December 5, 2009 --

LPR thinks the GOP would do well to study some observations of ancient Chinese sages, in particular the counsel that economic prosperity is the fruit of low taxes and limited government, while economic distress for all but the very rich afflicts the society beset by high taxes and overreaching government.

(Please see SOURCES OF CHINESE TRADITION, "The Economic Order," Chapter X, pp.227-243. Compiled by de Bary, Chan and Watson, Columbia University Press, 1960.)