I prefer to listen to people who change their mind now and then.

Socialized medicine allows a nation to exclude a U.S. product from its market if the U.S. firm does not make generous enough price concessions. Accordingly, what has developed is a system within which U.S. firms make large profits on new drugs in the U.S. market, but very low profits on sales everywhere else.

Taxes can set the level of activity around which the economy fluctuates, but they have very little effect on the fluctuations themselves.

Kevin Hassett Quotes