Corporate Welfare

Social order is like barbecue. Both are defined in the process of their emergence.

So no matter what GDP numbers the Commerce Department spins out, the interest rate Chairman Bernanke controls will stay low "for an extended period."

Until corporate welfare takes a backseat to real, proven solutions that help stateside consumers save a bundle at the pump (and help our less-prosperous allies financially), corn will remain king.

The predator state cannot be tamed. Only when the public withdraws its consent will the predations come to an end.

"Instead of buying up toxic assets, the TARP money was used to partially nationalize the banking industry."

"It was the hidden hand of government that failed, not the market."

"Preventing trade means that we use more resources to produce less wealth."

However, there are many more losers than winners under the current state of affairs; and adding more government provisions would only increase the costs for taxpayers and insurance consumers.

"The bailouts, in fact, were an example of government intervention to prevent the free market from holding CEOs accountable."

Presented by Walter Block at “Recovery or Stagnation?,” the Mises Circle in San Francisco; sponsored by Mark L.