San Diego, California Talk Radio Station - 760 KFMB AM - 760kfmbTwo must reads from this morning

I feel like Mikey from the Goonies! This new book translated for the first time a bunch of letters written by Bastiat. It's like we've found a whole new trove of knowledge! Like this gem:

"Poor people! How much disillusionment is in store for them! It would have been so simple and so just to ease their burden by decreasing their taxes; they want to achieve this through the plentiful bounty of the state and they cannot see that the whole mechanism consists in taking away ten to give it back eight, not to mention the true freedom that will be destroyed in the operation!"

California is a donor state. For every dollar in federal taxes paid by Californians, we only get 78 cents back in federal expenditures. Federal government takes 10 and gives back 8!

We talked at 8:00 about all of the hidden taxes that poor people pay. The worst of them all is inflation, but don't worry, Alan Greenspan says we can just print more money:

http://media.worldnow.com/kfmbam/podcast/the_mike_slater_show_5030.mp3

http://www.youtube.com/watch?v=q6vi528gseA

Here are the three MUST READ essays we talked about this morning:

The Law

Economics in One Lesson

What Is Seen and What Is Not Seen

They're all free!