thr in terms of discouraging new business. we re not close to the limit. there was a time we had 70% taxation rates. joining us is mit economic professor, this year s co winner of the noble prize in economics. her book is good economics for hard times. co authored with her husband who is also the co winner of this year s nobel prize in economics. thank you very much for joining us tonight. thank you so much. it must have been so exciting for you and your husband, first husband and wife team to get the nobel prize in economics. get the phone call early sunday morning? yes. a wonderful way to be woken up at 5:00 a.m. and you have no hint it s coming. people don t realize how the nobel works. no hints whatsoever. there s no nominees. let s go to what bill gates just said. it s one of the central elements of your book. the republican argument is, of