The Fed

As I have read countless analysts, including professional economists, offer “solutions” to the financial crisis, I have become more con

The consequences of inflation, higher taxes, and more regulation that result from government bailout plans, however, are sure to make losers of us all.

So when Henry Paulson argues that it is necessary to pump money into credit markets to prevent them from freezing up, he doesn't bother to realize that the money he pumps into the credit markets is coming directly out of the very same credit markets.

Economic knowledge gets more valuable as the economy worsens; but the economy worsens according to the level of political intervention — which is a function of economic ignorance.

For the economy and country to begin healing, we need capital, credibility and authority to move from the wasteful to the productive. The power elite, predictably, is attempting to achieve the exact opposite.

Personally, I am still a long-term optimist, but as a student of the Depression I know that Congress and the executive can do much damage before the long term gets here, and indeed, they can delay its arrival indefinitely.

Economic agents in general and companies in particular can only rehabilitate their finances by cutting costs (especially labor costs) and paying off loans.

It was Boetie's view that the state is the least plausible institution on earth, one that would be overthrown in a day but for propaganda and ideological error.

The Paulson Plan is one more step in the socialization of America, but it is also a great bank robbery.

"The government package is not going to rescue the economy, but it will rescue activities that the economy cannot afford and that consumers do not want."