Laffer said the parallel between Reagan and Trump is that both were “greatly underestimated by the population at large.”

“Not one of the elders” got behind candidate Reagan in the beginning, Laffer said. He joked that when Reagan -- perceived by critics as a lightweight, a bigot and a war monger -- won the 1980 primaries, the Republican establishment “poured on us like a waterfall of cockroaches.”

Trump is “going to make mistakes, but he’s going to do some great things too, and I think you’re going to be very, very pleasantly surprised with a Trump presidency,” Laffer said.

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