American Consumers Might Benefit If Lenders Provided

What An Ideology Is Is A Conceptual Framework With The Way People Deal With Reality. Everyone Has One. You Have To, To Exist You Need An Ideology. The Question Is Whether It Is Accurate Or Not.

I Have Long Argued That Paying Down The National Debt Is Beneficial For The Economy: It Keeps Interest Rates Lower Than They Otherwise Would Be And Frees Savings To Finance Increases In The Capital Stock, Thereby Boosting Productivity And Real Incomes.

If I Say Something Which You Understand Fully In This Regard, I Probably Made A Mistake.

Protectionism Will Do Little To Create Jobs And If Foreigners Retaliate, We Will Surely Lose Jobs.

I Have One Other Issue I'd Like To Throw On The Table. I Hesitate To Do It, But Let Me Tell You Some Of The Issues That Are Involved Here. If We Are Dealing With Psychology, Then The Thermometers One Uses To Measure It Have An Effect. I Was Raising The Question On The Side With Governor Mullins Of What Would Happen If The Treasury Sold A Little Gold In This Market. There's An Interesting Question Here Because If The Gold Price Broke In That Context, The Thermometer Would Not Be Just A Measuring Tool. It Would Basically Affect The Underlying Psychology.