The Only Relevant Test Of The Validity

China Has Seen A Great Deal Of Economic Progress. It's Certainly Rather Of A Miracle. The Growing Role Of The Market In The Economy Will Force China To Open Up Its Political System Over Time And To Move Toward A More Democratic Society. So Taken As A Whole, The One Real Failure In This Whole Business Has Been Russia.

Everywhere, And At All Times, Economic Progress Has Meant Far More To The Poor Than To The Rich.

You Never Can Cure Poverty. Poverty Is In The Eye Of The Beholder.

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.

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.