We will see a lot more economic growth coming, Art Laffer predicts

Economic Growth and Tax Cuts - Wages are rising faster than prices, with real income increasing and grocery prices only rising by 2.1% [2][17] - Economic growth is expected to continue, with potential growth rates reaching 4% to 5% in the near future, positively impacting real wages and the economy [5][14] - The tax cuts enacted in July are anticipated to show significant refunds in the first quarter of the following year, contributing to economic strength [9][27] Inflation and Affordability - The current inflation rate, particularly in grocery prices, is being misrepresented by the media, as prices are barely rising [7][8] - The affordability crisis is being challenged by the increase in real income, which has risen by $1,200 since Trump took office [17][18] - Housing prices are expected to decrease as new housing units come online, which will positively affect the Consumer Price Index (CPI) [10][12] Federal Reserve and Monetary Policy - The Federal Reserve's current policies are criticized for not aligning with economic growth, leading to higher inflation instead of lower prices [4][23] - There is a call for the Federal Reserve to reduce its balance sheet to allow for lower interest rates, which would benefit small and medium-sized businesses [20][21] - Ethical concerns regarding insider trading among Federal Reserve officials have been raised, indicating a need for better compliance and management within the institution [29][34]