What are the five things that any economy needs in order to start booming?

Spending restraint curbs the need for higher taxation.

Sound money provides a stable environment for economic prosperity.

Free trade is one of the bulwarks of a successful economy—we would be foolish as a country not to engage with other nations to our mutual benefit.

Do you know what the last two pillars are?

Watch as Art Laffer reveals all five pillars and why each one is necessary to a powerful economy!