The Income Effects In An Economy Always

I Think The Inflation Prospects For The U.s. Over The Next Five Or Six, Seven Years, Are Quite Serious. You Cannot Have A Bumper Crop In Apples Without The Value Or The Price Of Each Apple Falling. The Fed Has Had The Largest Increase In The Monetary Base In The History Of The U.s., From Colonial Times To The Present, Times Ten.

What I'm Not Saying Is That All Government Spending Is Bad. It's Not - Far, Far From It, But There Is No Free Lunch, As A Former Colleague Of Mine Used To Say. There Is No Public Tooth Fairy. Father Christmas Does Not Work On The Treasury Staff This Year. You Can Never Bail Someone Out Of Trouble Without Putting Someone Else Into Trouble.

And Just Remember, Every Dollar We Spend On Outsourcing Is Spent On U.s. Goods Or Invested Back In The U.s. Market. That's Accounting.

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.