Government is a way by which every individual believes he can live at the expense of everybody else.

Inflation is a monetary phenomenon. It is made by or stopped by the central bank.

China's productive system draws upon the other East Asian countries to a great extent. The volume of trade is much larger than the net amount being exported from China. China needs substantial reserves to finance all that.

If the US government spends 40 percent of the nation's income, as it does through either borrowing or taxes, that income is not available for people to spend. The deficit is an indirect method of taxation. Of course, politicians prefer to borrow instead of tax because then someone down the road has to deal with the consequences.

Education spending will be most effective if it relies on parental choice & private initiative -- the building blocks of success throughout our society.

The only relevant test of the validity of a hypothesis is comparison of prediction with experience.

We don't have a desperate need to grow. We have a desperate desire to grow.