I am in favor of cutting taxes under any circumstances and for any excuse, for any reason, whenever it's possible. The reason I am is because I believe the big problem is not taxes, the big problem is spending. The question is, 'How do you hold down government spending?' Government spending now amounts to close to 40% of national income not counting indirect spending through regulation and the like. If you include that, you get up to roughly half. The real danger we face is that number will creep up and up and up. The only effective way I think to hold it down, is to hold down the amount of income the government has. The way to do that is to cut taxes.

The use of quantity of money as a target has not been a success. I'm not sure that I would as of today push it as hard as I once did.

There are four ways in which you can spend money. You can spend your own money on yourself. When you do that, why then you really watch out what you're doing, …

The unions might be good for the people who are in the unions but it doesn't do a thing for the people who are unemployed because the union keeps down the numb…

You know, the Democrats want to balance the budget by raising spending and raising taxes. The Soviet Union had a balanced budget.

It is the highest impertinence and presumption, therefore, in kings and ministers to pretend to watch over the economy of private people, and to restrain their…

Spending by government currently amounts to about 45 percent of national income. By that test, government owns 45 percent of the means of production that produ…