Jeremie T.A. Rostan

According to Obama’s leading economic adviser, the current double-digit unemployment rate is obviously due to a “shortfall in aggregate demand.” The only “obvious” thing about such a diagnosis and prescription is that they are very useful to the Obama gang.

Peel back the rhetoric and see the reality: only 2 percent of all American households sometimes feel the “usual uneasy sensation” of hunger due to a lack of economic resources. This is not catastrophic.

For the enemies of freedom in general , and of the economy in particular, the recent crash has been the occasion to re-assert that markets in general, and financial ones in particular, are inherently unstable — and thus dangerous — because they are driven by irrational behaviors such as the “mimetic effect,” which, according to many experts and politicians, explains how Wall Street booms and then busts.