Art Laffer: We Have a Good Economy, We Are Only Missing Productivity Growth

EXCERPT:

LAFFER: "I mean, to be honest I think this was a great piece of news that that’s increasing. The one that amazes me most of all Stuart, is insurance claims as a proportion of the labor force, the lowest they’ve ever been. Initial claims are way below any time historically. We have a very good economy. The only thing we’re missing and we really are missing it is productivity growth. And productivity growth has lagged and is not coming yet, but once that productivity growth comes in, I mean, this place is off to the races."