There Is No Evidence That The Business

All Taxes Are A Drag On Economic Growth. It's Only A Question Of Degree.

While Local Economies May Experience Significant Price Imbalances, A National Severe Price Distortion Seems Most Unlikely In The United States, Given Its Size And Diversity.

Excessive Optimism Sows The Seeds Of Its Own Reversal.

If We Are To Remain Preeminent In Transforming Knowledge Into Economic Value, America's System Of Higher Education Must Remain The World's Leader In Generating Scientific And Technological Breakthrough, And In Meeting The Challenge To Educate Workers.

Any Onset Of Increased Investor Caution Elevates Risk Premiums And, As A Consequence, Lowers Asset Values And Promotes The Liquidation Of The Debt That Supported Higher Asset Prices, ... This Is The Reason That History Has Not Dealt Kindly With The Aftermath Of Protracted Periods Of Low Risk Premiums.