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.

Sound money is the sine qua non of a prosperous society.

It is not true that Congress spends money like a drunken sailor. Drunken sailors spend their own money. Congress spends our money.

The income effects in an economy always sum to zero.

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.

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.

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.