You Want To Prove That Milton Friedman

Sound Money Is The Sine Qua Non Of A Prosperous Society.

What I'm Not Saying Is That All Government Spending Is Bad. It's Not - Far, Far From It, But There Is No Free Lunch, As A Former Colleague Of Mine Used To Say. There Is No Public Tooth Fairy. Father Christmas Does Not Work On The Treasury Staff This Year. You Can Never Bail Someone Out Of Trouble Without Putting Someone Else Into Trouble.

If You Look At The Performance Of The Zero-income-tax-rate States And The Highest-income-tax-rate States, I Believe A Large Amount Of Their Difference Is Due To Taxes. Not Only Is It True Of The Last Decade, But I Took These Numbers Back 50 Years. And, There's Not One Year In The Last 50 Where The Zero-income-tax-rate States Have Not Outperformed The Highest-income-tax-rate States.

With The Shrinking Of The Us Economy, And It's Shrinking Very Rapidly, You Not Only Have More Money, But You Also Have Fewer Goods. That's A Classic Double-whammy On Inflation.

And You Can't Have A Prosperous Economy When The Government Is Way Overspending, Raising Tax Rates, Printing Too Much Money, Over Regulating And Restricting Free Trade. It Just Can't Be Done.