Occupation: Economist Birth: August 14, 1940
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 ….
People can also change the timing of when they earn and receive their income in response to government policies..
The zero-income-tax-rate states have far faster growth in tax revenues than did the states with highest income tax rate over this period..
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 ….
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 us….
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 differenc….
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 ow….
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….
Sound money is the sine qua non of a prosperous society..
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 witho….
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 We….
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 ….
It is not true that Congress spends money like a drunken sailor. Drunken sailors spend their own money. Congress spends our money..
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,….
You know, without China there is no Wal-Mart and without Wal-Mart there is no middle class and lower class prosperity in the United States..
And just remember, every dollar we spend on outsourcing is spent on U.S. goods or invested back in the U.S. market. That's accounting..
The tax rate increases reduce economic growth; they shrink the pie; they cause more poverty, more despair, more unemployment, which are all things go….
When you look at the world, everyone in the world who cares about his or her family wants to have a major portion of their assets in the United State….
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. ….
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 hear….
The income effects in an economy always sum to zero..