All Taxes Are A Drag On Economic

I Guess I Should Warn You, If I Turn Out To Be Particularly Clear, You've Probably Misunderstood What I've Said.

The Economy Is Turning, And Credit Comes In With A Lag, .. To The Extent That A Number Of Small Firms Are Finding It Difficult To Get The Credit They Need At A Price They Can Afford, That's Likely To Change For The Better.

We As Central Bankers Need Not Be Concerned If A Collapsing Financial Asset Bubble Does Not Threaten To Impair The Real Economy, Its Production, Jobs And Price Stability.

Regulation - Which Is Based On Force And Fear - Undermines The Moral Base Of Business Dealings. It Becomes Cheaper To Bribe A Building Inspector Than To Meet His Standards Of Construction. Protection Of The Consumer By Regulation Is Thus Illusory.

In An Economy That Already Has Lost Some Momentum, One Must Remain Alert To The Possibility That Greater Caution And Weakening Asset Values In Financial Markets Could Signal Or Precipitate An Excessive Softening In Household And Business Spending.