrepreneurs can control.
MENTIONED IN THIS EPISODE:
“Taxes Have Consequences,” by Dr. Arthur B. Laffer
S2E95, Taxes Have Consequences with Dr. Arthur B. Laffer
The Richest Man in Babylon, by George S. Clason
NOTEWORTHY QUOTES FROM THIS EPISODE:
“If you create incentives for entrepreneurs, they will do what entrepreneurs do.” – Brian Buffini
“When you disincentivize entrepreneurs, they take their ball and go elsewhere.” – Brian Buffini
“If you want to stay where you are, you need to maximize the tax benefits you have and be wise.” – Brian Buffini
“You have to grow your business at a higher percentage than inflation.” – Brian Buffini
“It's a time to be efficient, not to be scared.” – Brian Buffini
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Transcript
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| 0:00.0 | Welcome to It's A Good Life, where it's all about helping entrepreneurs think, feel |
| 0:06.0 | and do better. |
| 0:07.8 | Earlier this week we had the great Dr. Ark Laferon the show talking about how taxes have |
| 0:12.5 | consequences. |
| 0:14.0 | Brian, what did you think of the interview? |
| 0:16.8 | Well I gotta say, you know, we'll get into the tactical stuff and taxes and supply side. |
| 0:22.7 | The first thing that really struck me was here's an 82 year old man on fire. |
| 0:27.6 | I mean on fire, phenomenal energy, enthusiasm, so much zip on his fastball, sharp as attack, |
| 0:35.6 | funny. |
| 0:37.1 | And it just kind of goes to it's like an encouragement for me to have continue the great |
| 0:42.4 | passion that you have. |
| 0:43.8 | You know, he's been talking about this subject for over 50 years and he has as much fire |
| 0:49.2 | and enthusiasm for it as he ever had. |
| 0:51.9 | You know, when you're really a master of something, how simple he was able to explain |
| 0:56.5 | the concepts. |
| 0:58.3 | Concepts that have been so whether they be politicized or poorly communicated or just flat out taught |
| 1:04.5 | wrong, how simple it is. |
| 1:06.4 | It's it was simple to understand its concepts you can get your arms around and the history |
| 1:11.7 | is overwhelming. |
| 1:13.0 | It was great to hear him. |
| 1:14.7 | It was also great to hear that he doesn't have these political access to grind. |
| 1:17.9 | He's like, you know, stop the nonsense. |
... |
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