You Want To Prove That Milton Friedman

Let Me Just Try To Give You Sort Of The Intuitive One Here On The Stimulus Funds. If You Have A Two-person Economy - Let's Imagine We Have Two Farms, And That's The Whole World, Just Two Farms. If One Of Those Farmers Gets Unemployment Benefits, Who Do You Think Pays For Him? Am I Going Way Over Your Heads Today?

The Income Effects In An Economy Always Sum To Zero.

We Are Having The Single Worst Recovery The U.s. Has Had Since The Great Depression. I Don't Care How You Measure It. The East Coast Knows It. The West Coast Knows It. North, South, Old, Young, Everyone Knows It's The Worst Recovery Since The Great Depression.

People Can Also Change The Timing Of When They Earn And Receive Their Income In Response To Government Policies.

There Are Several States That Move From Karl Marx-like Policies To Adam Smith-like Policies And Back Again In A Weekend. So For The States With Huge Volatility In Their Income Tax Policies Over Time, The Differences In Growth Rates In Those Periods Are Really Amazingly Consistent With Tax Rates Really Mattering.