Last week John McCain introduced a resolution which passed 85 to 13 in favor of a consensus or "sense of the Senate" that the Value Added Tax would be a massive tax increase falling most heavily on those with fixed incomes and reverse the current recovery. We can only hope and prayer wouldn't hurt.
A Notable Quotable from the Wall Street Journal and taken from the book "Free to Choose" written by Rose and Milton Friedman. Mrs. Freidman recently died.
"Economic freedom is an essential requisite for political freedom. By enabling people to cooperate with one another without coercion or central direction, it reduces the area over which political power is exercised. In addition, by dispersing power, the free market provides an offset to whatever concentration of political power may arise. The combination of economic and political power in the same hands is a sure recipe for tyranny.
The combination of economic and political freedom produced a golden age in both Great Britain and the United States in the nineteenth century. The United States prospered even more than Britain. It started with a clean slate; fewer vestiges of class and status; fewer government restraints; a more fertile field for energy, drive, and innovation; and an empty continent to conquer....
Ironically, the very success of economic and political freedom reduced its appeal to later thinkers. The narrowly limited government of the late nineteenth century possessed little concentrated power that endangered the ordinary man. The other side of that coin was that it possessed little power that would enable good people to do good."
Here's to freedom--