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The state of the West (with reference to George Shultz, Eisenhower, Buzz Lightyear, George Strait, the San Francisco Fed and Adam and Eve)

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  • Richard W. Fisher

Abstract

Remarks before the State of the West Symposium, Stanford, California, November 15, 2012 ; "Yes, Texas has a low propensity of social services, and employment growth should not be the only criterion for evaluating a state's performance. But we must remember that economic growth is the foundation for the other goals and aspirations a society may have. You cannot pay for social services unless you have the tax revenue to do so. You cannot have tax revenue unless you have sources from whom to collect it. And the best revenue source of all is a citizenry that is fully employed and an economy that is prosperous."

Suggested Citation

  • Richard W. Fisher, 2012. "The state of the West (with reference to George Shultz, Eisenhower, Buzz Lightyear, George Strait, the San Francisco Fed and Adam and Eve)," Speeches and Essays 125, Federal Reserve Bank of Dallas.
  • Handle: RePEc:fip:feddsp:125
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