In anticipation of the Federal Reserve Board meeting tomorrow, Empower America co-director Jack Kemp released the following statement: "There is widespread speculation that when the Fed meets tomorrow, it will cut the fed funds rate on overnight money that banks lend to one another by another 25 basis points, to 1.75 percent. In my opinion, more interest-rate-targeting gradualism of this sort will not succeed in reversing the monetary deflation currently underway and will fail to re-ignite the economy to lift it out of recession.

In anticipation of the Federal Reserve Board meeting tomorrow, Empower America co-director Jack Kemp released the following statement: "There is widespread speculation that when the Fed meets tomorrow, it will cut the fed funds rate on overnight money that banks lend to one another by another 25 basis points, to 1.75 percent. In my opinion, more interest-rate-targeting gradualism of this sort will not succeed in reversing the monetary deflation currently underway and will fail to re-ignite the economy to lift it out of recession.

Excerpt from The Green Book. In my opinion, this is not the "normal operation of the business cycle," nor the aftermath of a "burst bubble." Asset values have collapsed across the board, especially in the high-tech sector, not because they were unreasonably high, though some were, but rather because deflationary monetary policy slammed the economy into lower gear, made promising business plans unachievable and otherwise prudent debt levels unmanageable.

As printed in The Wall Street Journal, November 19, 2001

Copley News Service, 11/14/2001 The Federal Reserve Board has been keeping monetary policy too tight and driving the economy into a deflationary recession. In late 2000, the Fed asphyxiated the economy, which was growing at more than 4 percent, by shrinking the monetary base by 3 percent and sucking the oxygen out of the marketplace.

Dear AG Cooper, As you are well aware, North Carolina Citizens for a Sound Economy (NC CSE) was unflinching in its opposition to North Carolina’s involvement in the antitrust suit against Microsoft. While Microsoft’s actions proved harmful to competitors, they provided great benefit to consumers by lowering the cost and increasing the availability of software products. Microsoft’s innovations increased familiarity with the Internet and formed a base on which to build today’s high tech economy. This impressive record of accomplishment should earn praise, not prosecution.

Dear Legislator, As families gather together across Oregon to celebrate the holidays, Oregon Citizens For A Sound Economy's (CSE's) 12,000 members wish to share our thanks with you and wish you a joyful holiday season. Additionally, we wish to share a message of hope and encouragement, and offer recommendations as you grapple with the difficulties of balancing the state's 2002 budget.

Copley News Service, 10/31/2001 In a recent letter to The Wall Street Journal, President George W. Bush's chief economic adviser, Larry Lindsey, said, "The economy needs speedy enactment of the president's (stimulus) plan to encourage both investment and consumption." I respectfully disagree. The economy requires no "stimulus" from government; what it needs is for government to cease and desist harmful policies that turned a vibrant and thriving economy into a basket case.

Sources: Heritage Foundation, Citizens Against Government Waste $800,000 New Mexico Police Athletic League $1,500,000 Conservation and management of the Bering Sea crab $350,000 Turtle Mountain Community College’s Department of Justice for “Project Peacemaker” $5,000,000 Gasification of Iowa Switch Grass $2,000,000 Idaho Accelerator Center $500,000 Recovery of Preble’s Meadow Jumping Mouse $50,000 Indian Arts and Crafts Board $2,000,000 Vulcan monument