If A Tax Cut Increases Government Revenues,

When Something Goes Wrong, The Natural Tendency Is To Say, "by God, We Need To Pass A Law And Do Something."

There Have Been Unions Based On Gold Or Silver, But Not On Fiat Money - Money Tempted To Inflate - Put Out By Politically Independent Entities.

The Economic Miracle That Has Been The United States Was Not Produced By Socialized Enterprises, By Government-unon-industry Cartels Or By Centralized Economic Planning. It Was Produced By Private Enterprises In A Profit-and-loss System. And Losses Were At Least As Important In Weeding Out Failures, As Profits In Fostering Successes. Let Government Succor Failures, And We Shall Be Headed For Stagnation And Decline.

Now That I'm 60, Every Morning I Look In The Mirror And Say, "i Don't Know Who You Are, Stranger, But I'm Gonna Shave You Anyway".

Italy May Well Be The Main Problem. It Has Benefited Most From The Euro By Having Been Able To Get The Euro Interest Rate Instead Of What Otherwise Would Have Been Its Own. That Would Be Much Higher Because Italy Has Been Accumulating So Much Debt. In The Past, Italy Has Inflated Away Its Debt. The Virtue Of The Euro Is That Italy Can't Do It Alone. A Tight Ecb Policy Wouldn't Permit That To Happen Again.