“Misguided tax hikes on businesses and individuals that discourage saving and diminish funds for private investment must be avoided. Neglecting this legislation’s adverse impact on capital accumulation means robbing future prosperity for the sake of the present social ends.” ~ Theodore A. Gebhard
“Misguided retaliation that would eliminate the advantages that cheaper Chinese goods offer would result in unnecessary self-inflicted costs and forgone benefits to the American economy.” ~ Theodore A. Gebhard
“I suspect that, in a prosperous and growing economy, questions of ‘fairness’ will lose much of their political cachet and recede to the academic lounges where they belong.” ~ Theodore A. Gebhard