“There is a major difference between theoretical knowledge andexperiential knowledge. Academics think they know how the economyshould work; successful business owners know how the economy doeswork. They have been there and done it. Our government should beturning to those who have experiential knowledge when it comes tosolving our fiscal problems. They would realize that many of theircurrent policies may sound good but don’t work in the real worldand must be abandoned. They would spend less and live within theirmeans. They would be promoting the creation of more entrepreneursand business owners, instead of hiring more bureaucrats, consultingmore academics, and enlisting more lawyers to harass and prosecutethe true wealth creators of this nation.”

“Even the most well-meaninggovernment policies have unintended consequences that have harmedthe economy. If government policies were today held accountable the wayprivate businesses are, the scoreboard would say government is failingto help people...and this is a fact.”

“We were born a nation of entrepreneurs. That is why so manypeople came to this country from so many different nations and culturesaround the globe. The entrepreneur sees the opportunity, takesaction, and successfully learns from the experience. They go on tocreate wealth. They become part of that demographic that is called“the rich.” They, not the government, drive the economy and createjobs. Only a mind with an envious, greedy perspective would considerpunitively taxing the rich as a viable solution to our fiscal miasma.This is a solution springing from the fount of ignorance and deemedwise only by fools.”

“If more people learned to understand their real business interests correctly and to act accordingly, we would have a much better world.”

“This nation was founded on the principle of wealth creation. Asa young Henry Clay said in the House of Representatives in 1812,“It [wealth creation] is a passion as unconquerable as any with whichnature has endowed us. You may attempt to regulate—you cannotdestroy it.” That is supposed to be the federal government’s primary objective.It is supposed to promote the creation of an environment conduciveto the creation of wealth—not job creation, not bailouts, not subsidies,not expansion of the federal bureaucracy, and not providing lifetimesupport to those who choose not to take advantage of the innumerableopportunities that exist in this nation for them to create a better,more productive life for themselves.”

“Central planning inevitably leads to economic chaos and failure.Friedrich Hayek called the delusion that a single person or a groupof government planners could possibly possess the knowledge to planan entire economy a “fatal conceit.” The overwhelming historicalevidence is that the more freedom a nation has, the more economicopportunities will exist and the more dynamic that nation’s economywill be. Likewise, the more regulations, controls, taxes, governmentrunindustries, protectionism, and other forms of interventionism thatexists, the poorer the country will become.”

“The question is not whether we should or should not regulate; itis how much should we regulate and who the regulators shouldbe. We went overboard on deregulation under Reagan. UnderBush, many people lost in the casino. Now we have the Obamaadministration overreacting and overreaching with regulation thatdoes the exact opposite of wealth creation. If we are to have changewe can believe in, then we could start by replacing the majorityof the lawyers in regulatory agencies with actual experienced, successfulbusiness veterans. They would have recognized the early warningsigns of many of the financial debacles created by the bubble-bustcycle.”