Sound Money Is The Sine Qua Non

I Think The Inflation Prospects For The U.s. Over The Next Five Or Six, Seven Years, Are Quite Serious. You Cannot Have A Bumper Crop In Apples Without The Value Or The Price Of Each Apple Falling. The Fed Has Had The Largest Increase In The Monetary Base In The History Of The U.s., From Colonial Times To The Present, Times Ten.

Government Spending Is Taxation. When You Look At This, I've Never Heard Of A Poor Person Spending Himself Into Prosperity; Let Alone I've Never Heard Of A Poor Person Taxing Himself Into Prosperity.

There Are 11 States In The United States That In The Last 50 Years Instituted An Income Tax. So I Looked At Each Of Those 11 States Over The Last 50 Years, And I Took Their Current Economic Metrics And Their Metrics For The Five Years Before They Put In The Progressive Income Tax... Every Single State That Introduced A Progressive Income Tax Has Declined As An Overall Share Of The U.s. Economy.

It Has Always Amazed Me How Tax Cuts Don't Work Until They Take Effect. Mr. Obama's Experience With Deferred Tax Rate Increases Will Be The Reverse. The Economy Will Collapse In 2011.

Let's Take The Nine States That Have No Income Tax And Compare Them With The Nine States With The Highest Income Tax Rates In The Nation. If You Look At The Economic Metrics Over The Last Decade For Both Groups, The Zero-income-tax-rate States Outperform The Highest-income-tax-rate States By A Fairly Sizable Amount.