You Want To Prove That Milton Friedman

There Are Lots Of Other Things That Affect State Growth Besides State Taxes. However, The Reason I Look At Taxes Is Because These Are Policy Variables That Can Be Changed By State Governments In Order To Get Better Results Than They Otherwise Had.

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.

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?

If You Like The Post Office And The Department Of Motor Vehicles And You Think They're Run Well, Just Wait Till You See Medicare, Medicaid And Health Care Done By The Government.

I Mean, Everyone Agrees With Stress Tests For Banks. I Mean That's Clear. But Banks Should Do That On Their Own. And They Should Worry About Their Own Capital Functioning. That's What They Should Do. It Shouldn't Be A Government Function.