— Governors of five states urged the federal government to provide $1 trillion in aid to the country's 50 states to help pay for education, welfare and infrastructure, as states struggle with steep budget deficits amid a deepening recession.

— Treasuries recorded their biggest annual gain since 1995 as falling stocks and frozen credit markets drove investors to the relative safety of U.S. government debt. Yields of all maturities touched record lows as financial firms’ losses in the credit crisis exceeded $1 trillion and policy makers made unprecedented moves to ...

— 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 ...

— Pete Sepp, vice president of the National Taxpayers Union, said the polar bear exhibit and many of the other proposals in the report are just plain pork. "To the people supporting them, these proposals aren't a joke, but to the taxpayers funding them, yes -- this will be a joke ...

— 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 ...

— In a free society, with constitutionally limited government, the president would be a mere executive who sees to it that predictable and understandable laws are enforced. But sadly, the prestige and power of the presidency have grown, and liberty has contracted. That is not something to celebrate.

— In this case the temptation to have the government spend must be resisted because it impedes the realignment of investment and consumer demand -- for which savings are indispensable -- putting off the day of reckoning and worsening the consequences. Government spending is not guided by market signals and the ...

— Government spending fails to stimulate economic growth because every dollar Congress "injects" into the economy must first be taxed or borrowed out of the economy. Thus, government spending "stimulus" merely redistributes existing income, doing nothing to increase productivity or employment, and therefore nothing to create additional income. Even worse, many ...

— And a president certainly cannot control the economy. We, all of us, run the country. "Politicians have immense power to do harm to the economy. But they have very little power to do good," Williams says. The failure to understand this is at the root of many of our problems.

— It is incorrect to say that laissez-faire or free markets are unregulated. There is ruthless regulation, but it's not by government. Take the mortgage industry. In the absence of government interference, it is unlikely that a lender would extend a mortgage to a person with a poor credit history, making ...

— Now these proposals, at least on their face, are not on the scale of the philosophically similar proposals imposed by Hugo Chavez as president of Venezuela and by other current Latin American leaders. But they are based on the same philosophy of law and economics, namely, that it is a ...

— The myth that laissez faire exists in the present-day United States and is responsible for our current economic crisis is promulgated by people who know practically nothing whatever of sound, rational economic theory or the actual nature of laissez-faire capitalism. They espouse it despite, or rather because of, their education ...

— Far from a free-market idealist, Hoover was an ardent believer in government intervention to support incomes and employment. This is critical to understanding the origins of the Great Depression. Franklin Roosevelt didn't reverse course upon moving into the White House in 1933; he went further down the path that Hoover ...

— Both Senator Obama and Senator McCain have offered numerous proposals that are almost audacious in their economic illiteracy. As president, Senator Obama would do well to reexamine the economics of the changes he is proposing. Especially in a turbulent economy, many of his proposals exemplify exactly the kind of change ...

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