Part One: "One of these brass oldies is a phrase that has been a perennial favorite of the left, "tax cuts for the rich." How long ago was this refuted? More than 80 years ago, the "tax cuts for the rich" argument was refuted, both in theory and in practice, by Andrew Mellon, who was Secretary of the Treasury in the 1920s."
Part Two: "Unemployment never hit double digits in any of the 12 months following the stock market crash of 1929. But it hit double digits within 6 months after government intervention-- and unemployment stayed in double digits for the entire remainder of the decade, as the government went in for one intervention after another."
Part Three: "One of the brassiest of the brass oldies in the law is the notion that the Constitution creates a "wall of separation" between church and state. This false notion has been so widely accepted that people who tell the truth get laughed at and mocked."
Thomas Sowell is a senior fellow at the Hoover Institute and author of The Housing Boom and Bust.
Shipping out jobs/ A myth pols find convenient "In fact, American companies have quite valid reasons beyond any tax advantage to establish overseas affiliates: That's how they reach foreign customers with US-branded goods and services."
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