Stephen Moore, Chief Economist at The Heritage Foundation, delivered remarks to an audience of approximately 150 at the Yankee Institute's annual Friedman Legacy Day luncheon. Moore, who served as senior economics writer for the Wall Street Journal's editorial board and founded the Club for Growth, discussed Milton Friedman's impact on American economic thought and commented on flaws in the Obama administration's economic policy.
Concluding his remarks with an analysis of Connecticut's economy, Moore declared, "If this state ever repealed its income tax [passed in 1991], growth here would take off like a rocket ship." His observations were backed with statistics not unlike those pointing out that Connecticut has had virtually no job growth since 1990 -- while government spending has increased by an eye-watering 250%!
(Below: Stephen Moore with Yankee president Carol Platt Liebau)