Interventionism

"Liquidity was the cause of the crisis, and now excess liquidity is presented as its solution!"

Instead of facing the truth and permitting not only the malinvestments to fail, but a real recovery to take shape, Obama, Krugman, and their allies are insisting that all this "perpetual motion machine" known as an economy needs is a little more spending to lubricate the gears and send it on its merry way.

A full-blown bailout of the banks responsible for making bad loans will only further an economic system of private profits and socialized losses.

The oft-used cliché in response to harsh criticisms of the country or its government is "If you don't like it, you can leave." Republicans made it much more difficult for disgruntled citizens to follow this advice; it is time to repeal this profligate legislation.

The correct road to recovery is the path to a "free and prosperous commonwealth."

Brad DeLong and Paul Krugman continue to mock the Austrian explanation for the business cycle, but their ridicule is based on their own deficient model of the economy's capital structure.

Unfortunately Obama's Road to Serfdom is not fiction and no laughing matter.

"If there is any hope for our economic future, we must come to a sound understanding of what got us here."

In sum, the "change" that Obama promised his mesmerized supporters in the election campaign, and is now in process of actually delivering, is nothing more than change from dumb to dumber and from bad to worse.

As the president signs the trillion-dollar stimulus package into law, financial networks are abuzz with investment pundits speculating on what comp