— It’s hardly a news flash that many people who are widely regarded as lions of the pro-market side have gone over to the dark side in recent months. I am not going to name any names; if you are one of the guilty parties, you know who you are; and ...

— Capitalism is what needs a bailout. Though we often don't appreciate it, capitalism is what made this country great. It allows for the fit to succeed by allowing the unfit to fail. Let's bail capitalism out by letting the Big Three face their fates and not allowing them to become ...

— To understand the scope of Obama’s dirigiste designs, it’s useful to recall his campaign gaffe (a "gaffe," of course, is an instance in which a politician is caught candidly disclosing his intentions) in which he informed an audience in Roseburg, Oregon ...

— Not to spoil the party, but this is not a new idea. Keynesian "pump-priming" in a recession has often been tried, and as an economic stimulus it is overrated. The money that the government spends has to come from somewhere, which means from the private economy in higher taxes or ...

— There are three major problems with the events of 1913, 1944, and 1971. The first is that the Fed, the World Bank, and the IMF are allowed to create money out of nothing. This is the primary cause of global inflation. Global inflation devalues our work and our savings by ...

— Why should politicians decide who gets those resources? It's not as though congressmen using government force are better than the decentralized voluntary market at spotting the most promising investments. Far from it. They will make their decisions on the basis of political considerations, such as who gave them contributions or ...

— The unprecedented pledge of funds includes $2.8 trillion already tapped by financial institutions in the biggest response to an economic emergency since the New Deal of the 1930s, according to data compiled by Bloomberg. The commitment dwarfs the only plan approved by lawmakers, the Treasury Department’s $700 billion Troubled Asset ...

— A country cannot forever depend on a central bank to keep the economy afloat and the currency functionable through constant acceleration of money supply growth. Eventually the laws of economics will overrule the politicians, the bureaucrats and the central bankers. The system will fail to respond unless the excess debt ...

— "The announced nationalization-expropriation of the Argentine pension funds constitutes one of the most blatant acts of financial piracy in the country's recent history," wrote Claudio Loser, senior fellow at the Inter-American Dialogue, in the Latin American Advisor newsletter. "The proposed expropriation would eliminate individual savings, and convert them into a ...

— In the end, what fiscal conservatives wanted didn't turn out to matter much. As the Wall Street vapors scrambled every aspect of the 2008 presidential campaign and of George W. Bush's final days in office, no one was as angry as D.C.'s dwindling number of libertarians.

— The most politically painless way to hand out goodies, without taking responsibility for their costs, is to pass a law saying that somebody else must provide those goodies at their expense, while the politicians take credit for generosity and compassion.

— In response to concerns expressed by some that allowing even one of the big automakers to fail would be too much of an economic hit for the nation, Inhofe said reality must be accepted. "If we keep on nursing a broken system, then we can't expect to have a different ...

— Saving a shrinking union is the worst reason to bail out Detroit with taxpayer money. Unfortunately, it may be one of the strongest, politically. That's why the public needs to be enormously skeptical when it hears that bankruptcy for the Big Three would be a catastrophe for much of the ...

— It is sometimes said that agricultural subsidies benefit those with above-average incomes at the expense of taxpayers and “everyone who eats.” Although agricultural subsidies always hit taxpayers, this generalization about the effect of farm programs on food prices is incorrect. Some agricultural programs, and the associated subsidies, lead to increased ...

— "Nothing is so permanent as a temporary government program"