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Jim Cook

 

RUNAWAY SOCIAL SYMPATHY

Every once in a while I switch the TV channel from Fox to CNBC to see what the liberals are saying.  After listening awhile I get a deep sense of hopelessness and foreboding for our country.  The most important thing for the left is giving money to people.  They are happy to see the growth of food stamps, disability payments, housing subsidies, free healthcare and all the other welfare benefits.  They utterly fail to see the damage it is doing to the recipients.  Whole cities that once flourished have deteriorated into rotting eyesores populated with shambling hulks of chemically dependent drones.  These people are no longer employable.  They have become incompetent and helpless and the liberals can’t see that it’s their doing.

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The Best of Jim Cook Archive

 
Great Quotes archive print

December 31, 2009

“If credit expansion, protectionism, and government spending were a path to prosperity, mankind would have long ago created heaven on earth.”

Llewellyn H. Rockwell, Jr.

“Every political creation of new money transfers wealth from workers and savers to those who are spending in the market place newly created monetary units which no one has earned.”

Percy L. Greaves, Jr.

“The greatest destroyer of capital, the greatest anti-capitalist, and therefore the greatest detractor to mankind is the state.”

Jerome F. Smith

“Taxation of earnings from labor is on a par with forced labor.”

Robert Nozick

“The only real cure for poverty is production.”

Henry Hazlitt

December 30, 2009

“America’s belated embrace of government health care is going to be far more expensive and disastrous than the Euro-Canadian models.  Whatever one’s philosophical objection to the Canadian health system, it is, broadly, fair:  Unless you’re a cabinet minister or a big time hockey player, you’ll enjoy the same equality of crappiness and universal lack of access that everybody else does.  But, even before it’s up-and-running, Pelosi-Reid-Obamacare is an impenetrable thicket of contradictory boondoggles, shameless payoffs and arbitrary shakedowns.”

Mark Steyn

“There’s no doubt in my mind that we’ll have a mania in gold.  And because the gold and especially silver markets are so tiny, the rush into them will be like trying to push the contents of Hoover Dam through a garden hose.  Our positions will go absolutely ballistic.”

Doug Casey

“The ongoing weakening of annual growth in M3 – highly likely to have turned negative year-to-year in December (on both a nominal and real basis) – would, in normal times, indicate a looming recession in 2010.  Ahead like a deepening depression and likely new efforts by the Fed and the Administration to address the ongoing and still-intensifying liquidity and economic woes.”

John Williams

“The only way to break the cycle of unwed motherhood, fatherless children, poverty, crime, and welfare is to recognize that welfare causes more problems than it cures.”

David Boaz

“What is the most effective, practical way of raising the wealth of nations? What causes wealth? I have come to think that the dream of democratic socialism is inferior to the dream of democratic capitalism, and that the latter’s superiority in actual practice is undeniable.”

Michael Novak

December 29, 2009

“In Canada, once the wait times for MRIs and hip surgery start creeping up over two years, the government distracts the citizenry with a Royal Commission appointed to study ‘reforms’ which reports back a couple years later usually with recommendations to ‘strengthen’ the government’s ‘commitment’ to every Canadian’s ‘right’ to health care by renaming the Department of Health the Department of Health Services and abolishing the Agency of Health Administration and replacing it with a new Agency of Administrative Health Operations which would report to a reformed Council of Health Policy Administrative Coordination to be supervised by a streamlined Public Health Operations & Administration Assessment Bureau.”

Mark Steyn

“No one in Washington realizes you can’t borrow money endlessly.”

Porter Stansberry

“In the U.S., 108 million productive people are supporting 200 million drones.”

Ty Andros

“The stark truth is that as long as the welfare state makes it possible for young women – or teenage girls – to have children without a husband and survive without a job, out-of-wedlock births will remain ruinously high, and the inner city will continue to be marked by crime, poverty, and despair.”

David Boaz

 

“You slight yourself when you’re easily slighted.”

James Cook

December 23, 2009

 

“All Marxist states are tyrannical.”

Claude Cartaginese

“Governments, attempting to please a small percentage of their citizens by protecting them from foreign competition, push their populations toward poverty. A country that protects farmers does so at the expense of all who eat. A country that protects auto workers does so at the expense of all who drive. Free trade, on the other hand, enlarges markets and creates prosperity everywhere it is tried.”

Thomas G. Donlan

“They may often be wrong, these fearless liberal reporters, but they are rarely in doubt. Once they ran doomsday stories about cataclysmic catastrophes that would surely be brought on by global cooling. Now they run stories about cataclysmic catastrophes that will just as surely be brought on by global warming."

Bernard Goldberg

“Those who torment us for our own good will torment us without end, for they do so with the approval of their consciences.”

C. W. Lewis

“The dangers of war in the modern era have encouraged the state and its intellectual allies to look for more trumped-up emergencies and ‘moral equivalents of war’ to rally the citizenry and persuade them to give up more of their liberty and their property to the state’s plans. Thus we’ve had the War on Poverty, and the War on Drugs, and more crises and national emergencies than a planner could count on a super-computer. One advantage of these ‘moral equivalents of war’ is that real wars eventually end, while the War on Poverty and the War on Drugs can go on for generations. And thus does the alliance between the state and its compliant intellectuals reach its zenith in war or its moral equivalent.”

David Boaz

December 22, 2009

“As oceans of fiat currencies are created, it will be seen that the nations issuing these currencies will be piled high with liabilities.  The result – all central bank paper will be suspect.  There is only one money that is not someone else’s liability – and that’s gold.  Gold is not a product or a liability of any one nation.  Gold is wealth on its own.  In time, savers and investors will understand that.  Once that’s understood, there will be a panic to own real money – gold.”

Richard Russell

“We should fight for a pure gold standard, the old-fashioned form, because it worked!  And not just for fiscal reasons!  It forced nations to limit their debt, spending and socialist schemes, which meant sound behavioral habits were formed around those limitations, and those habits rubbed off on everyone.  People were more honest, moral, decent, kind because the system was honest and moral.  Cause and effect.  Today we have cause and effect of the opposite standard: no limits on what governments can do, control, dictate; no limit on government debt.”

Harry Schultz

“We cannot learn without pain.”

Aristotle

“The enemy and his allies are now at the gates of the capitalists’ fortress. Is there any hope that the businessman will finally sense the danger to himself and the system of which he is a part and rise to meet the challenge?”

Benjamin A. Rogge

“The more money spent by government to address social injustice the greater the cries of social injustice.”

James Cook

December 21, 2009

“With red ink as far as the eye can see on U.S. shores, we’ve clearly lost the moral authority on financial stewardship.”

Michael Berry

“The left’s inability to understand the most basic economic fact – that people need an incentive to produce – has caused the unnecessary deaths of tens of millions of people – mostly poor – in the last 75 years.   But thanks to a politically corrupted media and educational system, their pigheaded pursuit of socialist fantasies goes on.”

David Horowitz

“From my point of view it will be impossible for the U.S. to ever repay its debts and the future is likely to hold more dollar debasement and eventual default when foreigners begin refusing to loan the U.S. money and buy U.S. debt.  For me it is not a matter of IF this will happen, but when.”

Jason Hamlin

“The national budget must be balanced. The public debt must be reduced: the arrogance of the authorities must be moderated and controlled. Payments to foreign governments must be reduced, if Rome doesn’t want to become bankrupt. People must again learn to work, instead of living on public assistance.”

Marcus Tullius Cicero

“Democratic government has this fundamental problem: In broad terms, 20 percent of the people do most of the productive work and create most of the nation’s wealth, but the other 80 percent command a heavy majority of votes.”

Thomas G. Donlan

December 18, 2009

“The totalitarian phenomenon is not to be understood without making an allowance for the thesis that some important part of every society consists of people who actively want tyranny: either to exercise it themselves or – much more mysteriously – to submit to it.”

Jean-Francois Revel

“The world is now being flooded with fiat currencies.  Ultimately, these currencies have to be devalued against some stable standard.  That standard is gold.  World deflation and accompanying devaluation will boost the competitive value of gold.  In the end, investors and savers will distrust all fiat currencies.  There’s too damn much of it, and the stronger the deflation, the more fiat currencies will be created to fight the deflation.”

Richard Russell

“Every time a group of scientists produce a mathematical model on which depends some economically serious outcome, decision-makers must hire a rival team of scientists, promising to reward them richly should they prove the model to be rubbish.  Only by bringing the icy blast of competition to the overstuffed halls of academia can spurious computer-generated mathematics be fought off.  Otherwise, it threatens our civilization.”

Martin Hutchinson

“You can have a strong government and a weak people, or strong people and weak government, but you cannot have both.”

Robert Ringer

“Nothing’s worse than a business person who sells out to the left, if you’re a capitalist, stand up and be counted.”

James Cook

December 17, 2009

“Freedom and equality are sworn and everlasting enemies; when one prevails, the other dies.”

Will Durant

“The problem with Republicans is that they always appear as defenders of the free market and capitalism, and they are the worst enemies of it.  They do all the things the Democrats would do, just with different rhetoric that discredits the free market system  . . .

Doug Casey

“Why is it that you and I, as well as others, who know so little are able to obtain so much? From whence comes this enormous knowledge that does not remotely exist in any one of us?”

Leonard Read

“There is in the theory of the free society nothing which militates against associations of working men, [however,] trade unions as we now know them are incompatible with a free society and could become one of the foremost destructive forces we have ever encountered, if indeed they have not already become such.”

Sylvester Petro

“The only time you can have maximum economic progress is when social programs don’t exist.”

James Cook

December 16, 2009

“Government is an apparatus of compulsion and coercion.”

Ludwig von Mises

“The intellectual finds it reassuring to say that the businessman gets his money by luck; or monopoly, or exploitation, or dishonesty, or what have you. As a matter of fact, the truly dishonest man will last longer in college teaching or the ministry than he will in the business world."

Benjamin A. Rogge

“No one has more than scratched the surface when it comes to understanding and explaining the miracle of the market.”

Leonard Read

“Government employees cannot consistently and simultaneously serve both the public and their union leaders.”

Sylvester Petro

“One thing is certain. At some point global investors will lose confidence in our (U.S.) easy dollars and debt-financed prosperity, and then the chickens will come home to roost.”

David A. Stockman

 

December 11, 2009

 “Only in situations where competition is illegal will competition not act naturally to bring the best product at the lowest price to the consumer.”

John A. Pugsley

“There is an intrinsic linkage between socialism and economic inefficiency.”

Peter L. Berger

“Failure is a big part of a free market’s success. People fail to live up to their potential, or to carry out all their good intentions, in all kinds of economic and political systems. Capitalism makes them pay a price for their failures, while socialism, feudalism, fascism and other systems enable personal failures, especially by those at the top, to be ignored.”

Thomas Sowell

“Any attempt to expand the public sector beyond a certain point will backfire: if the private sector is squeezed too hard, government revenues will dry up.”

Joshua Muravchik

“The one thing that flies in the face of all human history and experience, is that the government can do a superior job than the private sector.”

James Cook

December 10, 2009

“The kind of person who wants the government to adopt and enforce his ideas is always the kind of person whose ideas are idiotic.”

H. L. Mencken

“East Asia confirms the superior capacity of industrial capitalism in raising the material standard of living of large masses of people.”

Peter L. Berger

“Government central planning means over-riding other people’s plans.”

Thomas Sowell

“It isn’t possible to give government just a little control over the economy and our lives. Once we cede that power to government, it uses the power to take more from us. That’s why every year the government controls more of our lives.”

Harry Browne

“Any attempt to expand the public sector beyond a certain point will backfire: if the private sector is squeezed too hard, government revenues will dry up.”

Joshua Muravchik

December 9, 2009

“Capitalism has been one of the most dynamic forces in human history, transforming one society after another, and today it has become established as an international system determining the economic fate of most of mankind.”

Peter L. Berger

“It is no longer a question of whether there is a tendency or a tilt to the left; the faculties of American universities and colleges are overwhelmingly leftist.”

Martin Anderson

“Killing the goose that lays the golden egg is a viable political strategy, so long as the goose does not die before the next election.”

Thomas Sowell

“The marketplace is a wondrous institution. It harnesses the self-interest of each of us and puts it to work for the benefit of all. And it does so without intruding upon our desires, our privacy, or our freedom. It is regulation by reality, not by coercion.”

Harry Browne

“Once empowered, socialism refused to yield its promised rewards. The more dogged the effort to achieve it, the more the outcome mocked the humane ideals it proclaimed.”

Joshua Muravchik

December 8, 2009

“The strategy of fueling bigger bubbles in order to counter the recessionary effects of bursting bubbles, - peppered with carry trades, moral hazard, and the suppression of interest rates, - is at the core of the Greenspan-Bernanke blueprints to monetary policy.  That is to say, when bubbles are inflating, - do nothing, but after they burst, flood the system with paper money to rescue the financial system.”

Gary Dorsch

“All the stuff that makes life worth living is produced privately, and all that the government does is slow down the progress of civilization and bring destruction and disaster wherever it goes.”

Lewellyn Rockwell, Jr.

“Socialized medical systems have not served to raise general health or living standards anywhere.  In fact, both analytical reasoning and empirical evidence point to the opposite conclusion.  But the dismal failure of socialized medicine to raise people’s health and longevity has not affected its appeal for politicians, administrators, and their intellectual servants in search of absolute power and total control.”

Yuri N. Maltsev

“If a socialist economy is opened up to increasing degrees of market forces, a point will be reached at which democratic governance becomes a possibility."

Peter L. Berger

“The idea that government can instruct private enterprise on how to eliminate waste is preposterous.”

James Cook

December 7, 2009

“Anyone who understands the history of fiat money knows that eventually the value of the fiat money ALWAYS GOES TO ZERO!”

Greg McCoach

“Size of industry, concentration of market, or production notwithstanding, the consumer is best served when the businessman is completely free to pursue his profit goals.”

John A. Pugsley

“If a capitalist economy is subjected to increasing degrees of state control, a point will be reached at which democratic governance becomes impossible.”

Peter L. Berger

“The traditional American ideal sought to meld together disparate races and creeds under a shared commitment to the values of freedom, justice, and equality. In practice, that ideal has never been fully realized, and has often excluded significant portions of the population. Nevertheless, it provides what is perhaps the best hope for a genuinely multicultural society, balancing unity with diversity. In contrast, the politics of difference emphasizes not what we have in common but rather what divides us.”

Charles J. Sykes

“It is no longer a question of whether there is a tendency or a tilt to the left; the faculties of American universities and colleges are overwhelmingly leftist.”

Martin Anderson
               

December 4, 2009

“Whatever men live for, today most live only because of the market order.”

Friedrich Hayek

“Monopoly power is an illusion in any system in which free competition is allowed.”

John A. Pugsley

“In all advanced industrial societies, education has become the single most important vehicle of upward mobility.”

Peter L. Berger

“Civil rights are not necessarily best protected by endlessly extending our definitions of oppression and discovering new classes of victims. The way back to sanity is clear enough: The weight of the law should be brought to bear against individual acts of discrimination rather than used to create blanket group entitlements.”

Charles J. Sykes

“A salesman sees a commission.”

James Cook

December 3, 2009

“Any time you read that your government is erecting tariff barriers, supporting threatened industries with subsidies, or interfering in any way with free trade between individuals or nations, you must realize that your standard of living is being lowered as a result.”

John A. Pugsley

“Without the rich – without those who accumulated capital – those poor who could exist at all would be very much poorer indeed, scratching a livelihood from marginal lands on which every drought would kill most of the children they would be trying to raise.”

Friedrich Hayek

“An economy oriented toward production for market exchange provides the optimal conditions for long-lasting and ever-expanding productive capacity based on modern technology.”

Peter L. Berger

“America’s obsession with litigation has proven an onerous burden on the nation’s enterprise; the proliferation of lawyers and causes of action threatens to strangle the economy while further fraying out already tattered social fabric.”

Charles J. Sykes

“No government can provide social security. It is not in the nature of government to be able to provide anything. Government itself is not self-supporting. It lives by taxation. Therefore, since it cannot provide for itself but by taking toll of what the people produce, how can it provide social security for the people?”

Garet Garrett

December 2, 2009

“Daniel Yergin, writing in Foreign Policy, says ‘careful examination of the world’s resource base. . .indicates that the resource endowment of the planet is sufficient to keep up with demand for decades to com.’  Such good news horrifies people who relish scarcity because it requires – or so they say – government to ration what is scarce and to generally boss people to mend their behavior: ‘This is the police!  Put down that incandescent bulb and step away from the lamp!’  Today, there is a name for the political doctrine that rejoices in scarcity of everything except government.  The name is environmentalism.”

George Will

“It makes no difference to a widow with her savings in a 5 percent passbook account whether she pays 100 percent income tax on her interest income during a period of zero inflation or pays no income tax during years of 5 percent inflation.  Either way, she is ‘taxed’ in a manner that leaves her no real income whatsoever.  Any money she spends comes right out of capital.  She would find outrageous a 100 percent income tax but doesn’t seem to notice that 5 percent inflation is the economic equivalent.”

Warren Buffet

“Capitalism created the possibility of employment.”

Friedrich Hayek

“If government will pay for my health care, rent, food and retirement, why should I worry about paying my own bills?”

Roger Fritz

“The consumer gets the best deal when the product is cheapest, and the product is cheapest when people can freely compete in the market place.”

John A. Pugsley

November 25, 2009

“Whatever the future may hold, one thing is clear: The era of the dollar is drawing to an end.  Saddled with debts that government cannot make possibly good on, the greenback has lost the world’s trust.”

Vasko Kohlmayer

“The idea of Socialism is at once grandiose and simple… We may say, in fact, that it is one of the most ambitious creations of the human spirit, … so magnificent, so daring, that it has rightly aroused the greatest admiration. If we wish to save the world from barbarism we have to refute Socialism, but we cannot thrust it carelessly aside.

Ludwig von Mises

“What is worth anything but as much money as it will bring?”

Samuel Butler

“Socialism constitutes a threat to the present and future welfare of the human race, in the sense that neither socialism nor any other known substitute for the market order could sustain the current population of the world.”

Friedrich Hayek

“If government will pay for my health care, rent, food and retirement, why should I worry about paying my own bills?”

Roger Fritz

November 24, 2009

“State interference in economic life, which calls itself ‘economic  policy’ has done nothing but destroy economic life.”

Ludwig von Mises

“For America’s friends the short version of the hopeychangey era to date is last week’s cover story at the London Spectator showing an empty suit in the Oval Office over the headline ‘The Worst Kind Of Ally.’”

Mark Steyn

“The dispute between the market order and socialism is no less than a matter of survival. To follow socialist morality would destroy much of present humankind and impoverish much of the rest.”

Freidrich Hayek

“Men are qualified for civil liberties, in exact proportions to their disposition to put moral chains upon their appetites: in proportion as their love of justice is above their rapacity.”

Edmund Burke

“At times life becomes too busy for religious thoughts.”

James Cook

November 23, 2009

“Capital is not a free gift of God or of nature.  It is the outcome of a provident restriction of consumption on the part of man.  It is created and increased by saving and maintained by the abstention from dissaving.”

Ludwig von Mises

“The reason why the world’s leftists give the world’ s most horrible murderers a pass is because they sympathize with their socioeconomic goals, which include government ownership and/or control over the means of production.  In the U.S., the call is for government control, through regulations, as opposed to ownership.”

Walter Williams

“No nation in the world can run a balance-of-payments deficit without paying it back or without the consequences of its excess consumption having been paid for by others.”

C. V. Myers

“There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose."

John Maynard Keynes

“Rapid increases in the quantity of money produce inflation. Sharp decreases produce depression.”

Milton Friedman

November 20, 2009

“Whether it’s the academic community, the media elite or politicians, there is a great tolerance for the ideas of socialism – a system that has caused more deaths and human misery than all other systems combined.”

William Walters

“Nazis were responsible for the deaths of 20 million of their own people and those in nations they conquered.  Between 1917 and 1983, Stalin and his successors murdered, or were otherwise responsible for the deaths of, 62 million of their own people.  Between 1949 and 1987, Mao Tsetung and his successors were responsible for the deaths of 76 million Chinese.”

Alan Kors

“Ben Bernanke on his own (and his predecessor Alan Greenspan) bears a large share of responsibility for the 2008 crash, but the Bernanke/Obama combination is potentially even more dangerous.  If expansionary and fiscal policies are pursued regardless of market signals, the U.S. will head towards Weimar-style trillion-percent inflation.”

Martin Hutchinson

“Modern liberalism undermines the family, the institution best able to rear children and care for the elderly. Its welfare programs preempt charitable activities and community altruism through government welfare programs.”

Lyle H. Rossiter, Jr.

“Liars seldom believe anyone else.”

James Cook

November 19, 2009

“Under the specious pretext of effecting ‘the happiness of the whole community,’ nearly all the wrongs and intrusions of government has been carried through.”

Walt Whitman

“A great civilization is not conquered from without until it has destroyed itself from within. The essential causes of Rome’s decline lay in her people, her morals, her class struggle, her failing trade, her bureaucratic despotism, her stifling taxes, her consuming wars.”

Will Durant

“Individuals have rights, and there are things no person or group may do to them (without violating their rights). So strong and far-reaching are these rights that they raise the question of what, if anything, the state and its officials may do.”

Robert Nozick

“Modern liberalism devalues voluntary cooperation in favor of government coercion and invalidates freely made contractual agreements.”

Lyle H. Rossiter, Jr.

“If the U.S. government had had its current philosophy and power a hundred years ago, it would have tried to keep the carriage and buggy whip industries on life support.”

Doug Casey

November 18, 2009

“In the string of amazing decisions made during the first year of the Obama administration, nothing seems more like sheer insanity than the decision to try foreign terrorists, who have committed acts of war against the United States, in federal court, as if they were American citizens accused of crimes. Terrorists are not even entitled to the protection of the Geneva Convention, much less the Constitution of the United States.  Terrorists have never observed, nor even claimed to have observed, the Geneva Convention, nor are they among those covered by it.”

Thomas Sowell

“With current Fed policy, gold is headed rapidly toward $2,000 per ounce, probably within six months.  The forecasters who see such a price, but suggest it would take four to five years to get there, are ignoring history.  Since gold was able to get from $185 to $850 in 18 months in 1978 – 1980, there is no reason why it cannot get from $1,100 to $2,000 in six months now.  What’s more, although 1980’s peak seemed madness at the time, and was equivalent to nearly $2,400 today, there is no reason why gold cannot go much higher if it is given another year or so to get there.”

Martin Hutchinson

“The hard truth, folks, more plainly apparent with each passing day, is that today’s ‘mainstream’
Democrats have been exposed as radical leftists, whose agenda is overwhelmingly rejected by a vast majority of Americans.”

David Limbaugh

“Instead of promoting a rational society of competent adults who solve the problems of living through voluntary cooperation, the modern liberal agenda creates an irrational society of child-like adults who depend upon governments to take care of them.”

Lyle H. Rossiter, Jr.

“It is only the novice in political economy who thinks it is the duty of government to make its citizens happy – government has no such office.”

Walt Whitman

November 17, 2009

“In our age there is no such thing as ‘keeping out of politics.’  All issues are political issues, and politics itself is a mass of lies, evasions, folly, hatred and schizophrenia.”

George Orwell

“Don’t believe anything until it has been officially denied.”

Anonymous

“Senate Finance Committee Democrats have specifically rejected a Republican proposal requiring immigrants signing up for health insurance or tax credits under Obamacare to prove their identities with photo identification.”

David Limbaugh

“The best guarantee against all exploitation is the market.”

Henri Lepage

“Management is simple, innovation is hard.”

James Cook

November 12, 2009

“On one side stand conservative talk radio, Investor’s Business Daily and some conservative/libertarian publications, writers, bloggers and, yes, Fox News.  On the other stand The New York Times, the Los Angeles Times, The Washington Post, the San Francisco Chronicle, The Atlanta Journal-Constitution and even the news section of The Wall Street Journal, as well as the editorial pages of virtually every big-city newspaper.  It includes PBS, NPR, NBC, ABC, CBS, CNN and MSNBC.  In the 1992 presidential election for example, almost 90 percent of Washington-based journalists admitted to voting for Bill Clinton for president.

“Because Fox News is allegedly biased in favor of conservatives, critics whine like children whose lunch money got snatched.  Conservatives have been pummeled for decades.  Now that Fox News and conservative talk radio give people alternatives, critics squeal as if being sodomized.”

Larry Elder

“The Ft. Hood killings are the chickens of the left coming home to roost.  Already the chief political correspondent of The Nation has decried even mention of the fact that the jihadist killer Hasan is a Palestinian Muslim.  According to The Nation that is ‘Islamophobia.’  This fatuous attempt to protect America’s enemies carries on The Nation’s 60-year tradition as the leading fifth column collaborator with America’s enemies – defender of the Rosenbergs, defender of Hiss, defender of their boss Stalin, defender of Mao, defender of Castro and now defender of Islamic terrorists.  But The Nation is only the tip of an iceberg.  The fifth column formed out of the unholy alliance between radical Islam and the American left is now entrenched in the White House and throughout our government. And in matters like Muslim jihadist Major Hasan our military is its captive.”

David Horowitz

“The greed and envy of the nonproducer is insatiable, so that eventually nothing short of 100% taxation will appease him.”

Robert Ringer

“In love or war or politics, or religion, or morals it is impossible to foretell how mankind will act, … But once place a man’s ear within the ring of pounds, shillings, and pence, and his conduct can be counted on to the greatest nicety.”

Robert Lowe

“There is a flaw in the operation of representative government. The flaw produces the growth of government.”

Allan Meltzer

November 11, 2009

“A second collapse affects everyone, not just the bubble speculators, and it also suggests to the public that all the efforts to fight the downturn to that point – all the monetary easing, the low interest rates, quantitative easing – they all failed  and even fiscal policy failed.  Once that kind of mindset sets in, it becomes 10 times more difficult to get the economy going again.”

Richard Koo

“Fox News seems much more conservative than it is because no other television network over the past half-century has been anything but decidedly liberal.  When the media norm is liberal, liberals equate liberalism with objectivity and deviations from it as bias, just as liberals preach tolerance toward all ideas – except conservative ones.  Their self-delusion is surreal.”

David Limbaugh

“Obama’s Nobel Peace Prize is an exquisite act of condescension from Norwegians, a dog biscuit and a pat on the head to the American hyperpower for agreeing to spay itself into a hyperpoodle.”

Mark Steyn

“The government cannot have my dog. Don’t tell that to the authors of the new book ‘Time to Eat the Dog?: The Real Guide to Sustainable Living.’ They calculate that dog owning is much worse than SUV driving for the planet.  So when you see a car heading to the dog park with some happy labs drooling out the window, you should think ‘climate criminal.’”

Jonah Goldberg

“U.S. policymakers have ramped up the money supply so dramatically and so rapidly that it seems impossible at this point to avoid nasty hyperinflation.  Americans may not experience hyperinflation as severe as anything seen in Weimar Germany, Zimbabwe, or Brazil, but by American standards it is going to be awful.”

Matthew Vadum

November 10, 2009

“It does say something about a society when those who sue physicians and hospitals make as much or more money than those who heal disease.  It says something about a society when it glorifies and rewards those who litigate while it demonizes and punishes those who produce the drugs and devices that keep it citizens alive and well.”

Dennis Prager

“Defend Fox from the likes of Anita Dunn?  She’s been attacked for extolling Mao’s political philosophy in a speech at a high school graduation.  But the critics miss the surpassing stupidity of her larger point:  She was invoking Mao as support and authority for her impassioned plea for individuality and trusting one’s own choices.  Mao, as champion of individuality?  Mao, the greatest imposer of mass uniformity in modern history, creator of a slave society of a near-billion worker bees wearing Mao suits and waving the Little Red Book?”

Charles Krauthammer

“Americans who believe their government should not be a giant ATM, dispensing money and benefits to people who have not earned them, and who want their country returned to its founding principles, must now exercise that power before it is taken from them.  The Tenth Amendment is one place to begin.  The streets are another.  It worked for the Left.”

Cal Thomas

“Barack Obama has not only said that he is out to ‘change the United States of America,’ the people he has been associated with for years have expressed in words and deeds their hostility to the values, the principles and the people of this country.”

Thomas Sowell

“Today’s liberal mindset has more in common with Karl Marx than Thomas Jefferson.  It was Jefferson who said, ‘I predict future happiness for Americans if they can prevent the government from wasting the labors of the people under the pretense of taking care of them.’”

James Cook

November 9, 2009

“A successful overthrow of the nearly nuclear mullahs in Iran would be the greatest boon to world peace and stability since the fall of the Berlin Wall.  After this week’s events, it can no longer be said that the Obama administration isn’t doing enough to support the opposition.  The people of Tehran’s streets know the truth – he’s effectively supporting the regime.”

Mona Charen

Waiting weeks to get an MRI to find out why you are sick, and then waiting months for an operation as happens in countries with government-run medical systems, can be not only painful but dangerous.

“You can be dead by the time they find out what is wrong with you and do something about it.  But that will ‘bring down the cost of medical care’ because you won’t be around to require any.”

Thomas Sowell

“Demagoguery beats data in politics.”

Dick Armey

“President Obama will not make the deployment decision until after a congressional vote on health care reform.  The vote is too close and he needs every far-left congressman and every far-left senator voting on his side.  He can’t afford to alienate them by approving a broader war in Afghanistan.

“The delay is not entirely about socialized medicine, however.  For Barack Obama, everything in his agenda to reorganize the American economy along more collectivist lines take precedence over a far-away war that smells vaguely like it is the product of American exceptionalism.”

Robert Tracinski

“Something more sinister is afoot in Mr. Obama’s carefully plotted campaign to destroy his perceived enemies in the press, television and even business.  Rush Limbaugh is only the face of the opposition, and the ultimate target of the White House scheme is to marginalize and destroy the Republican Party first, and then everyone else unwilling to get in the lockstep parade toward the hazy dream of Utopia.”

Wesley Pruden

November 6, 2009

“Obama’s actions [on Afghanistan] show the drag of his leftist sense of life.  Under the enormous pressure of the office ‘leader of the free world,’ he finds that his ‘gut’ – his deepest psychological core – won’t let him make the decision to order the effective use of American military power. . . . .this is the consequence of promoting to commander-in-chief a man who spent his entire youth and all his formative experiences among the hard-core, anti-American left.”

Robert Tracinski

“No president in modern times has come to power with less political experience or less managerial experience.  On the other hand, no president has come to power with a clearer record of political extremism.  As senator, Barack Obama had the most left-wing voting record in the Senate. . . .”

Bob Tyrrell

“Not only does the liberal paradigm not even come close to agreeing with the social and economic reality on the ground today, worse, it has largely congealed into a political religion. . .”

John Steele Gordon

“A political party cannot be all things to all people.  It must represent certain fundamental beliefs which must not be compromised to political expediency, or simply to swell its numbers.”

Ronald Reagan

“The more successful an organization becomes, the more difficult it is to deal with.”

James Cook

November 5, 2009

“Mystical references to society and its programs to help may warm the hearts of the gullible but what it really means is putting more power in the hands of bureaucrats.”

Thomas Sowell

“The reason this country continues its drift toward socialism and big nanny government is because too many people vote in the expectation of getting something for nothing, not because they have a concern for what is good for the country.”

Lyn Nofziger

“Both parties have done their part to create the fiscal mess.  Both parties ought to agree to deal with it.  But both find it to their advantage to simply point fingers at the other.”

Mort Kondracke

“Thomas Jefferson despised newspapers, with considerable justification.  They printed libels and slanders about him that persist to the present day.  Yet he famously said that if he had to choose between government without newspapers and newspapers without government, he would cheerfully choose to live in a land with newspapers (even not very good ones) and no government.”

Wesley Pruden

“Fox News is no monopoly.  It is a singular minority in a sea of liberal media.  ABC, NBC, CBS, PBS, NPR, CNN, MSNBC vs. Fox.  The lineup is so unbalanced as to be comical – and that doesn’t even include the other commanding heights of the culture that are firmly, flagrantly liberal:  Hollywood, the foundations, the universities, the elite newspapers.”

Charles Krauthammer

November 4, 2009

“Does the U.S. Constitution stand for anything in an era of government excess?  Can that founding document, which is supposed to restrain the power and reach of a centralized federal government, slow down the juggernaut of czars, health insurance overhaul and anything else this administration and Congress wish to do that is not in the Constitution?”

Cal Thomas

“Democrats have always wanted to grow government with revenues from our society’s producers.  They aren’t sincere about reducing the deficit, because they will not abandon their addiction to spending other people’s money.”

David Limbaugh

“If the 1,990-page House Health Care Bill becomes law, the average American will receive worse health care, American physicians will decline in status and income, American medical innovation will dramatically slow down and pharmaceutical discoveries will decline in number and quality.  And, of course, the economy of the United States will deteriorate, perhaps permanently.”

Dennis Prager

“Democracy and socialism have nothing in common but one word, equality.   But notice the difference:  while democracy seeks equality in liberty, socialism seeks equality in restraint and servitude.”

Alexis de Tocqueville

“Mystical references to society and its programs to help may warm the hearts of the gullible but what it really means is putting more power in the hands of bureaucrats.”

Thomas Sowell

November 3, 2009

“The United States and its Western allies ignore the threat of jihad, a threat now on a global level unimagined in 1979 when Soviet tanks rolled into Kabul. ‘We miniaturize the challenge,’ writes Andrew C. McCarthy at National Review Online.  ‘Thus, the war is said only to be in Afghanistan.  The ‘challenge’ is framed as isolating a relative handful (of extremists) rather than confronting the fact that tens of millions of Muslims despise the West.’  And even worse, the fact that tens of millions of Muslims work to assuage their feelings by following and imposing Islamic law across the West.”

Diana West

“The populist zeal to seek revenge on those who make a lot of money is targeted almost exclusively at corporations.  I haven’t heard outcries about Hollywood actors who make millions per film, even when those movies are a bust at the box office and the talent at issue has none.  There’s no outrage over athletes like New York Yankees third baseman Alex Rodriguez’s $33 million salary or Celtic power forward Kevin Garnett’s $25 million.  Nor should there be.  These are exceptionally talented individuals whose teams’ owners think they’re worth every penny.”

Linda Chavez

“Those in power in Washington . . . . often lead themselves to believe that our prosperity depends on their wisdom.  It doesn’t.  The prosperity and opportunity we enjoy comes ultimately from the creative energies of the country’s businessmen, entrepreneurs, investors, marketers, and investors.  The longer it takes this country to reawaken to this reality, the worse we – and in turn, our children’s standard of living – will be.”

Mark Sanford

“Almost everything wrong with our health care system comes from government interference with the free market.  If the health care system is broken, then fix it.  Don’t try to invent a new one premised on all the bad ideas that are causing problems in the first place.”

Ann Coulter

“Struggle is the architect of the soul.”

James Cook

October 30, 2009

“It’s a whole different attitude toward public service than it once was.  I tell you, we can all sit around in our old age and moan about it, but I think the administrative processes and the management effectiveness of the federal government are terrible!”

Paul Volcker

“The most hazardous health reform measure before Congress is not the so-called ‘public option,’ but proposals to make health insurance compulsory via an individual or employer mandate.

“Compulsory health insurance could require nearly 100 million Americans to switch to a more expensive health plan and would therefore violate President Barack Obama’s pledge to let people keep their current health insurance.”

Michael F. Cannon

“To generate any appreciable degree of long-term affluence requires scrupulous honesty and the willingness to honor long-term agreements with employers, suppliers, partners, and especially customers. The flimflam artist may generate a few quick bucks through fraud or misrepresentation, but no successful and lasting business enterprise was ever founded on such principles.”

Robert Sheaffer

“There exists also in the human heart a depraved taste for equality, which impels the weak to attempt to lower the powerful to their own level, and reduces men to prefer equality in slavery to inequality with freedom.”

Alexis de Toequeville

“Doubt makes us reaffirm what we believe.”

James Cook

October 29, 2009

“The unionization of government employees creates a powerful, permanent constituency for bigger government – one that is motivated, well-funded, and organized.”

Don Bellante, David Denholm and Ivan Osorio

“No one can predict whether the earth will be cooler or hotter next year, let alone do anything to change it.  If you’re afraid of global warming, turn off the lights when you leave the room – but don’t participate in the corruption of science, don’t scare our kids with unproven cataclysmic theories, and don’t try to ban economic energy sources that people living on this planet depend upon today.  And don’t try to stop progress; it’s the only hope the earth has of seeing clean industry, short of exterminating mankind.”

Doug Casey

“Oliver Wendell Holmes said, ‘Think things, not words.’ In words, many see a need for ‘social justice’ to override ‘the dictates of the market.’  In reality, what is called ‘the market’ consists of human beings making their own choices at their own cost.  What is called ‘social justice’ is government imposition of the notions of third parties, who pay no price for being wrong.”

Thomas Sowell

“Deeper state intervention in an economy means that bureaucratic waste, inefficiency and corruption are more likely to hold back growth.”

Ian Bremmer

“Eventually economic growth reaches the point at which the accumulation of wealth in the families of achievers becomes so significant that the hatred and envy of success become stronger than the desire for continued economic growth, and a period dominated by resentment begins.”

Robert Sheaffer

October 28, 2009

“After political crusades for ‘affordable housing’ ended up ruining the housing market and much of the economy with it, many of the same politicians are now carrying on a crusade for ‘affordable health care.’  But what you can afford has absolutely nothing to do with the cost of producing anything.  Refusing to pay those costs means that you are just not going to continue getting the same quantity and quality – regardless of what any politician says or how well he says it.”

Thomas Sowell

“Global warming hysterics generally have limited scientific knowledge, and of geology and meteorology in particular.  Their belief is not science; it’s more akin to religion.  The main epicenter of hysteria is not the scientific community but seems to be Hollywood.”

Doug Casey

“From the standpoint of the federal government, traditional fiscal stimulus in the form of tax cuts or increased federal spending have reached their practical limits, with the actual annual budget deficit running out of control at $4.0-plus trillion per year.”
John Williams

“As for keepers of the public purse, legislators and local council members have an obligation to protect taxpayers’ interests.  By granting monopoly power to labor unions over the supply of government labor, elected officials undermine their duty to taxpayers, because  this puts unions in  a privileged position to extract5 political goods in the form of high pay and benefits that are much higher than anything comparable in the private sector.”

Don Bellante, David Denholm and Ivan Osorio

"If it were possible to lift real economic growth by means of money pumping, world poverty would have been eradicated a long time ago. Real economic growth requires real savings to fund various activities that support and promote it."

Aubie Baltin

October 27, 2009

“When politicians propose some hugely expensive new program and are asked how they government is going to pay for it, a standard ploy over the years has been to claim that they will pay for it by eliminating ‘waste, fraud and abuse.’  At a recent town hall meeting, a citizen raised the obvious question: If you can do that, why haven’t you done it already?”

Thomas Sowell

“Fear is being used by the political class as an excuse to accumulate more power and self-importance – and collect a lot more taxes to support their agenda.”

Doug Casey

“U.S. federal obligations are so huge versus the national GDP that the country’s finances look more like those of a banana republic than the world’s premiere financial power and home to the world’s primary reserve currency, the U.S. dollar.”

John Williams

“High rates of unionization in the public sector have led to very high labor costs in the form of generous collective bargaining contracts.”

Don Bellante, David Denholm, and Ivan Osorio

 

“Investors believe in the best possible outcome.”

James Cook

October 22, 2009

“The primary factor that enables our government to peddle economic snake oil is the dollar’s unique role as the world’s reserve currency, and our creditors’ willingness to preserve its status.  By buying up dollars and loaning them back to us through Treasury debt, productive countries give American politicians cart blanche to play Santa Claus.”

Peter Schiff

“There is one sector in which organized labor is growing in strength:  government.  This has severe implications for the future of public finances for state and local governments across the nation, and for the nature of organized labor itself.”

Don Bellante, David Denholm, and Ivan Osorio

“The government’s finances not only are out of control, but the actual deficit is not containable.  Put into perspective, if the government were to raise taxes so as to seize 100% of all wages, salaries and corporate profits, it still would be showing an annual deficit.”

John Williams

“A concern for morality in politics has to begin with the decision to renounce the use of force to dispose of the life and effort of others.  Otherwise, all we have is a society-wide version of smash-and-grab, and the only debate is about who gets the loot and who ends up being the victim.  Which is precisely what all of the current wrangling in the Senate amounts to.”

Robert Tracinski

“As boom- and bust-prone as high finance always has been and remains, the greatest systemic risk to our economy is not Wall Street  It’s the growing federal debt (and weakening dollar) being enacted by those Washington politicians – the ones who want to protect us from Wall Street.”

Tony Blankley

October 21, 2009

“They’ve been changing the cry from ‘global warming’ to ‘climate change’ because there’s so little evidence there’s actually any warming going on.  I believe that as little as a decade from now, global warming will be recognized as one of the greatest swindles in world history.  It has so little scientific basis, it can only rationally be considered a political scam.”

Doug Casey

“Obama’s Marxist mentors – Franklin Marshall Davis, Saul Alinsky and Bill Ayers – also understood that you don’t build an army of street organizers or a recurring voting constituency by teaching people of the streets to fish.  When you ‘share wealth around’ you make the distributees dependent on your next handout – beholden to your largesse with other’s people’s money and personally worse off in every respect.”

David Limbaugh

“Thanks to Barack Obama, America is for the first time aligning its values with those of ‘the majority of the world’s population.’  If you think the world’s population has had better values than America, that is has made societies that are more open, free, and tolerant than American society, and that is has fought for others’ liberty more than America has, you should be delighted.”

Dennis Prager

“Faced with a need to scrounge for revenue to fund his plan for health care, President Barack Obama and Senate Finance Committee Chairman Max Baucus have come up with a brilliant new idea: Tax the sick!

“In a new amendment to the health care bill, they propose to limit the deductibility of medical expenses on income taxes.”

Dick Morris

“For every dollar in America one year ago, the U.S. government has created 2.1 more of them.”

Jeff Clark

October 20, 2009

“What is most frightening about the political left is that they seem to have no sense of the tragedy of the human condition.  All problems seem to them to be due to other people not being as wise or as noble as they are.”

Thomas Sowell

“Any stimulus package amounts to taking money from the pockets of some Americans and placing it in the pockets of others who have better political connections.”

Mona Charen

“The theory of government I was taught says that government provides benefits, primarily security, to the entire population.  In return we pay taxes.  But lately the government has been a distributor of special privileges, taking money from some and giving it to others.  America is now about evenly split between those who pay income taxes and those who consume them.”

John Stossel

“Paper currency cannot store value in the long run any more than a paper bag can hold water.  The present illusion of convertibility of paper currencies into goods and services is largely blinding everyone to the massive loss of value through inflation and currency manipulation.”

Peter Souleles

“There is no help from without, only from within.”

James Cook

October 16, 2009

“What we have in Canada is access to a government, state-mandated wait list.  You cannot force a citizen in a free and democratic society to simply wait for health care, and outlaw their ability to extricate themselves from a wait list.”

Canadian Physician

"To compare a few people in government making decisions based on limited information to millions and millions of people making decisions every second with their own hard-earned money, there’s just no comparison there."

Paul Atkins

 

"In the Western world, countries that were once the crucible of freedom are slipping remorselessly into a thinly disguised serfdom in which an ever higher proportion of your assets are annexed by the state as superlandlord. Big government is where nations go to die – not in Keynes’ ‘long run,’ but sooner than you think."

Mark Steyn

 

"If it were possible to lift real economic growth by means of money pumping, world poverty would have been eradicated a long time ago. Real economic growth requires real savings to fund various activities that support and promote it."

Aubie Baltin

“Prayer is futility when compared to belief.”

James Cook

October 13, 2009

“Global warming is the most prominent form of mass hysteria raging across the world today.”

Doug Casey

"When half of the people get the idea that they do not have to work because the other half is going to take care of them, and when the other half gets the idea that it does no good to work because somebody else is going to get what they work for, that my dear friend, is about the end of any nation."

Ayn Rand

“Everybody lives an epic.”

James Cook

October 12, 2009

“Today most funding for science comes through government.  That means that you have to be known to be sympathetic to conclusions that are acceptable to the political classes.”

Doug Casey

“America is effectively bankrupt.  The government does not have any money, nor does it save any money. It does not produce anything of value, and it cannot overtly tax its citizens enough to pay for its profligate lifestyle.”

Donald Grove

“The defects of socialism – ignorance, inefficiency, social conflict, monopoly, coercion, corruption, and secrecy – are basically incurable.”

Gary Jason

“The Obama-Bernanke-Geithner team wrings its hands as the economy refuses to respond to the trillions of dollars in spending.  What’s the solution?  The solution is obvious – spend more – and more.  It’s madness – they’re bankrupting the USA with spending and debt.”

Richard Russell

"Government interference with the economic process represents a substitution of political for consumer objectives."

Sheldon Richman

October 9, 2009

"The statist never learns from his policy failures. He is never deterred by the destruction he causes. Negative data are simply rejected, as with his steadfast allegiance to failed Keynesian economics."

David Limbaugh

"Instead of solving economic problems, government welfare socialism created monstrous moral and spiritual problems – the kind of problems that are inevitable when individuals turn responsibility for their lives over to others."

Star Parker

"Never forget that no government has wealth of its own to spend. The money has to come from taxation, monetary inflation, or debt expansion that must be paid later. And government’s spending choices will always be uneconomic relative to how society would use that wealth. That is to say, the money will be wasted."

Llewellyn H. Rockwell, Jr.

"Inflation is not a benign element in the economy’s operation. It is, as it has always been, the most dangerous and destructive form of taxation."

Robert Higgs

"Why is it so hard to see that when America had high savings, low taxes and minimal government, the economy grew like a weed, and today when we have just the opposite, the economy is shrinking?

James Cook

October 8, 2009

"Socialistic practices are now so ingrained in our thinking, so customary, so much a part of our mores, that we take them for granted."

Leonard E. Read

"Never in our history have we been headed at such breakneck speed toward our own financial, political and cultural destruction."

David Limbaugh

"What generations created, the Left destroys. There are few productive and noble institutions in America that the Left has not hurt or attempted to hurt. But while the Left destroys a great deal, it constructs almost nothing (outside of government agencies, laws, and lawsuits)."

Dennis Prager

"We have suffered more from this cause [paper money] than from every other cause or calamity. It has killed more men, pervaded and corrupted the choicest interests of our country more, and done more injustice than even the arms and artifices of our enemy."

Daniel Webster

"The public sector can only feed off the private sector; it necessarily lives parasitically upon the private economy. But this means that the productive resources of society – far from satisfying the wants of consumers – are now directed, by compulsion, away from these wants and needs. The consumers are deliberately thwarted, and the resources of the economy diverted from them to those activities desired by the parasitic bureaucracy and politicians."

Murray N. Rothbard

October 7, 2009

“If we remove the hope of profit as a means to alleviate misfortune – poverty, illness, misery, disaster – we shall increase our misfortunes and make them permanent.”

Leonard E. Read

“It’s not as if socialism is a new idea. It was tried in the 20th century. It produced economic stagnation and despair. In its purest form, it extinguished more than one hundred million people.”

Llewellyn H. Rockwell, Jr.

"It is production that creates purchasing power, not the printing press!"

Peter Schiff

"When the coercive power of government is used to equalize incomes, it guarantees less prosperity across the board and spreads the misery, which is one of the many reasons Marxism and socialism have failed everywhere they’ve been tried."

David Limbaugh

"We think of prices as simply the notation of how much we must pay for things. But the price system accomplishes far more than that. Hundreds of millions of people buying and selling, and abstaining from buying and selling, generate a system of signals – prices to producers and consumers about relative scarcities and demand. Through this system, consumers can convey to producers their subjective priorities and entrepreneurs can invest accordingly."

Sheldon Richman

October 6, 2009

“Assume that a surgeon has discovered how to do a brain surgery, that he can do only one a month, that 1,000 persons a year need such an operation if they are to survive. How is the surgeon’s scarce resource to be allocated? Charge whatever price is necessary to adjust supply to demand, say $50,000! ‘For shame,’ some will cry. ‘Your market system will save only wealthy people.’ For the moment, yes. But soon there will be hundreds of surgeons who will acquire the same skill; and, as in the case of the once scarce and expensive ‘miracle drugs,’ the price then will be within the reach of all.”

Leonard E. Read

“Socialism crushes human rights, builds the state, impinges on the liberty of conscience, and breeds social, cultural, and economic degeneration.”

Llewellyn H. Rockwell, Jr.

"Civilization is not an evolution of mankind but the imposition of human good on human evil. It is not a historical inevitability. It is a battle that has to be fought every day, because evil doesn’t recede willingly before the wheels of progress."

Andrew McCarthy

"We seem to be moving steadily in the direction of a society where no one is responsible for what he himself did but we are all responsible for what somebody else did, either in the present or in the past."

Thomas Sowell

“Without memory there are no worries.”

James Cook

October 5, 2009

“Someone recently pointed out how much Barack Obama’s style and strategies resemble those of Latin American charismatic despots – the takeover of industries by demagogues who never ran a business, the rousing rhetoric of resentment addressed to the masses and the personal cult of the leader promoted by the media. But do we want to become the world’s largest banana republic?”

Thomas Sowell

“In market terms, one is entitled to what others will offer in willing exchange. That is all!”

Leonard E. Read

“What makes for the good society is a sound economy. Without it, all the rest falls apart.”

Llewellyn H. Rockwell, Jr.

“Throughout history government has served as a vehicle for the organization of hatred and oppression, benefiting no one except those who are ambitious and ruthless enough to gain control of it.”

Doug Casey

“We must not cast away riches which can benefit our neighbor. Possessions were made to be possessed; goods are called goods because they do good, and they have been provided by God for the good of men: they are at hand and serve as the material, the instruments for a good use in the hand of him who knows how to use them.”

Clement of Alexandra

October 2, 2009

“There could be no greater error than to conclude that statism caused prosperity.”

Leonard E. Read

“American bureaucrats are no better than those of any other nationality when it comes to making socialism work. It can’t be done.”

Paul L. Poirot

“The fact is that the New Deal did not work. It prolonged what might have been a troubling two-year downturn into a horrifying blow to world prosperity that ended up in a war that killed countless millions. It was one of the greatest acts of wreckage in world history.”

Llewellyn H. Rockwell, Jr.

“Government sponsors untold waste, criminality and inequality in every sphere of life it touches, giving little or nothing in return.”

Doug Casey

“Living your life constructs your soul, not a few seconds of daily prayer.”

James Cook

October 1, 2009

“Given all the talk about ‘fairness,’ one would think that, given that the top 5% of wage earners are paying 60% of all taxes, it would not be unreasonable for them to expect a nice hand-written note of appreciation from the Treasury, as opposed to what they actually are getting: condemnation and threats to lay it on even heavier"

David Galland

“One of the problems with trying to help underdogs, especially with government programs, is that they and everyone else start to think of them as underdogs, focusing on their problems rather than their opportunities. Thinking of themselves as underdogs can also dissipate their energies in resentments of others, rather than spending that energy making the most of their own possibilities.”

Thomas Sowell

“Statism, which forces all of us within its orbit, is nothing but a political system of organized plunder, managed by every conceivable type of pressure group.”

Leonard E. Read

“Both shortages and surpluses, whether Russian or Chinese or American, are a consequence of substituting the decisions of bureaucrats for the decisions of the market place.”

Paul L. Poirot

“No state empowered to do what is supposedly necessary will restrain itself to those things. It will expand as much as public opinion will tolerate.”

Llewellyn H. Rockwell, Jr.

September 30, 2009

“The U.S. approach to friends and foes is completely backwards. While appeasing the enemies of freedom worldwide, we punish those in Honduras struggling to preserve the rule of law, fundamental liberties and democratic values.”

Rep. Ileana Ros-Lehtinen

“The history of mankind is the history of money losing value.”

Milton Friedman

“The welfare state destroys the market mechanisms – lessens free choice and willing exchange. Simultaneously creating unnatural specializations, it must, granted statism’s premise, resort to welfarism; that is, it must assume the responsibility for the people’s welfare: their employment, their old age, their income, and the like. As this is done, man loses his wholeness; he is dispossessed of responsibility for self, the very essence of his manhood. The more dependent he becomes, the less dependable!”

Leonard E. Read

“If prices are free to fluctuate and reflect the true market situation, the conditions of so-called scarcity or surplus are avoided.”

Paul L. Poirot

“The future prosperity of everyone – including the needy – depends on encouraging persons to become millionaires.”

Dean Russell

September 29, 2009

“The Statist has constructed a Rube Goldberg array of laws and policies that have institutionalized his objectives. His success breeds confidence in the limitlessness of his endeavors.”

Mark R. Levin

“There is no moral distinction between petty thievery and ‘from each according to ability, to each according to need.’”

Leonard E. Read

“The market encourages conservation of any resource in short supply and discourages further production of goods or services for which there may be a dwindling demand.”

Paul L. Poirot

“If we as a society want to cure unemployment, raise real wages, and in other ways improve our economy, we will base public policy on private property rights, the non-aggression principle and the law of free association. In the free and prosperous society, everyone may do precisely as he pleases, provided only that he does not initiate violence against non-aggressors.”

Walter Block

“Whenever you have something nice someone will try to ruin it.”

James Cook

September 28, 2009

“So virtuous are the programs said to be – pensions for the elderly, compensation for the unemployed, medicine for the sick, and assistance for the disabled – few dare ring the alarm of looming economic catastrophe that threatens to destabilize the civil society.”

Mark R. Levin

“Insecurity must follow the transfer of responsibility from self to others, particularly when transferred to arbitrary and capricious government. Genuine security is a matter of self-responsibility, based on the right to the fruits of one’s own labor and freedom to trade.”

Leonard E. Read

“It is the free market and competition among employers for the services of wage earners that make workers independent of arbitrary discretion on the part of the employer.”

Paul L. Poirot

“Spurred on by the demagogues who are trying to control us by pretending to take care of us, we’re rejecting the original American idea of rewarding each person according to his merit.”

Dean Russell

“Every man has a right to his prejudice, which is his opinion. He does not have a right to enact his prejudice into law.”

Robert W. Blake

September 25, 2009

“Social Security is a widely popular program because the individual has been deceived by the Statist to believe that the government has been prudently and diligently managing his accumulated pension investment in his Social Security account, which he presumes to be funded by his own payroll taxes.”

Mark R. Levin

“The great weakness of socialism is that no one, neither the leader nor any of the followers, assumes any sense of accountability or responsibility; someone else is always to blame.”

Paul L. Poirot

“Whenever government assumed responsibility for the security, welfare, and prosperity of citizens, the costs of government rise beyond the point where it is politically expedient to cover them by direct tax levies.”

Leonard E. Read

“This country may need a good five-cent cigar; but it could better use a hundred or so new millionaires – modern Edisons, Carnegies, Hills, Fords, Wanamakers. We need men of vision who’ll build and produce – not little men who wish to divide and equalize. In this age of the so-called ‘common man,’ we desperately need a few uncommon men.”

Dean Russell

“Government does the least good and the most harm through subsidies.”

James Cook

September 24, 2009

“So distant is America today from its founding principles that it is difficult to precisely describe the nature of American government. It is not strictly a constitutional republic, because the Constitution has been and continues to be easily altered by a judicial oligarchy that mostly enforces, if not expands, the Statist’s agenda. It is not strictly a representative republic, because so many edicts are produced by a maze of administrative departments that are unknown to the public and detached from its sentiment. It is not strictly a federal republic, because the states that gave the central government life now live at its behest. What, then, is it? It is a society steadily transitioning toward statism. If the Conservative does not come to grips with the significance of this transformation, he will be devoured by it.”

Mark R. Levin

“It is one of the advantages of competitive private enterprise that the penalties for failure are levied against those who fail – the damage is not assessed against the whole society.”

Paul L. Poirot

“The Constitution was definitely and specifically designed to hobble all people who are so foolish as to think themselves capable of leading others by compulsion. It so functions today to an extent exasperating to the authoritarians – which is why they want to get rid of it.”

Leonard E. Read

“Laws and coercive union policies that increase wages at the expense of profits do not create jobs; they destroy them.”

Dean Russell

“We must remember that the principal instrument of government is coercion and that our government officials are no more moral, omnipotent, nor omniscient than are any of the rest of us. Once we understand the basic principles which must be observed if freedom is to be safeguarded against government, we may become more hesitant in turning our personal problems and responsibilities over to that agency of coercion, with its insatiable appetite for power. The hour is late, and we have much to learn.”

W. C. Mullendore

September 23, 2009

“When the Statist makes a wrong decision, its impact is far-reaching, for he uses the power of government to impose his decision on as many individuals and businesses as possible, which distorts the free market itself.”

Mark R. Levin

“What social arrangement could possibly be more humanitarian than to let each individual rise to the full limit of his creative potentialities? The competitive free market does this and thus maximizes the opportunities for the more capable among men to behave charitably toward their less fortunate brethren. It is not a question of cooperation or competition. Cooperation and competition in the market place afford the best hope for each individual and for humanity in general.”

Paul L. Poirot

“Coercion is as much the tool of the welfare state as it is of communism. The programs and edicts of both are backed by the police force. All of us know this to be true under communism, but it is equally true under our own brand of welfare statism.”

Leonard E. Read

“When industrial profits are above average, jobs are plentiful and unemployment is comparatively low…. But for some unknown reason, that direct and observable relationship between industrial jobs and profits is usually denied by union leaders and government officials.”

Dean Russell

“When our people were fed out of the common store, and laboured jointly together, glad was he could slip from his labour, or slumber over his taske he cared not how, nay, the most honest among them would hardly take so much true paines in a weeke, as now for themselves they will doe in a day: neither cared they for the increase, presuming that howsoever the harvest prospered, the generall store must maintaine them, so that wee reaped not so much Corne from the labours of thirtie, as now three or foure doe provide for themselves.”

Captain John Smith

September 22, 2009

“In the free market, a man born into wealth or who has otherwise acquired great riches can lose his fortune depending on how he chooses to behave. Conversely, a man born into poverty or who has lost wealth once obtained can acquire a fortune, depending, again, on how he chooses to behave.”

Mark R. Levin

“No one is empowered by free market procedures to enslave any other person, or to compel him to buy or sell anything.”

Paul L. Poirot

“Under both the welfare state and communism, the responsibility for the welfare, security, and prosperity of the people is presumed to rest with the central government.”

Leonard E. Read

“When something interferes to prevent the free play of prices, to hamper bargaining among potential buyers and sellers, ‘surpluses’ or ‘shortages’ are bound to appear.”

Bettina Bien

“Independent thinkers are usually geniuses or idiots and at times it’s hard to tell which.”

James Cook

September 21, 2009

“Politicians and bureaucrats are substituting their uninformed, largely political decisions for those of the marketplace. Their past miscalculations demonstrate that they do not and cannot possess the information, knowledge, means, and discipline to manage the economy.”

Mark R. Levin

“The socialistic concept of ideal humanity involves giving to each person according to his needs, regardless of his efforts to earn what he wants….In other words, man is born for comfort and ease, not work and struggle!”

Paul L Poirot

“Private enterprise is not as spectacular nor as easy to see as the socialist way of temporarily diffusing poverty by eating up the seed corn – the tools – which will increase poverty in the long run.”

R. C. Hoiles

“Such terms as communism, socialism, Fabianism, the welfare state, Nazism, fascism, state interventionism, egalitarianism, the planned economy, the New Deal, the Fair Deal, the New Frontier are simply different labels for much the same thing.”

Leonard E. Read

“Because prices fluctuate on a free market, there is a tendency, sooner or later, for everything produced to be used in one way or another.”

Bettina Bien

September 18, 2009

“The government does not add value to the economy. It removes value from the economy by imposing taxes on one citizen and providing cash to another.”

Mark R. Levin

“The growing size of the government debt should be of real concern to every creditor and especially to every taxpayer with any interest whatsoever in private property and personal freedom.”

Paul L. Poirot

“It [the free market] is an organizational way of doing things, featuring openness, which enables millions of people to cooperate and compete without demanding a preliminary clearance of pedigree, nationality, color, race, religion, or wealth. It demands only that each person abide by voluntary principles, that is, by fair play. The free market means willing exchange; it is impersonal justice in the economic sphere and excludes coercion, plunder, theft, protectionism, and other anti-free market ways by which goods and services change hands.”

Leonard E. Read

“No man is competent to manage another.”

Edmund A. Opitz

“Most everything government does is worse than useless.”

James Cook

September 17, 2009

“The fact is that the New Deal was, overall, a dismal failure.”

Mark R. Levin

“Government debt signifies that government has made certain claims upon private property above and beyond the ‘due processes’ of authorized taxation.”

Paul L. Poirot

“During recent years, men in free and willing exchange (the free market) have discovered how to deliver the human voice around the earth in one twenty-seventh of a second; how to deliver an event, like a ball game, into everyone’s living room, in color and in motion, at the time it is going on; how to deliver hundreds of people from Los Angeles to Baltimore in less than 3 hours and 19 minutes; how to deliver gas from a hole in Texas to a range in New York at low cost and without subsidy; how to deliver 64 ounces of oil from the Persian Gulf to our Eastern Seaboard – more than half-way around the earth – for less money than government will deliver a one-ounce letter across the street in one’s home town.”

Leonard E. Read

“The exercise of freedom invariably results in some choices that are unwise or wrong. But, by living with the consequences of his foolish choices a man learns to choose more wisely next time.”

Edmund A. Opitz

“Private enterprise is not as spectacular nor as easy to see as the socialist way of temporarily diffusing poverty by eating up the seed corn – the tools – which will increase poverty in the long run.”

R. C. Hoiles

September 16, 2009

“Government, not the oil industry, is the biggest ‘profiteer’ from oil. And it uses the tax revenue to expand its own authority at the expense of the individual, as it does with an endless number of other industries – including electric power, coal, lumber, pharmaceuticals, automobiles, aircraft, and agriculture. The Statist’s intrusion to the free market is boundless.”

Mark R. Levin

“Giving to one individual or group the fruits of the labor of others taken from them by coercion is an immoral procedure, with destructive effect upon the sense of personal responsibility of everyone involved.”

Paul L. Poirot

“Once an activity has been socialized, it is impossible to point out, by concrete example, how men in a free market could better conduct it. How, for instance, can one compare a socialized post office with private postal delivery when the latter has been outlawed?”

Leonard E. Read

“The well-being of individual persons in any society varies inversely with the money at the disposal of the political class.”

Edmund A. Opitz

“To give a man his life but deny him his liberty, is to take from him all that makes his life worth living. To give him his liberty but take from him the property which is the fruit and badge of his liberty, is to still leave him a slave.”

George Sutherland

September 15, 2009

“The minute a first-world country has ‘free’ health care, it becomes the provider of choice to anyone who can get there, particularly for any long-term ailments requiring state-of-the-art medications. In 2004, Britain’s Health protection Agency revealed that 44 percent of HIV patients being treated by the National Health Service were not residents of the United Kingdom at all but from southern Africa. In essence, a huge number of AIDS patients in South Africa, Zimbabwe, Zambia, Malawi, Swaziland and Lesotho have decided to outsource their health care needs to British taxpayers. Similar trends will manifest themselves here in nothing flat.”

Mark Steyn

“The Statist deflects public scorn for the consequences of his own central planning by blaming the very industry he is sabotaging for supply dislocations and price hikes.”

Mark R. Levin

“The more complex our economy, the more we should rely on the miraculous, self-adapting processes of men acting freely. No mind of man nor any combination of minds can even envision, let alone intelligently control, the countless human energy exchanges in a simple society, to say nothing of a complex one.”

Leonard E. Read

“Free human beings may be counted upon to care well for themselves and for their fellow men, voluntarily.”

Paul L. Poirot

“Liberty and morality had to win their way slowly over many centuries, until finally expanding liberty made possible the great technological advance of the Industrial Revolution and the flowering of modern capitalism.”

Murray N. Rothbard

“A thinker reverses roles and sees the perspectives of others.”

James Cook

September 14, 2009

“Taxation of private property, or the regulation of such property so as to reduce its value, can become in effect a form of servitude.”

Mark R. Levin

“By holding down natural wage growth in labor-intensive industries, immigration serves as a subsidy for low-wage, low-productivity ways of doing business, retarding technological progress and productivity growth.”

Mark Krikorian

“Being without work [in the United States] is still far better for most people than being employed in Central America."”

George J. Borjas

“Is it not obvious that the more complex an economy, the more certainly will governmental control of productive effort exert a retarding influence?”

Leonard E. Read

September 11, 2009

“The oil industry is hardly free to operate as efficiently as it could or to be as responsive to consumer demands as it would like. It has become, in essence, a quasi-state-run enterprise, because it cannot drill, transport, refine, and store fuel without receiving government permission, complying with government regulations, and paying taxes at every level or production.”

Mark R. Levin

“There is no justice, and great harm, in diminishing the whole array of future opportunity to save a few people now from a regrettable fate.”

Will Wilkinson

“That some should be rich shows that others may become rich, and hence is just encouragement to industry and enterprise. Let not him who is houseless pull down the house of another; but let him labor diligently and build one for himself.”

Abraham Lincoln

“The moment the idea is admitted into society that property is not as sacred as the laws of God, and there is not a force of law and public justice to protect it, anarchy and tyranny commence.”

John Adams

“Better to have something to say than to have to say something.”

James Cook

September 10, 2009

“The founders of our nation feared paper currency because it gave government the means to steal from its citizens.”

Walter Williams

“Those who torment us for our own good will torment us without end for they do so with the approval of their own conscience.”

C. S. Lewis

“The free market promotes self-worth, self-sufficiency, shared values, and honest dealings, which enhance the individual, the family, and the community. It discriminates against no race, religion, or gender.”

Mark R. Levin

“What belongs to no one is wasted by every one. What belongs to one man in particular is the object of his economy and care.”

James Wilson

“The impulse to freeze the system, to try to tape all the cracks and staple all the cleavages, to ensure that nobody has to explain to their kid why Christmas this year is going to be a lousy Christmas, that is one of our greatest dangers.”

Will Wilkinson

September 9, 2009

“Governing a large country is like frying a small fish. You spoil it by too much poking.”

Lao Tzu

“The Statist has an insatiable appetite for control. His sights are set on his next meal even before he has fully digested his last. He is constantly agitating for government action. And in furtherance of that purpose, the Statist speaks in the tongue of the demagogue, concocting one pretext and grievance after another to manipulate public perceptions and build popular momentum for the divestiture of liberty and property from its rightful possessors."

Mark R. Levin

“There is profound self-deception at work in people who luxuriate in the fruits of worldly success while disdaining the personal habits and cultural conditions that make such success possible.”

Wilfred M. McClay

“The profit motive promotes economic growth by creating better products at cheaper prices.”

Mark Skousen

“Of all tyrannies, a tyranny sincerely exercised for the good of its victims may be the most oppressive. It would be better to live under robber barons than under omnipotent moral busybodies.”

C. S. Lewis

September 8, 2009

“In the U.S., forecasts from credit analysts dealing with the commercial mortgage market range from gloomy to mortuary. Press for details on timing and they will cite the first or second quarter of 2010 as the time when owners of tall, $100 million buildings will start giving their lenders the bad news they should have faced up to months earlier.”

Terry Coxon

“It’s time to discourage the consumer-society mentality of excessive debt, overspending, and waste, and to encourage thrift and the productive use of investment resources.”

Mark Skousen

“No nation has ever been ruined by trade.”

Benjamin Franklin

“Countries which enjoy the highest level of peace, happiness and prosperity are the ones where the law least interfered with private affairs.”

Frederic Bastiat

“Better to have something to say than to have to say something.”

James Cook

September 4, 2009

“The able bodied poor don’t want or need charity…. All they need is financial capital.”

Muhammad Yunus

“Most of Marx’s predictions have failed to materialize, and his labor theory of value and other ideas have been proven wrong. Marx failed to recognize the incentive system built into the capitalist model – consumer choice and the profit motive of the entrepreneur. The irony is that capitalism, not socialism or Marxism, that has liberated the worker from the chains of poverty, monopoly, war, and oppression, and has better achieved Marx’s vision of a millennium of hope, peace, abundance, leisure, and aesthetic expression for the ‘full’ human being.”

Mark Skousen

“Less than seventy-five years after it officially began, the contest between capitalism and socialism is over: capitalism has won.”

Robert Heilbroner

“A fool is wiser in his own house than a sage is in another man’s house.”

William Graham Sumner

“Governments without separation of powers commit the worst crimes.”

James Cook

September 3, 2009

“The senator’s actions in the hours and days after emerging from that pond tell us something ugly about Kennedy the man. That he got away with it tell us something ugly about American public life.”

Mark Steyn

“This time it is Democrat Rep. Diane Watson picking up the torch for the fellow travelers, lavishing praise on Fidel Castro . . . . . her compliments for a mass murderer and oppressor of black people are perfectly in line with leftists’ long tradition of praising tyrants such as Stalin, Mao, and the North Vietnamese butchers. It’s a dreadful and shameful phenomenon . . . . . . Castro’s revolution executed thousands of innocent Cubans whom it labeled as a class enemies. And this mass murder was part of Castro’s achievement in constructing one of the most evil and barbaric regimes that ever prevailed on the planet.

Jamie Glazov

“What shocked me the most is that the suspect, Phillip Garrido, was convicted in 1976 of kidnapping a woman, raping her, handcuffing her and holding her captive in a warehouse.

“He was sentenced to 50 years on one charge and five-to-life on another.

“He was paroled. After 11 years.

“Paroled.

“If you can get 150 years for bilking people out of their money – ala Bernie Madoff – then how does a man who demonstrated no respect for human life, who thought so little of it he stole a woman, held her captive and raped her. How does he find himself a free man after 11 years?”

Mitch Albom

“For years I warned that anyone under the age of 65 has never seen what I call “hard times.” Now I believe we’re getting a preview of hard times. And I don’t think it’s going to get much easier in a hurry. Why? Because “we’ve spent it,” and now we’re spending even more. Our government is spending insane amounts in an effort to thwart the bear market and halt deflation. Personally, if it was up to me, I would have allowed the bear market to fully express itself. In that way, the economy would have been fully cleansed and corrected, and the pain would have been over much more quickly.”

Richard Russell

“Economic freedom is positively correlated with per-capita income, economic growth, greater life expectancy, lower child mortality, the development of democratic institutions, civil and political freedoms, and other desirable social and economic outcomes.”

James Gwartney and Robert Lawson

September 2, 2009

“No arbitrary regulation, no act of the legislature, can add anything to the capital of the country; it can only force it into artificial channels.”

J. R. McCullough

“In many cases rent control appears to be the most efficient technique presently known to destroy a city – except for bombing.”

Assar Lindbeck

“The fact is that the Great Depression, like most other periods of severe unemployment, was produced by government mismanagement rather than by any inherent instability in the private economy.”

Milton Friedman

“The government of India regulates nearly everything, so there’s very little progress; whereas in Hong Kong the government keeps its hands off… and the standard of living has multiplied.”

John Templeton

“Socialism has been a great tragedy this century.”

Robert Heilbroner

September 1, 2009

“Inflation is everywhere and anywhere a monetary phenomenon.”

Milton Friedman

“If everyone enjoyed the unrestricted use of his faculties and the free disposition of the fruits of his labor, social progress would be ceaseless, uninterrupted, and unfailing.”

Frederic Bastiat

“A virtuous and industrious people may be cheaply governed.”

Benjamin Franklin

“The ingenious slogan that the public debt does not matter because ‘we owe it to ourselves’ is clearly absurd.”

Murray N. Rothbard

“We are destroying capitalism to pay for socialism.”

James Cook

August 31, 2009

“Remember chief of staff Rahm Emanuel’s callous enjoinder ‘you never want a serious crisis to go to waste’? This White House is a serious crisis.”

Bob Tyrell

“Competition is a tough weed, not a delicate flower.”

George J. Stigler

“In short, the way to wealth, if you desire it, is as plain as the way to market. It depends chiefly on two works, industry and frugality.”

Benjamin Franklin

“Money is not an invention of the state. It is not the product of a legislative act.”

Carl Menger

“Inflation is everywhere and anywhere a monetary phenomenon.”

Milton Friedman

August 28, 2009

“Other nations are prospering with modern conceptions of economic growth, while here at home, the economy is weak an d overseen by reactionaries with a 1930s grasp of governance and economics.”

Bob Tyrell

“Absent (unconditional) government programs, individuals and charitable organizations can, will and – in many cases – already do provide services to the needy. A limited government – one that taxes only to fulfill its permissible duties – would allow even more disposable time and money.

“People-to-people charity is more efficient, less costly, more human and compassionate, and more likely to inspire change and self-sufficiency in the beneficiary.”

Larry Elder

“The capitalist has this over the politician and the clergyman; he has in practice done more to raise the standard of living of the poor than all the government and church programs in history….Monsanto and the Archer Daniels Midland Company have fed more hungry people than all the…soup kitchens combined.”

Dinesh D’Souza

“Competition is a tough weed, not a delicate flower.”

George J. Stigler

“The American people have come to rely on the government for their security. They will find out how incompetent the government is when they no longer have security.”

James Cook

August 27, 2009

“I don’t see silver as the poor man’s gold but as the rich man’s silver.”

Henk J. Krasenberg

“States with high and rising tax burdens are more likely to suffer economic decline; those with low and falling tax burdens are more likely to enjoy strong economic growth.”

Larry Kudlow

“What was distinctively Western was not slavery but the moral crusade to end slavery.”

Dinesh D’Souza

“Profits are the ultimate measure of how efficiently we provide customers with the best products for their needs. Profits are required to survive and grow.”

Henry Ford II

“Business decisions are built on three pillars – cost, value and price.”

Shlomo Maital

“The most important business of one generation is the raising of the next generation. Nothing else you do in life will be as deeply satisfying…”

George Will

August 26, 2009

“Hugo Chavez has invited Hezbollah into Venezuela, and chased most of the Jewish community out. He has sent advanced weaponry to the FARC communist insurgency that has been terrorizing neighboring Colombia for 40 years and has spawned a bevy of imitators in Latin America. Next month, he will visit his good friend Iranian President Mahmoud Ahmadinejad in Tehran. And yet President Obama has been silent. It isn’t as if he has a strict policy against criticizing other nations. He’s been quick enough to condemn Israel for settlement policies and Honduras for rousting Chavez wannabee Manuel Zelaya. No, the Obama administration has kept mum because Barack Obama, schooled in leftist fairy tales from the cradle, seems to believe that what the region requires from the United States is not leadership but contrition.”

Mona Charen

“The great escape of our times is escape from personal responsibility for the consequences of one’s own behavior.”

Thomas Sowell

“The corruptions and compulsions of a private insurance company, or medical practice, can be magnified ten thousand times by the federal government. Competing private firms could hardly orchestrate ‘death panels.’ But can a national government? History of course declares that governments have often done far worse.”

Mark D. Tooley

“It is to our detriment that we have betrayed both our founding principles and the Constitution. We have done this because we have fallen for that greatest of lies, which is that government is capable of providing for citizens’ material and social needs. Attractive as this idea may sound, it is impossible to accomplish in practice.”

Vasko Kohlmayer

“One radical free spirit nonconformist is pretty much like another.”

George Will

August 25, 2009

“We may casually talk of all sorts of new programs and ‘stimulus,’ but the vast trillion-dollar collective national debt and rising annual deficits will insidiously hamstring almost everything we plan to do.”

Victor Davis Hanson

“Society flourishes when and only when its molecular unit, the family, flourishes. We know that lasting improvement comes only in the small increments produced by individuals adhering to the simple rules of life…”

George Will

“We tried to provide more for the poor and produced more poor instead. We tried to remove the barriers to escape poverty; and inadvertently built a trap.”

Charles Murray

“The tendency to assign rewards according to status rather than through competition is a common characteristic of closed societies.”

James Dale Davidson

“The American people have come to rely on the government for their security. They will find out how incompetent the government is when they no longer have security.”

James Cook

August 24, 2009

“Socialism is a philosophy of failure, the creed of ignorance, and the gospel of envy, its inherent virtue is the equal sharing of misery.”

Winston Churchill

“Like other magicians, Obama has chosen his distractions well. The insurance industry is currently his favorite distraction as scapegoats, after he has tried to demonize doctors without much success . . . . Obama even gets away with saying things like having a system to ‘keep insurance companies honest’ – and many people may not see the painful irony in politicians trying to keep other people honest.”

Thomas Sowell

“Surely people can now see that it is no accident that he, Obama, sat at the feet of the Rev. Jeremiah Wright for 20 years, that he is mother was a leftist activist and cultural Marxist, that his main early mentor was radical Frank Marshall Davis, that he was a member of the far-left New Party in Chicago, that his main vocation in life has been street organizing and agitation and that he didn’t think the revolutionarily, transformative Warren court was liberal enough.”

David Limbaugh

“Capitalism offers nothing but frustrations and rebuffs to those who wish – because of claimed superiority of intelligence, birth, credentials, or ideals – to get without giving, to take without risking, to profit without sacrifice, to be exalted without humbling themselves to understand others and meet their needs.”

George Gilder

“[Cultural relativism] licenses the envy of the untalented, giving rise to what has been called the revenge of failure: Those who cannot paint destroy the canons of painting; those who cannot write reject canonical literature.”

George Will

August 21, 2009

“Politicians in their hubris who believe they can ignore debt or wish it away are sorely disappointed – as we see now with the plummeting approval ratings of both the administration and Congress.”

Victor Davis Hanson

“If Republican legislators succumb to their political addiction to compromise for the sake of getting something passed, no matter how odious, they’ll be laying out the red carpet of inevitability for socialized care. Once government gets its foot in the door, more government control is unavoidable.”

David Limbaugh

“Entrepreneurs, in accepting risk, achieve security for all. In embracing change, they ensure social and economic stability.”

George Gilder

“There can be no reasonable right to live on sidewalks. Society needs order, and hence has a right to a minimally civilized ambience in public spaces. Regarding the homeless, this is not merely for aesthetic reasons because the anesthetic is not merely unappealing. It presents a spectacle of disorder and decay that becomes a contagion.”

George Will

“There is no external help, only internal.”

James Cook

August 20, 2009

“If you understand liberals at all, you know that they’ll never agree to market-based solutions for ideological reasons and because an expanding dependency class is their most essential power source.”

David Limbaugh

“An essential point in the social philosophy of interventionism is the existence of an inexhaustible fund which can be squeezed forever. The whole system of interventionism collapses when the fountain is drained off: The Santa Clause principle liquidates itself.”

Ludwig von Mises

“The welfare culture tells the man he is not a necessary part of the family; he feels dispensable, his wife knows he is dispensable, his children sense it.”

George Gilder

“Tariffs protect ill-considered government policies, such as costly regulations and high taxes on labor and capital that make our goods uncompetitive in international markets.”

Paul Craig Roberts

“The great blessing of private property, then, is that people can benefit from their own industry and insulate themselves from the negative effects of others’ actions. It is like a set of invisible mirrors that surround individuals, households or firms, reflecting back on them the consequences of their acts. The industrious will reap the benefits of their industry; the frugal the consequences of their frugality; the improvident and the profligate likewise. They receive their due, which is to say they experience justice as a matter of routine.”

Tom Bethell

August 19, 2009

"Neither the entrepreneurs nor the farmers nor the capitalists determine what has to be produced. The consumers do that."

Ludwig von Mises

“The market system provides no mechanism for its own survival. Attempts by firms or individuals to influence the climate of opinion or the overall political situation involve costs in time and money, and occasionally also in unpopularity.”

Lord Peter T. Bauer

“Socialize the individual’s surplus and you socialize his spirit and creativeness….”

William F. Buckley Jr.

“…social engineering has been the salient delusion and the greatest curse of the modern age…. In the twentieth century it has killed scores of millions of innocent people in Soviet Russia, Nazi Germany, Communist China….”

Paul Johnson

“What is called ‘capitalism’ might more accurately be called consumerism. It is the consumers who call the tune, and those capitalists who want to remain capitalists have to learn to dance to it.”

Thomas Sowell

August 18, 2009

“In the Senate, our president was the most left-wing member by a lot. That is a fact, clearly visible to those who followed his voting record. He was also the least experienced major-party presidential candidate in more than a century. As for his experience before he entered upon his brief political career, he never was in the private sector, where he might have gained knowledge about profit margins, the difficulty of maintaining a work force, or the burden of even a slight tax increase. His sole experience has been a fleeting period teaching law and the anomalous experience of being a community organizer, that is to say, a rabble-rouser who organizes needy people to pester governments and corporations for cash or services.”

Bob Tyrrell

"Some think that they will exercise power for the general good, but that is what all those with power have believed. Power is evil in itself, regardless of who exercises it."

Ludwig von Mises

“[T]he suspicion and antagonism of academics, clerics and intellectuals towards the market… go hand in hand with their disdain for the preference and habits of ordinary people.”

Lord Peter T. Bauer

“It is a paradoxical truth that tax rates are too high and tax revenues too low, and the soundest way to raise revenues in the long run is to cut rates now…. An economy hampered by restrictive tax rates will never produce enough revenue to balance our budget, just as it will never produce enough jobs or enough profits.”

John F. Kennedy

“Government is full of people who think they know what’s best for others and can rationalize compelling them to accept it.”

James Cook

August 17, 2009

"The mixing of politics and business not only is detrimental to politics, as is frequently observed, but even much more so to business."

Ludwig von Mises

“Marxism is the opiate of the intellectuals.”

Raymond Aron

“Salvation by society failed the most where it promised the most, in the communist countries. But it also failed in the West. Practically no government program enacted since the 1950s in the Western world – or in the communist countries – has been successful.”

Peter Drucker

“Most economic fallacies derive…from the tendency to assume that there is a fixed pie, that one party can gain only at the expense of another.”

Milton Friedman

“Far from the West having caused the poverty in the Third World, contact with the West has been the principal agent of material progress there.”

Lord Peter T. Bauer

August 14, 2009

“Gold would have value if for nor other reason that that it enables a citizen to fashion his financial escape from the state.”

William F. Richenbacker

"He who serves the public best, makes the highest profits."

Ludwig von Mises

“It is a great advantage to a president, and a major source of safety to the country, for him to know that he is not a great man.”

Calvin Coolidge

“Socialism constitutes a threat to the present and future welfare of the human race, in the sense that neither socialism nor any other known substitute for the market order could sustain the current population of the world.”

Friedrich Hayek

“When wildlife damages agriculture we eliminate the wildlife. Rather we should eliminate agriculture when it damages wildlife.”

James Cook

August 13, 2009

"The elimination of profit, whatever methods may be resorted to for its execution, must transform society into a senseless jumble. It would create poverty for all."

Ludwig von Mises

“I favor the policy of economy, not because I wish to save money, but because I wish to save people. The men and women of this country who toil are the ones who bear the cost of the government. Every dollar we carelessly waste means that their life will be so much more the meager… Economy is idealism in its most practical form.”

Calvin Coolidge

“Government is a broker in pillage, and every election is a sort of advance auction sale of stolen goods."

H. L. Mencken

“It is not the function of our Government to keep the citizen from falling into error; it is the function of the citizen to keep the Government from falling into error.”

Robert H. Jackson

“Socialism constitutes a threat to the present and future welfare of the human race, in the sense that neither socialism nor any other known substitute for the market order could sustain the current population of the world.”

Friedrich Hayek

August 12, 2009

"Neither the entrepreneurs nor the farmers nor the capitalists determine what has to be produced. The consumers do that."

Ludwig von Mises

“After order and liberty, economy is one of the highest essentials of a free government.”

Calvin Coolidge

“America is the first country where people go to the poor house in their car.”

Will Rogers

“The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary.”

H. L. Mencken

“The capitalist achievement does not typically consist in providing more silk stocking for queens but in bringing them within the reach of factory girls in return for a steadily decreasing amount of effort.”

Joseph Schumpeter

August 11, 2009

“One of the most important insights of the Austrian School of Economics is the extraordinary complexity of the free market. It is so complex that no single individual, no committee, and no computer program can account for more than a tiny fraction of the factors that drive a modern economy.

“Friedrich Hayek, a Nobel Prize-winning economist, made this the central point of his writings for the last 35 years of his life. He proved that only through the private property social order and the free interplay of pricing can society become the beneficiary of the market’s (masses of individuals) enormous quantities of relevant knowledge. There is no possible way that a committee of salaried bureaucrats can plan an entire economy or even one industry. Ergo, socialized medicine will not work anywhere ever. These schemes will inevitably lead to rationing of care, a lack of adequate medical equipment and supplies, skyrocketing costs, and a general increase in patients’ dissatisfaction.”

Chris Wood

"Government cannot make man richer, but it can make him poorer."

Ludwig von Mises

“There is no place in civilization for the idler. None of us has any right to ease.”

Henry Ford

After order and liberty, economy is one of the highest essentials of a free government.”

Calvin Coolidge

“Gasahol is socialism’s fuel.”

James Cook

August 10, 2009

"A higher standard of living also brings about a higher standard of culture and civilization."

Ludwig von Mises

“Think about it: we went into slavery pagans; we came out Christians. We went into slavery pieces of property; we came out American citizens. We went into slavery with chains clanking about our wrists; we came out with the American ballot in our hands…”

Booker T. Washington

“The dogma of cultural relativism is challenged by the very people for whose moral benefit the anthropologists established it in the first place. The complaint the underdeveloped countries advance is not that they are being westernized, but that the westernization is proceeding too slowly.”

Claude Levi-Strauss

“There are always two kinds of people in the world – those who pioneer and those who plod. The plodders always attack the pioneers. They say that the pioneers have gobbled up all the opportunity, when, as a plain matter of fact, the plodders would have nowhere to plod had not the pioneers first cleared the way.”

Henry Ford

“Inflation is repudiation.”

Calvin Coolidge

August 7, 2009

“Do the Democrats even understand what insurance is? Over at Mother Jones, Kevin Drum muses that ‘Health insurance is a weird industry.’ They don’t do research, they don’t perform surgeries, they don’t change bedpans, and they don’t make diagnoses. They’re just middlemen. All they do is pay the bills. Bur for some reason we’re supposed to care about whether they continue to exist or not.

“Get that? ‘All they do is pay the bills.’ Taking for granted the fact that someone else is going to somehow produce wealth and pay the bills, while you sit back and make petulant demands about how you want it to be done better and with fewer hassles – isn’t that the whole leftist mentality in a nutshell?”

Robert Tracinski

“Throwing rocks, pouring cement on train tracks, blocking military shipments, smashing windows, hurling paint, slashing tires, vandalizing businesses and throwing shoes are vigilante acts.

“That is what the anti-war, anti-free trade, anti-Bush mobsters did over the last eight years – and there wasn’t a peep about those brute tactics from Obama’s blogging pals.

“They sat quietly while Code Pink disrupted hearings on the Hill and harassed Marine recruiters.

“They looked the other way when ACORN illegally broke into homes and stormed foreclosure auctions.

“They gave their tacit approval to self-declared ‘bank terrorists’ like Boston housing entitlement organizer Bruce Marks, who shows up at the schools of bank executives’ children and bullies them because of their parents’ employment in the name of social justice.

“Now, the taxpayers footing the bill for Obama’s redistribution of health and wealth are silent no more – and the unhinged Left is beside itself.”

Michelle Malkin

Just as Obama is manipulating the cost and benefit numbers to enlist popular and Blue Dog support for his socialized medicine conspiracy, he distorts statistics to make the specious claim that our health care systems isn’t far superior to all others.”

David Limbaugh

"Every restriction of trade creates vested interests that are from then on opposed to its removal."

Ludwig von Mises

“People are always receptive to the idea of a conspiracy.”

James Cook

August 6, 2009

“Money out of nothing is money that is eventually worth nothing.”

Llewellyn H. Rockwell, Jr.

“In selling his scheme, Obama has been promoting the myth that our system is no better than those of other advanced nations. His recent statements have betrayed his openly contemptuous attitude toward American health care and out top-flight medical profession. His attitude is consistent with his revealed general attitude about America, which he denigrates every time he gets a chance, especially on foreign soil.”

David Limbaugh

"The financial history of the last century shows a steady increase in the amount of public indebtedness. Nobody believes that the states will eternally drag the burden of these interest payments. It is obvious that sooner or later all these debts will be liquidated in some way or other, but certainly not by payment of interest and principal according to the terms of the contract."

Ludwig von Mises

“A perpetual holiday is a good working definition of hell.”

George Bernard Shaw

“Think about it: we went into slavery pagans; we came out Christians. We went into slavery pieces of property; we came out American citizens. We went into slavery with chains clanking about our wrists; we came out with the American ballot in our hands…”

Booker T. Washington

August 5, 2009

“For example, the drug Avastin is widely used in the United States to treat advanced colon cancer. But it costs $50,000 a year. So the Canadian health system will not permit its use. As a result, 41 percent of colon cancer patients in Canada die each year as opposed to 32 percent in the United States. The average eight month wait for colonoscopies in Canada also contributes to the problem. Colon cancer rates are 25 percent higher north of the border than in the United States, where colonoscopies are readily available.”

Mick Morris & Eileen McGann

“Mostly what is needed is for the US government to stop treating American businesses like enemies of the state and to let them go about the job of putting people to work making things to sell to other people around the world that are eager to buy them.”

Richard Katz

"It is untrue that some are poor because others are rich. If an order of society in which incomes were equal replaced the capitalist order, everyone would become poorer."

Ludwig von Mises

“There is far more danger in public than in private monopoly, for when government goes into business it can always shift its losses to the taxpayers.”

Thomas Edison

“One machine can do the work of fifty ordinary men. No machine can do the work of one extraordinary man.”

Elbert Hubbard

August 4, 2009

“You cannot cover the 50 million new people Obama seeks to cover without more doctors and nurses. But the administration and even the Blue Dogs in the House have proposed nothing to add to the supply of medical services even as they plan vastly to increase the demand by covering new people.”

Dick Morris & Eileen McGann

“Freedom is messy. In free societies, people will fall through the cracks – drink too much, eat too much, buy unaffordable homes, fail to make prudent provision for health care and much else. But the price of being relieved of all those tiresome choices by a benign paternal government is far too high.”

Mark Steyn

“Capital investment in fixed assets that produce real goods is the actual driver of long term economic growth, and until slick financiers hijacked the country with ‘new economy’ mumbo-jumbo based on computer models and hype most Americans understood this.”

Richard Karn, Editor
Emerging Trends Report

“Like so many before him who have ruined countries around the world, Obama has a greatly inflated idea of his own capabilities and the capabilities off what can be accomplished by rhetoric or even by political power.”

Thomas Sowell

“Whatever you subsidize you get more of.”

James Cook

August 3, 2009

"The state is the only institution entitled to apply coercion and compulsion and to inflict harm upon individuals. This tremendous power cannot be abandoned to the discretion of some men, however competent and clever they may deem themselves. It is necessary to restrict its application. This is the task of the laws."

Ludwig von Mises

“We try never to forget that medicine is for the patient… It is not for the profits. The profits follow, and if we have remembered that they have never failed to appear. The better we have remembered it, the larger they have been.”

George Merck II

“Most Marxist intellectuals were heirs to fortunes or had rich fathers, for example, Karl Marx, Friedrich Engels, Rosa Luxumburg, Vladimir Lenin, Fidel Castro, and Herbert Marcuse.”

Carl H. Middleton

“It is the greatest folly of which a man can be capable to sit down with a slate and pencil to plan out a new social world.”

William Graham Sumner

“There is far more danger in public than in private monopoly, for when government goes into business it can always shift its losses to the taxpayers.”

Thomas Edison

July 31, 2009

“Most people are oblivious to F.A. Hayek’s insight that the critical information needed to run an economy – or even 15 percent of one – doesn’t exist in any one place where it is accessible to central planners. Instead, it is scattered piecemeal among millions of people. All those people put together are far wiser and better informed than Congress could ever be. Only markets – private property, free exchange and the price system – can put this knowledge at the disposal of entrepreneurs and consumers, ensuring the system will serve the people and not just the political class.”

John Stossel

"Capital is not a free gift of God or of nature. It is the outcome of a provident restriction of consumption on the part of man. It is created and increased by saving and maintained by the abstention from dissaving."

Ludwig von Mises

“The first man gets the oyster, the second man gets the shell.”

Andrew Carnegie

“From the beginning, I was trained to work, to save and to give.”

John D. Rockefeller

“Allowing liberals to manage economic policy is like hiring monkeys to be aircraft mechanics.”

James Cook

July 30, 2009

“Politicians and bureaucrats clearly have no idea how complicated markets are. Every day people make countless tradeoffs, in all areas of life, based on subjective value judgements and personal information as they delicately balance their interest, needs and wants. Who is in a better position than they to tailor those choices to best serve their purposes? Yet the politicians believe they can plan the medical market the way you plan a birthday party.”

John Stossel

“Once you have bureaucrats empowered to decide what treatments you can and cannot get, they may well decide that money spent keeping some 75-year-old grandmother alive for a couple of more years could be better spent politically by enabling ten younger people to have acupuncture or visit a shrink.

“Even if her children or grandchildren are willing to spend their own money to keep grandma alive, when bureaucrats control the necessary technology or medication they may decide that it is not for sale.”

Thomas Sowell

"Under a socialist mode of production all personal incentives which selfishness provides under capitalism are removed, and a premium is put upon laziness and negligence. Whereas in a capitalist society selfishness incites everyone to the utmost diligence, in a socialist society it makes for inertia and laxity."

Ludwig von Mises

“The man who asks of freedom anything other than itself is born to be a slave.”

Alexis De Tocqueville

“There is no use whatever trying to help people who do not help themselves. You cannot push anyone up a ladder.”

Andrew Carnegie

July 29, 2009

“Though President Obama was at his smooth and polished best the other night, two aspects of his worldview came into sharper relief – his reflexive hostility toward and misunderstanding of business and his reliable resort to left-wing fables about race relations.”

Mona Charen

“The government does not have some magic wand that can ‘bring down the cost of health care.’ It can buy a smaller quantity or lower quality of medical care, as other countries with government-run medical care do.”

Thomas Sowell

“A handful of people who probably never even ran a small business actually think they can reinvent the health care system.”

John Stossel

"Every socialist is a disguised dictator."

Ludwig von Mises

“The man who asks of freedom anything other than itself is born to be a slave.”

Alexis De Tocqueville

July 28, 2009

“At a time when Democratic leaders are pushing rationed care in a world of limited resources, Americans might wonder where the call for shared sacrifice is from illegal immigrant patients like those in Los Angeles getting free liver and kidney transplants at UCLA Medical Center. ‘I’m just mad,’ illegal alien Jose Lopez told the Los Angeles Times last year after receiving two taxpayer-subsidized liver transplants while impatiently awaiting approval for state health insurance.”

Michelle Malkin

“How, voters will ask, can we cover 50 million new people without any new doctors or nurses? The answer is to ration health care, with the U.S. government deciding whom will get hip and knee replacements, heart bypass surgery and all manner of medical treatments. And what does rationing mean? It means that the elderly will be denied care, which they can now get whenever they want it.”

Dick Morris & Eileen McGann

“All these people who think they deserve free health care, or a job, or a plasma screen TV, simply because they radiate heat at 98.6 degrees, or because they were born in a certain place, or because they have a certain skin color – it’s all bunk. There’s no such thing as a ‘just’ wage. There’s only what you earn.”

Doug Casey

“It’s crazy for a group of mere mortals to try to design 15 percent of the U.S. economy. It’s even crazier to do it by August.”

John Stossel

“There is a reason and not a reason for everything.”

James Cook

July 27,2009

"Everything brought forward in favor of Socialism during the last hundred years, in thousands of writings and speeches, all the blood which has been spilt by the supporters of Socialism, cannot make socialism workable."

Ludwig von Mises

“To suppose that any form of government will secure liberty or happiness without any virtue in the people is a chimerical idea.”

James Madison

“One of the happiest consequences of the absence of government…is the development of individual strength that inevitably follows.”

Alexis De Tocqueville

“Those who would administer [charity] wisely must, indeed, be wise, for one of the serious obstacles to the improvement of our race is indiscriminate charity. It were better for mankind that the millions of the rich were thrown into the sea than spent to encourage the slothful, the drunken, the unworthy. Of every thousand dollars spent in so-called charity today, it is probable that nine hundred and fifty dollars is unwisely spent – so spent, indeed, as to produce the very evils which it hopes to mitigate or cure.”

Andrew Carnegie

“From the beginning, I was trained to work, to save and to give.”

John D. Rockefeller

July 24, 2009

"Socialism is the renunciation of rational economy."

Ludwig von Mises

“I place economy among the first and most important virtues… We must make our choice between economy and liberty, or profusion and servitude… If we can prevent the government from wasting the labors of the people under pretense of caring for them, we will be wise.”

Thomas Jefferson

“I believe there are more instances of the abridgment of freedom by gradual and silent encroachments of those in power than by violent and sudden usurpations.”

James Madison

“Free trade, one of the greatest blessings that a government can confer on a people, is in almost every country unpopular.”

Thomas Babington Macaulay

“It’s nearly impossible for a criminal to come from a good mother.”

James Cook

July 23, 2009

“We faced a crisis caused by the Federal Reserve, the corporate tax system, Fannie Mae and Freddie Mac, and the Community Reinvestment Act. But the response of many people in Washington was to blame it on capitalism.”

David Boaz

“It’s no wonder the White House is delaying release of the latest dismal budget figures. It’s not just that they are grossly more dismal than the projections. It’s that they will undercut already-waning public support for Obama’s socialized medicine scheme.”

Davis Limbaugh

“Cap and trade” is just about the most effective tool for controlling most economic activity short of openly declaring ourselves a communist nation and it’s a radical environmentalist’s dream come true.”

Walter Williams

“Obama has paid and will continue to pay dearly for betting on his stimulus package. Because of it, the Bush recession is becoming the Obama recession much faster than it would have had he adopted a more gradual approach to solving economic problems. By jumping in immediately, as he did, in order to increase government spending and pass eight years of Democratic dreams in one day, he made the public expect a solution.”

Dick Morris & Eileen McGann

“The liberals’ present furor over the CIA’s covert operations against al-Qaida suggests that they harbor a death wish not only for themselves but also for the whole country.”

Bob Tyrrell

July 22, 2009

"Socialist society is a society of officials."
Ludwig von Mises

“Government can only do something for the people in proportion to what it can do to the people.”

Thomas Jefferson

“It will be of little avail to the people that laws are made by men of their choice, if the laws be so voluminous that they cannot be read, or so incoherent that they cannot be understood…that no man who knows what the law is today can guess what it will be tomorrow.”

James Madison

“Now, as individuals differ greatly from each other, in intelligence, sagacity, energy, perseverance, skill, habits of industry and economy, physical power, position and opportunity, the necessary effect of leaving all free to exert themselves to better their condition, must be a corresponding inequality between those who may possess these qualities and advantages in a high degree, and those deficient in them… It is, indeed, this inequality of condition between the front and rear ranks, in the march of progress, which gives so strong an impulse to the former to maintain their position, and to the latter to press forward into their files. This gives to progress its greatest impulse.”

John C. Calhoun

“Every man’s life, liberty and property are in danger when the legislature is in session.”

Daniel Webster

July 21, 2009

"Reason and ideas determine the course of human affairs. What is needed to stop the trend toward socialism and despotism is common-sense and moral courage."

Ludwig von Mises

"What at first was plunder assumed the softer name of revenue."

Thomas Paine

“Bad laws are the worst sort of tyranny.”

Edmund Burke

“Government can only do something for the people in proportion to what it can do to the people.”

Thomas Jefferson

"Subsidies have changed the way the nation behaves."

James Cook

July 20, 2009

“The prosperity of any given nation is in inverse proportion to the degree it accepts the welfare state."”

Bill Buckler

"Under capitalism the common man enjoys amenities which in ages gone by were unknown and therefore inaccessible even to the richest people."

Ludwig von Mises

"The market performs miracles so routinely that we take it for granted. Supermarkets provide 30,000 choices at rock-bottom prices. We take it for granted that when we stick a piece of plastic in a wall, cash will come out; that when we give the same plastic to a stranger, he will rent us a car, and the next month, VISA will have the accounting correct to the penny. By contrast, ‘experts’ in government can’t even count the vote accurately."

John Stossel

“The problem with socialism is that you eventually run out of other people’s money.”

Margaret Thatcher

“The love of lucre, though sometimes carried to a ridiculous excess, a vicious excess, is the grand cause of prosperity to all States.”

Edmund Burke

July 17, 2009

"The whole of mankind’s progress has had to be achieved against the resistance and opposition of the state and its power of coercion."

Ludwig von Mises

"Congress can raise taxes because it can persuade a sizable fraction of the populace that somebody else will pay."

Milton Friedman

"Wal-Mart has become the whipping boy for political demagogues, unions and anti-traders. I suggest that they have the wrong target…. Wal-Mart exists and prospers because tens of millions of Americans find Wal-Mart to be a suitable source of goods and services….. unions and anti-traders should direct their outrage and condemnation at the tens of millions of Americans who shop at Wal-Mart and keep it in business."

Walter Williams

"I cannot lay my finger on that article of the Constitution which granted a right to Congress of expending, on objects of benevolence, the money of their constituents."

James Madison

"To write about business one should be in business, just as in writing about Tasmania one should visit Tasmania."

James Cook

July 16, 2009

"The worship of the state is the worship of force. There is no more dangerous menace to civilization than a government of incompetent, corrupt, or vile men. The worst evils which mankind ever had to endure were inflicted by bad governments. The state can be and has often been in the course of history the main source of mischief and disaster."

Ludwig von Mises

"American democracy is capsizing as a result of the vast increase in the number of government dependents and government employees."

James Bovard

"We must care for each other more, and tax each other less."

Bill Archer

"Congress can raise taxes because it can persuade a sizable fraction of the populace that somebody else will pay."

Milton Friedman

"I recall asking the late eminent liberal historian Arthur Schlesinger, in a public forum in Los Angeles in the late 1970s, if he would say that America was, all things considered, a better, i.e., more moral, society than Soviet society. He said he would not."

Dennis Prager

July 15, 2009

"Whoever wishes peace among peoples must fight statism."

Ludwig von Mises

"Dependency is the highest political good – at least for politicians. Since the 1930s, politicians have striven to leave no vote unbought."

James Bovard

"The taxpayer: That’s someone who works for the federal government but doesn’t have to take the civil service examination."

Ronald Reagan

"There is a long history of monetary experience. It tells us that government is at heart a counterfeiter and therefore cannot be trusted to control money, and that this is true of both autocratic and popular government."

Garet Garrett

"Nothing keeps a company honest and efficient like the threat of other companies coming along and taking its business away."

John Stossel

July 14, 2009

“Consumption doesn’t drive an economy, entrepreneurship does that while savings fuel it.”

Gerard Jackson

“The current health care takeover proposals feature a crucial payoff to Big Labor – a golden exemption from any tax on union members’ generous health care benefits. The friends and patrons of Obama may be making out like bandits. But for everyone else, the Democrats’ ideological bankruptcy comes at a nauseatingly steep price.”

Michelle Malkin

"Progressive taxation of income and profits means that precisely those parts of the income which people would have saved and invested are taxed away."

Ludwig von Mises

"Government aid programs have been endlessly expanded, and the government has sought to maximize the number of people willing to accept handouts….. Roughly half of all Americans are dependent on the government, either for handouts, pensions, or paychecks."

James Bovard

"The higher the wages the fewer the jobs; the lower the wages the more the jobs."

James Cook

July 13, 2009

“Relying on consumption spending to raise living standards is like arguing that the only way to avoid a famine is to eat more.”

Gerard Jackson

“The Founding Fathers and our fathers are rolling over in their graves as this great country voluntarily abandons its dreams of equal opportunity, achievement and prosperity and sows the seeds of its own destruction.”

David Limbaugh

“Let there be no doubt: Democrats are the party with two ideas: borrow and spend. The only vigorous internal debate on the left revolves around two questions: How much and how much more?”

Michalle Malkin

"Nothing is more calculated to make a demagogue popular than a constantly reiterated demand for heavy taxes on the rich. Capital levies and high income taxes on the larger incomes are extraordinarily popular with the masses, who do not have to pay them."

Ludwig von Mises

"The more people expect from government, the more biased they become against limiting government power."

James Bovard

July 10, 2009

"Assistance granted to the unemployed does not dispose of unemployment. It makes it easier for the unemployed to remain idle."

Ludwig von Mises

"The key question for many voters is: How much is the candidate offering for my vote?"

James Bovard

"The nearest thing to eternal life we will ever see on this earth is a government program."

Ronald Reagan

"A fine is a tax for doing something wrong. A tax is a fine for doing something right."

Unknown

"From an economic standpoint, liberalism is a greater threat to America than communism ever was."

James Cook

July 9, 2009

“One intriguing subplot of the economic crisis is the failure of most economists to predict it. Here we have the most spectacular economic and financial crisis in decades – possibly since the Great Depression – and the one group that spends most of its waking hours analyzing the economy basically missed it.”

Robert J. Samuelson

"There prevails on a free labor market a tendency toward full employment."

Ludwig von Mises

The more government dependents, the more likely that democracy will become a conspiracy against self-reliance."

James Bovard

"Most of the great problems we face are caused by politicians creating solutions to problems they created in the first place."

Walter Williams

"It has been said that politics is the second oldest profession. I have learned that it bears a striking resemblance to the first."

Ronald Reagan

July 8, 2009

“The facts are that today the Fed Funds target rate is near zero, the monetary base has more than doubled and the country needs to sell trillions of dollars in record shattering debt. Those factors alone are a perfect recipe to send CPI inflation rocketing up to meet the level of unemployment.”

Richard Pento

"A wealthy man can preserve his wealth only by continuing to serve the consumers in the most efficient way."

Ludwig von Mises

"The sheer number of government employees and welfare recipients effectively transforms the purpose of government from maintaining order to confiscating as much as possible from vulnerable taxpayers."

James Bovard

"The key ingredient of politics is the idea that all of society’s ills can be cured politically. It’s like a cookbook where the recipe for everything is to fry it. The fruit cocktail is fried."

P. J. O’Rourke

“Not only does Henry Waxman sound like Lenin, he looks like him.”

Jim Cook

July 6, 2009

"In capitalist enterprise there is no secure income and no security of wealth."

Ludwig von Mises

"Once a person becomes a government dependent, his moral standing to resist the expansion of government power is fatally compromised."

James Bovard

"Free markets are economically optimal, but partially free markets, with endless creation of fiat money and implicit government guarantees of the big boys, can produce perverse and dangerous results."

Martin Hutchinson

"Government intervention into nearly every aspect of our lives is so common that people often lose sight of how things would operate absent the intervention."

William L. Anderson

"We cannot restore traditional American freedom unless we limit the government’s power to tax."

Frank Chodorov

July 2, 2009

“Over the past year, the amount of money in the U.S. has increased by almost exactly $1 trillion. This is a 70% increase from a year ago. And it will cause an approximately 70% increase in prices with a 1-2 year lag time.”

Howard Katz

“In Canada the cancer death rate is 16% higher than in the U.S. because of rationing of medical care. It takes an eight week wait to get radiation therapy for cancer.”

Dick Morris

"The wealth of the well-to-do of an industrial society is both the cause and effect of the masses’ well-being."

Ludwig von Mises

"Government aid impedes success and creates dependence, while entrepreneurs create success and independence."

Cal Thomas

"Government is not using modern technology so much to modernize and improve services as it is to regulate, punish, collect taxes and keep an eye on us. They’d rather rule than serve."

James Cook

July 1, 2009

“Financially and politically, America is in worse shape today than it has ever been in its entire history.”

Aubie Baltin

"The Welfare State is merely a method for transforming the market economy step by step into socialism."

Ludwig von Mises

"To finance ‘entitlement’ programs, the government threatens force against the taxpayers who provide the money. Why are people who favor compulsion called humanitarians, while those who favor freedom are stigmatized as greedy?"

John Stossel

"George Washington might have become our king, but chose not to. His governing idea was that government is our servant because we are inherently free. It is an idea too many in government today forget."

Dick Armey

"Victimhood and a ‘can’t do’ spirit is what the Democratic Party has mostly been about since the Great Depression."

Cal Thomas

June 30, 2009

“There are simply not enough new buyers of debt on this planet to support the spending programs of the United States government – and it appears that current holders of debt are beginning to sell.”

Eric Sprott and David Franklin

"The masses, in their capacity as consumers, ultimately determine everybody’s revenues and wealth."

Ludwig von Mises

"It is not from the benevolence of the butcher, the brewer or the baker that we expect our dinner, but from their regard to their own interest."

Adam Smith

"Is there another way? Of course there is. There is a way based on simple moral principles: Everyone keeps his own money. Everyone decides what to do with his own money. No income tax. No IRS. No government grants or assistance to anyone. All charity is voluntary. It’s called freedom. It’s a peaceful, harmonious way of life, one that Americans once believed in."

Jacob G. Hornberger

"I’ve repeated over a number of years a lesson learned repeatedly throughout history: Inflationism is a ‘Road to Ruin.’ This road has become all too visible."

Doug Noland

 

June 29, 2009

“In general, the art of government consists of taking as much money as possible from one class of citizens to give to another.”

Voltaire

“How does it become a man to behave towards the American government today? I answer, that he cannot without disgrace be associated with it.”

Henry David Thoreau

"All government operation is wasteful, inefficient, and serves the bureaucrat rather than the consumer."

Murray N. Rothbard

"The policies advocated by the welfare school remove the incentive to saving on the part of private citizens."

Ludwig von Mises

"Government intervention in the economy – through taxes, regulation and, most importantly, currency inflation – causes distortions and misallocations of capital that must eventually be unwound. The distortions degrade the general standard of living, and the economy goes into a recession (call that an incomplete cleansing). Or it goes into a depression – wherein the entire sickly structure comes unglued."

Doug Casey

June 26, 2009

“The past seventy-five years have seen the growth of government from a relatively small entity charged with defending the borders, adjudicating disputes and delivering the mail; to a bloated nightmare creature whose tentacles reach into every corner of our existence.”

Doug Hornig

"All almsgiving inevitably tends to pauperize the recipient."

Ludwig von Mises

"Politicians are also almost entirely ruled by popular fashion."

Martin Hutchinson

"The natural tendency of government, once in charge of money, is to inflate and to destroy the value of the currency."

Murray N. Rothbard

"Liberals have one solution for every economic issue; eat the seed corn."

James Cook

June 25, 2009

"Throughout history governments have been chronically short of revenue. The reason should be clear: unlike you and me, governments do not produce useful goods and services that they can sell on the market; governments, rather than producing and selling services, live parasitically off the market and off society."

Murray N. Rothbard

"Western civilization is based upon the libertarian principle and all its achievements are the result of the actions of free men."

Ludwig von Mises

"Never was it [Capitalism] imposed on life as a system, or at all. It grew out of life, not all at once but gradually, and is therefore one of the great natural designs. When it was found and identified by such men as Adam Smith, who wrote its bible, and Karl Marx, who wrote its obituary too soon, it was already working."

Garet Garrett

"The state always poses a greater threat to society than whatever problem it purports to solve."

Llewellyn H. Rockwell, Jr.

"Entrepreneurs do not simply do business the way everyone else does; instead, they find new resources or take existing resources and change them to create new goods or to enhance existing services. Over time, in a free-market setting, entrepreneurs lower real costs to customers."

William L. Anderson

June 24, 2009

"Unlike every other person and institution in society, government obtains its revenue from coercion, from taxation."

Murray N. Rothbard

"In the market economy the worker sells his services as other people sell their commodities. The employer is not the employee’s lord. He is simply the buyer of services which he must purchase at their market price."

Ludwig von Mises

"If people cannot limit government they will not for long be free."

Garet Garrett

"To concede that there are social problems that cannot be corrected without the state is to give up the entire argument over the future of liberty itself."

Llewellyn H. Rockwell, Jr.

"In the course of human events it is necessary, now and again, to dissolve our political bands with the ninnies who keep abandoning our founding principles. It used to be self-evident that our government’s role was primarily to protect certain unalienable rights, such as life, liberty and the pursuit of happiness. It used to be that our government did the bidding of the people – that any power it derived was solely through the consent of the governed. It used to be our country believed in limited government – that government at its best was a necessary evil and should be aggressively restrained."

Tom Purcell

June 23, 2009

“Mr. John Coleman, who invented the Weather Channel, represents over 30,000 scientists who cannot get their voices heard on the main stream media, since they hold a viewpoint on Global Warming that runs opposite to the government and media template. The voices of reason are being suppressed.”

Peter DeGraaf

"Monetary inflation not only raises prices and destroys the value of the currency unit; it also acts as a giant system of expropriation."

Murray N. Rothbard

"Government bailouts are like potato chips: You can’t stop with just one."

Thomas Sowell

"There is in government a living impulse to extend itself indefinitely; and there is in freedom a necessity to resist that impulse."

Garet Garrett

“Advice from others is always filtered through self interest.”

James Cook

June 22, 2009

“The unique aspect of today’s monetary inflation is that it is not limited to one country, but a host of countries are all inflating together. As a result of the monetary inflation (when all of the newly created money begins to leave the banks and enter the system), the price inflation will be worldwide.”

Peter Degraaf

“The entitlement mentality so carefully cultivated by liberal academics, politicians, clergymen, and journalists continues to corrode the self-sufficiency that once defined the American character.”

Mona Charen

"Monetary expansion is a massive scheme of hidden redistribution."

Murray N. Rothbard

"Whether we want to own up to it or not, the welfare state has done what Jim Crow, gross discrimination and poverty could not have done. It has contributed to the breakdown of the black family structure and has helped establish a set of values alien to traditional values of high moral standards, hard work and achievement."

Walter Williams

"Capitalism is the greatest system ever created for alleviating general human misery, and yet it breeds ingratitude."

Jonah Goldberg

June 19, 2009

"Statism is the disease that prescribes itself as the cure."

Barry Loberfield

"What’s most cruel about government intervention in the economy is not how it stops us from helping the poor, but how it stops the poor from helping themselves."

Barry Loberfeld

"I cannot undertake to lay my finger on that article of the Constitution which granted a right to Congress of expending, on objects of benevolence, the money of their constituents."

James Madison

"Government income redistribution programs produce the same result as theft. In fact, that’s what a thief does; he redistributes income. The difference between government and thievery is mostly a matter of legality."

Walter Williams

“The soul is that part of you in harmony with God.”

James Cook

June 18, 2009

"The way to maximize production is to maximize the incentives to production. And the way to do that, as the modern world has discovered, is through the system known as capitalism – the system of private property, free markets, and free enterprise."

Henry Hazlitt

"It is impossible to maintain a free society when more and more people look to the state to provide what Americans used to provide for themselves."

Warren Pollock

"If any behavior needs to be reined it, it should be the propensity of people to use the political system to take other people’s money."

Jeffrey A. Singer

"The private economy, not government, creates opportunity. Government should just deliver basic services well and then get out of the private sector’s way."

Steve Melanga

"In a social democracy with a fiat currency, all roads ultimately lead to inflation."

Bill Fleckenstein

June 17, 2009

The Federal Reserve, which has little or no real oversight by anyone, has ‘loaned’ two trillion dollars (that is $2,000,000,000,000) over the past few months, but will not tell us to whom or why or disclose the terms. That is our money. Yours and mine. And that is three times the $700 billion we all argued about so strenuously just this past September. Who has this money? Why do they have it? Why are the terms unavailable to us? Who asked for it? Who authorized it? I thought this was a government of ‘we the people,’ who loaned our powers to our elected leaders. Apparently not.”

David Kaiser

"When people leave it to others to stop the national government from taking unconstitutional actions that threaten liberty, they are free riding on other people’s efforts to preserve liberty. The difficulty, as with all public goods, is that everyone faces incentives to free ride. If most people free ride, liberty will perish.”

Charlotte Twight

"Taxation is the price we pay for failing to build a civilized society. The higher the tax level, the greater the failure."

Mark Skousen

"Our government officials create too many laws and spend too much money. It’s all because they claim to have the best interests of the people at heart when in fact, knowingly or unknowingly, they do not."

Jack Crooks

"If the history of welfare teaches us anything, it teaches us that government money is as addictive as any narcotic."

Michael D. Tanner

June 16, 2009

Do not forget that Germany was the most educated, the most cultured country in Europe. It was full of music, art, museums, hospitals, laboratories, and universities. And yet, in less than six years (a shorter time span than just two terms of the U.S. presidency) it was rounding up its own citizens, killing others, abrogating its laws, turning children against parents, and neighbors against neighbors. All with the best of intentions, of course. The road to hell is paved with them.”

David Kaiser

"The freedom of individuals from compulsion or coercion never was, and is not now, the normal state of human affairs. The normal state for the ordinary person is tyranny, arbitrary control and abuse mainly by their own government.”

Walter Williams

"New taxes are so unpopular that most ‘social’ handout schemes are originally enacted without enough increased taxation to pay for them. The result is chronic government deficits, paid for by the issuance of additional paper money."

Henry Hazlitt

"Time and again, experience has shown that while private enterprise, carried on in an environment of open competition, delivers the best products and services at the best price, government intervention stifles initiative, subsidizes inefficiency, and raises costs."

Burton W. Folsom, Jr.

“What is written is more influential than what is said.”

James Cook

June 15, 2009

“The Fed’s experiment with nuclear ‘Quantitative Easing,’ (QE) is backfiring. The borrowing costs that Bernanke & Company aim to drive lower, are instead, moving higher, despite the Fed’s stated commitment to buy $300-billion of long-term Treasury notes through August, with US-dollars rolling off its electronic printing press.”

Gary Dorsch

“Obama said, ‘Now let me be clear, issues of women’s equality are by no means simply an issue for Islam.’ No, he said, ‘the struggle for women’s equality continues in many aspects of American life.’ So on one hand, 12-year-old girls are stoned to death for the crime of being raped in Muslim countries. But on the other hand, we still don’t have enough female firefighters here in America.”

Ann Coulter

“Philosopher Bertrand Russell suggested that ‘Men are born ignorant, not stupid. They are made stupid by education.’ And, it was Albert Einstein who explained, ‘Insanity: doing the same thing over and over again and expecting different results.’ So which is it – stupidity, ignorance or insanity – that explains the behavior of my fellow Americans who call for greater government involvement in our lives?”

Walter Williams

“In its campaign rhetoric and policy platforms, modern liberalism is still selling what it has always sold: utopian promises for whiny adult children.”

Lyle Rossiter, Jr. MD

“Capitalism is the key to survival.”

Andrew J. Galambos

June 12, 2009

 

“In capitalism, profit does not come out of another man’s hardship; it comes out of new production of new wealth that’s never existed before.”

Andrew J. Galambos

"No warning can save a people determined to grow rich suddenly."

Samuel Lloyd

"There is no question that if one were to ask whether we Americans are moving towards more liberty or more government control over our lives, the answer would unambiguously be the latter – more government control over our lives. We might have reached a point where the trend is irreversible and that is a true tragedy for if liberty is lost in America, it will be lost for all times and all places."

Walter Williams

"The greatest dangers to liberty lurk in the insidious encroachment by men of zeal, well meaning but without understanding."

Louis Brandeis

"Money could never have originated as paper."

James Cook

June 11, 2009

“Anything short of the discipline and honesty of a true gold coin standard will inevitably self-destruct, consuming our wealth and liberties, and nurturing the omnipotent state.”

Lawrence W. Reed

“American society in recent years has been imitating behavior patterns that have produced negative – and sometimes catastrophic – consequences in many other countries around the world.”

Thomas Sowell

“The more prosperity you have, the quicker you … attract the looters and the plunderers…. And so when a country becomes richer it falls apart sooner.”

Andrew J. Galambos

"Government planning always involves compulsion."

Henry Hazlitt

"The policies advocated by the welfare school remove the incentive to saving on the part of private citizens."

Ludwig von Mises

June 10, 2009

“Hard money is free money, and it goes hand in hand with liberty and democracy. Fiat paper money is tyranny’s credit card.”

Tucker Alford

“Monetary reform, if it is to be genuine and successful, must sever money and banking from politics. That’s why a modern gold standard must have: no central bank; no fixed rations between gold and silver; no bail-outs; no suspension of gold payments or other bank frauds; no monetization of debt; and no inflation of the money supply, all of which have proved so disastrous in the past.”

Lawrence W. Reed

“The long-term cost of a welfare society is the infantilization of the population.”

Mark Steyn

“The cheap but simple human emotion of envy is the driving force of all socialism, of all anti-capitalist philosophy. It is the mark of the intellectual.”

Andrew J. Galambos

"The best way to help the poor is to slash taxes and allow savings, investment, and creation of jobs to proceed unhampered."

Murray N. Rothbard

June 9, 2009

"Barack Obama has fatally undermined our currency, our solvency, our financial stability, and – ultimately – our economy all to spend money that has had no economic effect!"

Dick Morris

"A federal bailout would spare California from having to make spending cuts needed to bring its budget into balance. The matter has become urgent since California voters rejected several tax-hiking ballot initiatives. Rather than taking the vote as a signal to dramatically curtail spending, the state turned to the feds. If they get a free pass, the politicians can avoid fixing any of their past mistakes or preparing California for the future."

Peter Schiff

"There is nothing the state can do, and which society needs done, that cannot be done far better by the market."

Llewellyn H. Rockwell, Jr.

"Business is society’s change agent."

Peter Drucker

"A free ride is life’s most difficult journey."

James Cook

June 8, 2009

"The government has lost all control of spending."

Matterhorn Asset Management

"There is no moral distinction between the act of a pickpocket and the progressive income tax."

Leonard E. Read

"Envy is always referred to by its political alias, ‘social justice.’"

Thomas Sowell

"The idea that even the brightest person or group of bright people, much less the U.S. Congress, can wisely manage an economy has to be the height of arrogance and conceit."

Walter Williams

"Each trillion dollars devoted to failure is a trillion that is not available for success."

Martin Hutchinson

June 5, 2009

"The system of plunder derives much of its support from individuals who do not subscribe to socialism but who say, ‘We’re paying for it, so we might as well get our share.’"

Leonard E. Read

"Libertarianism is a theory of politics that is so compelling that once you have absorbed it, it becomes the lens through which you end up understanding all economic and political events."

Llewellyn H. Rockwell, Jr.

"It is true that the top quintile is getting richer while the bottom is getting poorer, but the bottom is not the same people. There is, fortunately, a constant churning at the bottom as new immigrants move in and those who used to be on the bottom begin their long, thrilling upward climb to the American dream."

Dick Morris

"What does ‘economic justice’ mean, except that you want something that someone else produced, without having to produce anything yourself in return?

Thomas Sowell

"People get nicer as they get older.

James Cook

June 4, 2009

"The free market opens the way for men to operate at their moral best, and all observation confirms that the poor fare better under these circumstances than when the way is closed, as it is under socialism."

Leonard E. Read

"The road to a higher wage level is through savings and investment in the tools of production. There is no other."

W. M. Curtiss

"The market leaves the planning and managing to those who continuously prove their ability, whereas political class warfare tends to redistribute resources among those most likely to waste them."

Paul L. Poirot

"The free market is constantly under attack from those who believe that they know how to make the world a better place with properly administered doses of state coercion."

George C. Leef

"There is nothing the state can do, which society needs done, that cannot be done far better by the market."

Llewellyn H. Rockwell, Jr.

June 3, 2009

"True, the free market ignores the poor precisely as it does not recognize the wealthy – it is ‘no respecter of persons.’"

Leonard E. Read

"Centers of unionism are also the centers of unemployment."

Hans F. Sennholz

"The capitalistic free market system has been falsely blamed for booms and busts that in reality have been the result of government intervention, subsidy, deficit financing, and inflationary tampering with money and credit."

Paul L. Poirot

"Free enterprise is the sure and so far the only known way of constantly improving the well-being of mankind."

R. C. Hoiles

"The state has no wealth it hasn’t stolen, and the state has no assets whatsoever, except those which individuals have created in the first place and the state has taken."

Andrew J. Galambos

June 2, 2009

"Respect those who seek the truth, be wary of those who claim to have found it."

Mark Twain

"When it comes to deciding how much energy gets used, what types of energy get used, and where, how and by whom energy gets used – that job is too important not to be left to markets."

Keith O. Rattie

"I call both the left and right wings socialism. And today, the right-wingers love to think that they’re capitalists, or free enterprisers, or what not. No they’re not! The correct name for this is left-wing socialism or right-wing socialism – and both wings are on the same bird."

Andrew J. Galambos

"He is enslaved and debased who either volunteers or is forced to look to the taxing power of government for his livelihood."

Paul L. Poirot

"Employers know the nature of people best."

James Cook

June 1, 2009

"The hidden tax of inflation has been stealing people’s buying power for nearly a century, but the opportunity to profit from it only comes about once every generation…"

Casey Research Newsletter

"There’s only one thing to do with politics, and that is to survive it."

Andrew J. Galambos

"You can’t increase prosperity by taxing success."

Calvin Coolidge

"He [the Statist] is unmoved by reason, evidence, and history."

Mark R. Levin

"It’s just obvious you can’t have free immigration and a welfare state."

Milton Friedman

May 29, 2009

The chief business of the American people is business. They are profoundly concerned with buying, selling, investing and prospering in the world."

Calvin Coolidge

"Activity and creativity almost always flow to the least regulated arena."

George Gilder

"Capitalism is about turning luxuries into necessities."

Andrew Carnegie

"The Statist veils his pursuits in moral indignation, intoning in high dudgeon the injustices and inequities of liberty and life itself, for which only he can provide justice and bring a righteous resolution."

Mark R. Levin

"Worry not so much about other peoples morals but more about your own."

James Cook

May 28, 2009

"Since the majority of today’s politicians, it appears, have no greater joy in life than spending somebody else’s money, it is not surprising that they have exploited an atmosphere of panic during the onset of the recession to force through gigantic public spending programs that are now coming into effect, almost all of which bear no relationship whatever to economic recovery."

Martin Hutchinson

"Civilization and profits go hand-in-hand.

Calvin Coolidge

"America’s abundance was created not by public sacrifices to ‘the common good,’ but by the productive genius of free men."

Ayn Rand

"The evidence is thus crystal-clear. Modern welfare destroys. It does not build competence; it creates dependence…."

Peter Drucker

"Capitalism begins with giving."

George Gilder

May 27, 2009

"The gangster regime in Sacramento is an alliance between a corrupt and/or craven political class wholly owned by a public sector union-bureaucracy extortion racket. So what if the formerly Golden State goes belly-up? They’ll pass the buck to Washington, and those of us in nonprofligate jurisdictions will get stuck with the tab. At some point, the dwindling band of citizens still foolish enough to earn a living by making things, selling things or providing services other than government-funded program coordination will have to vote against not just taxes but specific agencies and programs – hundreds and thousands of them."

Mark Steyn

"The real killing aspect of CAFÉ is that it will mean the summary execution of perhaps one third to one half of all the vehicles in GM, Ford and Chrysler’s product lineups – including the best selling and most profitable models."

Eric Peters

"If increased government spending with borrowed or newly created money is a ‘stimulus,’ then the Weimar Republic should have been stimulated to unprecedented prosperity, instead of runaway inflation and widespread economic desperation that ultimately brought Adolf Hitler to power."

Thomas Sowell

"You know that great prejudice exists against all successful business enterprise – the more successful, the greater the prejudice."

John D. Rockefeller

"The state tells lies in all the languages of good and evil; and whatever it says it lies – and whatever it has it has stolen."

Friedrich Wilhelm Nietzsche

May 26, 2009

"Anyone, no matter how good his record of paying taxes, can be snared by the power of the taxing authorities."

Gregory Bresiger

"People try to live within their income so they can afford to pay taxes to a government that can’t live within its income."

Robert Half

"My reading of history convinces me that most bad government results from too much government."

Thomas Jefferson

"Capitalism is about turning luxuries into necessities."

Andrew Carnegie

"Self interest determines loyalty or betrayal."

James Cook

May 22, 2009

"He [Obama] is replacing the rule of law with the rule of men. This is a system that divides men into politically favored groups – the ones who are considered worthy of ‘empathy’ – and politically unfavored groups, who can expect their rights to be trampled and ignored."

Robert Tracinski

"Entitlement? How can you be entitled to someone else’s money?

John Stossel

"What we want is a government so small that it doesn’t matter where it is, what it does, who’s in it, or how it got there."

Libertarian Alliance

"Not only has the number of government employees multiplied in recent decades, but the rise of government unions further stacks the political odds against private citizens."

James Bovard

"Nobody heeds danger when they’re making money."

James Cook

May 21, 2009

"The idea that the law is not about ‘empathy’ but about ‘abstract legal theory’ is an ideal that men have fought for centuries to achieve. It is the idea that the meaning of the law of objective and predictable, that the law will be interpreted and administered only on the cold, factual merits of the case – that the scales of justice are tipped only by reasoning and evidence, and not by the judge’s emotional sympathy for one party over another. We call this ‘the rule of law,’ and the whole point of it is that the last thing you should have to think about when you enter a courtroom is whether or not the judge likes you."

Robert Tracinski

"If you really want to help the poor, help the rich. They’re the ones who will invest, build more factories, create more jobs."

William E. Simon

"Politics is largely the process of taking credit and putting the blame on others – regardless of what the facts may be."

Thomas Sowell

"Government is the natural enemy of freedom."

Garet Garrett

"Government spending cannot create additional jobs. If the government provides the funds required by taxing the citizens or by borrowing from the public, it abolishes on the one hand as many jobs as it creates on the other."

Ludwig von Mises

May 20, 2009

"Silver, at $13 or so a troy ounce, should be selling at well over $100 per ounce just to put it on the same level of price increases over the last century and a quarter.""

William Histed

"Governments don’t stabilize economies, economies stabilize governments."

Adam Brochert

"We have for some time warned investors that the era of the dollar as a reserve currency is coming to an end soon and that the strongest and safest currency is gold. All currencies are hopelessly declining in value against gold and this trend will accelerate in the next few months and years, starting now."

Egon von Greyerz

"This new lawless state, which has a hand in every important aspect of our lives and feels free to rewrite or override the law at will, is not just something that Obama is implementing in practice. He advocates it in theory, too."

Robert Tracinski

"The current administration and its wholly owned congressional partners have embarked on a course to destroy capitalism from every imaginable front."

David Limbaugh

May 19, 2009

"The radical changes Obama is bringing about in our nation can always be reversed. New taxes can be repealed or lowered. That which was nationalized can be privatized. Government that has grown can be cut. But once the health care system is extended to cover everyone, with no commensurate increase in the resources available, the change will be forever. The vicious cycle of cuts in medical resources and cuts in the number of doctors and nurses will doom health care in this country. This wanton destruction will not be reversible by any bill or program. A crucial part of our quality of life – the best health care in the world – will be gone forever."

Dick Morris

"This willy-nilly expansion of government power isn’t just about economics. The move that should make us most concerned is Obama’s attempt to make the government the sole source of funding for higher education. Obama’s plan would ‘expand the Pell Grant program, making it an entitlement akin to Medicare and Social Security. Key to the effort is a consolidation of student lending that would give the US Department of Education a near monopoly over the practice.’"

Robert Tracinski

"Call me an alarmist, but we are witnessing the beginning of the most frightening period of government tyranny in our nation’s history."

David Limbaugh

"What both the left and the right overlook is our Founders’ wisdom about the limits and dangers of government."

Edward H. Crane

"People rarely use advice."

James Cook

May 18, 2009

""Michael J. Copps, acting FCC chairman, has denounced the lack of racial and gender diversity in the broadcast industry as ‘a shameful state of affairs.’ Unsurprisingly, his proposed corrective is to force the transfer of station ownership to greater numbers of minorities, who are statistically more likely to carry liberal talk shows."

David Limbaugh

"Democrats can’t just vote for a politician, they have to fall in love with the guy. It’s like a high school girl’s crush. Their man is the smartest, handsomest, most witty, best spoken man ever to run for office."

Greg Crosby

"The president’s attempted diktat takes money from bondholders and gives it a labor union that delivers money and votes for him…. Shaking down lenders for the benefit of political donors is recycled corruption and the abuse of power."

Cliff Asness

"After the risky mortgage-lending practices fostered by government intervention led to massive defaults and foreclosures that caused financial institutions to collapse or be bailed out, Congressman Frank changed his tune completely."

Thomas Sowell

"Within two weeks of moving into the White House, Obama signed a series of executive orders championed by union bosses. The new rules authorized sweeping powers for the labor secretary that essentially blackball nonunion contractors targeted by labor organizers and blacklist nonunion employees in the private sector from working on taxpayer-funded projects."

Michelle Malkin

May 15, 2009

"I want to roll the dice a little bit more in this situation towards subsidized housing."

Barney Frank

"The government is a heartbeat away from nationalizing health care based on deliberate misinformation about the nation’s uninsured and despite the 100 percent failure rate of such fantastic reforms elsewhere on the globe."

David Limbaugh

"While President Barack Obama has, in one sense, tipped his hand by saying that he wants judges with ‘empathy’ for certain groups, he has in a more fundamental sense concealed the real goal – getting judges who will ratify an ever-expanding scope of the power of the federal government and an ever-declining restraint by the Constitution of the United States. This is consistent with everything else that Obama has done in office and is consistent with his decades-long track record of alliances with people who reject the fundamentals of American society."

Thmas Sowell

"There is nothing quite like a liberal when it comes to doling out compassion, love, and understanding… as long as it’s to other liberals."

Greg Crosby

"God has the experience that comes from billions of years."

James Cook

May 14, 2009

"Once you accept you’re a child in the government nursery, why shouldn’t Nanny tell you what to do?"

Mark Steyn

"By substituting the judgment of bureaucrats and political interests for the private knowledge of millions of entrepreneurs seeking the most productive use of labor and capital, government misallocates scarce resources that would be better spent increasing private-sector productivity – and along with it private incomes."

Jason Lewis

"During the 1930s, some of the leading intellectuals in America condemned our economic system and pointed to the centrally planned Soviet economy as a model – all this at a time when literally millions of people were starving to death in the Soviet Union, from a famine in a country with some of the richest farmland in Europe and historically a large exporter of food."

Thomas Sowell

"Politicians have immense power to do harm to the economy. But they have very little power to do good."

Walt Williams

"Most change in America doesn’t come from politicians. It comes from people inventing things and creating. The telephone, the telegraph, the computer, all those things didn’t come from government. Our world is going to get better and better, as long as we keep the politicians from screwing it up."

David Boaz

May 13, 2009

"I'd rather be robbed by an armed highway man than the politicians and their bankers. A highway man gets away from you as fast as he can and lets you alone. The politician robs you and stands there and insists he did it for your own good."

R. C. Hoiles

"The story of the Western world since 1945 is that, invited to choose between freedom and government ‘security,’ large numbers of people vote to dump freedom every time – the freedom to make your own decisions about health care, education, property rights, and a ton of other stuff."

Mark Steyn

"Barack Obama’s vision of America is one in which a President of the United States can fire the head of General Motors, tell banks how to bank, control the medical system and take charge of all sorts of other activities for which neither he nor other politicians have any expertise or experience."

Thomas Sowell

"Obama’s attitude toward the rule of law is apparent in the words he used to describe what he is looking for in a nominee to replace Justice David Souter. He wants ‘someone who understands justice is not just about some abstract legal theory,’ he said, but someone who has ‘empathy.’ In other words, judges should decide cases so that the right people win, not according to the rule of law."

Michael Barone

"To turn a free nation into a welfare state, the government must gain total control of what the nation uses as a medium of exchange, a money. They must then discourage savings by convincing the people that they are not required to save since the state will ‘provide.’"

Bill Buckler

May 12, 2009

"The stagnation of the Japanese economy in the past 20 years is eloquent testimony to the fact that government usually gets it wrong. Sometimes it makes the wrong decision because it fails to anticipate the market (as Japan did when it downplayed laptop computers and stressed mainframes)."

Dick Morris

"If grade inflation continues, a college bachelor’s degree will have just as much credibility as a high school diploma."

Walter Williams

"Diluting Chinese savings to bail out America’s failing banks and bankrupt households, though highly beneficial to the US national interest in the short term, will destroy the dollar’s global status. Ethnic Chinese demand for the dollar has been waning already. China’s bulging foreign exchange reserves reflect the lack of private demand for dollars, which was driven by the renminbi’s appreciation. Though this was speculative in nature, it shows the renminbi’s rising credibility and its potential to replace the dollar as the main vehicle of wealth storage for ethnic Chinese."

Financial Times

"A patriot must always be ready to defend his country – against his government."

Edward Abbey

"Government charity gives the most to those who refuse to help themselves; private charity gives less."

James Cook

May 11, 2009

"One of the greatest delusions in the world is the hope that the evils in this world are to be cured by legislation."

Thomas Reed

"Government is an association of men who do violence to the rest of us."

Leo Tolstoy

"The greater the power, the more dangerous the abuse."

Edmund Burke

"Government is inherently incompetent, and no matter what task it is assigned, it will do it in the most expensive and inefficient way possible."

Charley Reese

"The most politically painless way to hand out goodies, without taking responsibility for their costs, is to pass a law saying that somebody else must provide those goodies at their expense, while the politicians take credit for generosity and compassion."

Thomas Sowell

May 8, 2009

Welfare is the basic cause of the deleterious cultural changes we have witnessed in the West over the past 60 years."

Martin Durkin

‘The urge to save humanity is almost always a false front for the urge to rule."

H.L. Mencken

"Faith must be worked at."

James Cook

May 7, 2009

"As a very important source of strength and security, cherish public credit. One method of preserving it is to use it as sparingly as possible."

George Washington

"As crisis after crisis torments the American people, each gives ample opportunity to reiterate what we have been sharing all along: do not look to your oppressor, the government, for solutions to the very problems it created."

Christine Smith

"The welfare state has bred a generation of obnoxious, drug-addled criminals and ne’er-do-wells. It has also, incidentally, burdened what was once the world’s biggest, most dynamic economy with the dead weight of an obstructive and vastly expensive state machine."

Martin Durkin

May 6, 2009

"It’s a hard truth for Americans to face, that neither team in Washington is going to guard what we love the most. That is something we are going to have to face. Liberty is for the citizens to guard themselves."

Lew Rockwell

"Fundamentally, America is a place for independent men – which is why it attracts independent thinkers from around the world. But the current push toward a dominant role for government in our economy – with the government running automakers, hospitals, universities, banks, and who knows what else – threatens to change our culture at the deepest level, converting us into a population of compliant rule-followers."

Robert Tracinski

May 5, 2009

"Guido Hulsmann points out in his new book, The Ethics of Money Production, that ‘governments inflate the money supply because they gain revenue from inflation.’…The techniques are different today but the incentive and moral result are the same. Hulsmann points to another change: today’s princes have ‘received absolution from the scientific authorities of our day.’ Princes used to work in secret to do these things, and be disgraced when caught. Now they announce the policy as responsible statecraft that is consistent with the teaching of modern economics – and the economists stand ready to nod their heads in agreement."

Lew Rockwell

"When your mind tries to verify a preconceived notion you can miss the obvious."

James Cook

May 4, 2009

Without market prices for capital goods, accounting is not possible. You don’t know if you are making money or losing money, saving resources or wasting them, doing the right thing or not doing the right thing."

Llewellyn H. Rockwell, Jr.

"America became a great civilization thanks to a culture based on the value of having to earn almost everything an American got in life. As it abandons this value, it will become a mediocre civilization. And eventually it will not be America. It will be a large Sweden, and just as influential as the smaller one."

Dennis Preger

"People who believe in ‘universal health care’ show remarkably little interest – usually none – in finding out what that phrase turns out to mean in practice, in those countries where it already exists, such as Britain, Sweden or Canada. For one thing, ‘universal health care’ in these countries means months of waiting for surgery that Americans get in a matter of weeks or even days."

Thomas Sowell

May 1, 2009

"Policemen and laws can never replace customs, traditions and moral values as a means for regulating human behavior. At best, the police and criminal justice system are the last desperate line of defense for a civilized society. Our increased reliance on laws to regulate behavior is a measure of how uncivilized we’ve become."

Walter Williams

"The more the state gives to its citizens, the less they have to earn. That is the basic concept of the welfare state – you receive almost everything you need without having to earn any of it. About half of Americans now pay no federal income tax – but they receive all government benefits just as if they had paid for, i.e., earned them."

Dennis Prager

"Once you’re in heaven it makes no difference when you got there."

James Cook

April 30, 2009

"Riskier mortgage lending practices, imposed by government, were what set the stage for many mortgage payments to stop and thus for the financial disasters that followed. Political rhetoric, echoed in the media, seeks to obscure that painfully plain fact."

Thomas Sowell

"During the 1940s, my family lived in North Philadelphia’s Richard Allen housing project. Many families didn’t lock doors until late at night, if ever. No one ever thought of installing bars on their windows. Hot, humid summer nights found many people sleeping outside on balconies or lawn chairs. Starting in the ‘60s and ‘70s, doing the same in some neighborhoods would have been tantamount to committing suicide. Keep in mind that the 1940s and ‘50s were a time of gross racial discrimination, high black poverty and few opportunities compared to today. The fact that black neighborhoods were far more civilized at that time should give pause to the excuses of today that blames today’s pathology on poverty and discrimination."

Walter Williams

April 29, 2009

"Clearly, the Fed is obliged today to engage in Quantitative Easing (QE), which vis-à-vis President Obama’s 10-year Trillion Dollar Annual Rescue Program will necessitate astronomical amounts to be monetized – subsequently causing the money supply to orbit."

Oracle

"The love of lucre, though sometimes carried to a ridiculous excess, a vicious excess, is the grand cause of prosperity to all States."

Jerry Z. Muller

"Bad laws are the worst sort of tyranny."

Speech at Bristol (1780)

"It becomes clear Obama seeks to elevate his image by turning the Bush administration into a moral pariah. However, his decisions are undoing the edifice that protected this nation for seven years – and even his administration publicly fears his latest move alone will supercharge al-Qaeda recruitment. As a whole, his Homeland Security policy is either a stunning series of unmitigated naivete, megalomania, spite for President Bush, or hatred of his own country."

Ben Johnson

"The New York Times is most definitely a left-wing concern that is openly contemptuous of the conservative, traditional point of view. That is the primary reason the paper may soon dissolve. "

Bill O’Reilly

April 28, 2009

"Obama does not believe in individual upward mobility. He would penalize it, tax it, regulate it, inveigh against it and disincentivize it. We will be like salmon swimming upstream to mate. We will overcome the currents, the waterfall, the rocks and the predators, and will grapple our way up the stream. Then, at the top of the waterfall will stand Obama the Bear, waiting to scoop us up and have us for dinner. The taxman cometh."

Dick Morris

"Banana Ben Bernanke has grown the monetary base from just $842 billion in August 2008 to a record high of $1,723 billion as of April 2009."

Michael Pento

"The reason our economic crisis has been forestalled is the reason there will be an economic crisis."

James Cook

April 27, 2009

"At the moment, there is great appetite for buying US Treasury Bonds – even though interest rates are close to 0%. However, if investors felt that bonds were not as secure as they hoped, then people would rush to sell their bonds and buy other assets such as commodities – and this would cause a rise in the money supply, resulting in devaluation in the dollar."

Oracle

"It is true that the top quintile is getting richer while the bottom is getting poorer, but the bottom is not the same people. There is, fortunately, a constant churning at the bottom as new immigrants move in and those who used to be on the bottom begin their long, thrilling upward climb to the American dream."

Dick Morris

"The Chairman of the Federal Reserve has deluded himself into thinking that when the time comes, he will be able to shrink the size of the Fed’s balance sheet and reduce the monetary base with both ease and impunity. He also has deluded himself into thinking inflation will be easily contained. It is very important that he does not fool you, as well."

Michael Pento

April 24, 2009

"Quantitative easing is modern day version of printing money."

Oracle

"As the global economy slows and the risk of corporate default increases, it remains to be seen whether CDS contracts act as instruments of risk reduction or amplify risk. Recent debates about and regulatory proposals to regulate CDS markets show a disappointing and limited awareness of these issues, most worryingly amongst people who claim to know!

Satyajit Das

"Getting is more fun than having."

James Cook

April 23, 2009

"The Federal Reserve’s efforts at debasing the U.S. dollar are likely to succeed, damaging the greenback’s value against other currencies, spiking oil prices and boosting domestic consumer price inflation."

John Williams

"Civilization is not an evolution of mankind but the imposition of human good on human evil. It is not a historical inevitability. It is a battle that has to be fought every day, because evil doesn’t recede willingly before the wheels of progress."

Andrew McCarthy

"Obama’s perverse view of fairness threatens to create reverse incentives, militating against growth, jobs, expansion and upward mobility."

Dick Morris

April 22, 2009

"An essential point in the social philosophy of interventionism is the existence of an inexhaustible fund which can be squeezed forever. The whole system of interventionism collapses when the fountain is drained off: The Santa Clause principle liquidates itself."

Ludwig von Mises

"For Social Security to be financially sound, the federal government should have $100 trillion – a sum of money six-and-a-half times the size of our entire economy – in the bank and earning interest right now. But it doesn’t. And while many believe that Social Security represents our greatest entitlement problem, Medicare is six times larger in terms of unfunded obligations."

John C. Goodman

"If Bernanke raises rates substantially to fight inflation, banks will be paying out more on deposits than they collect on their income streams. Couple that with their already distressed balance sheets and look out!"

Michael Pento

April 21, 2009

"We seem to be moving steadily in the direction of a society where no one is responsible for what he himself did but we are all responsible for what somebody else did, either in the present or in the past."

Thomas Sowell

"Either the Baby Boomers are not going to have the retirement life that they expect or taxpayers are going to be hit with a tremendously huge bill. Or both."

John C. Goodman

"Time flies when you’re running out of money."

James Cook

April 20, 2009

"What does ‘economic justice’ mean, except that you want something that someone else produced, without having to produce anything yourself in return?

Thomas Sowell

"From the inception of our nation our American ancestors intended for the United States to operate under a precious-metals monetary system or, more specifically, under a monetary system in which people used gold and silver coins rather than paper money as the media of exchange."

Jacob G. Hornberger

"We’re looking at a huge gap between what an entire generation thinks is going to happen during its retirement years and the funds that are there – or, more accurately, are not there – to make good on all those promises."

John C. Goodman

April 17, 2009

"How a man who holds the entire population of a country as his prisoners, and punishes the families of those who escape, can be admired by people who call themselves liberals is one of the many wonders of the human mind’s ability to rationalize. Yet such is the case with Fidel Castro."

Thomas Sowell

"The federal government has made explicit and implicit promises to millions of people, but has put no money aside in order to keep those promises. Some of you may wonder where Bernie Madoff got the idea for his Ponzi scheme. Clearly he was studying federal entitlement policy."

John C. Goodman

"The power of faith to ease our suffering is God’s love."

James Cook

April 16, 2009

"We are living in a time when the very integrity of the Constitution is being threatened daily, from federal bailouts to federal assumption of control over private business."

David Limbaugh

"Growth demands investment, and investment demands stability. So the more Obama stirs the pot with his proposals and potential changes, the more he retards exactly the investment he needs to get the economy moving again."

Dick Morris

"To promote the sales of GM vehicles, Obama says the government will stand by your GM car warranty. And all the taxpayers will get a lube job."

Ann Coulter

April 15, 2009

"President Bush, yes, spent money like a drunken sailor, and left the nation with a record $400-billion deficit. President Obama, however, is spending far more money than Bush, with a record $1.8 trillion deficit projected for his first year."

Dr. Paul Kengor

"In a speech at the just-concluded G20 summit in London, President Obama urged Americans not to let their fears crimp their spending. It would be unwise, he argued, for Americans to let the fear of job loss, lack of savings, unpaid bills, credit card debt or student loans deter them from making major purchases. According to the president, ‘we must spend now as an investment for the future’….instead of saving for the future, we must spend for the future."

Peter Schiff

April 14, 2009

"If you throw enough money at the system, the money has to go somewhere. Typically, it seeks out a paper asset. You could have stocks going up, because they’re hyper-inflating the money supply."

Eric Sprott

"President Obama’s recommended reduction in the tax deduction for charitable giving reflects his fundamental belief that only the government can or should help the poor. He wants to keep the impoverished directly dependent on the government – and the Democratic Party – for their daily bread."

Dick Morris

"It’s not up to God for us to use the gift of faith."

James Cook

April 13, 2009

"There is no greater dishonesty than man effecting his own private gains at the expense of others."

Leonard Read

"To say Congress and the President are spending like drunken sailors would be an insult to drunken sailors."

Brien Lundin

April 10, 2009

"After university many decades ago, yours truly worked for six months at the Ford Assembly line in Oakville and it was definitely a taste of the real world after too many hours spent at a lefty-university studying economics.

"We weren’t on the job four days when all of a sudden they had a wobble…because a worker didn’t like what a foreman had said to him and 7000 people head to the gates. Then of course, the other impressionable event that I will never forget was the last shift before Christmas. At that time, the Oakville assembly line became the biggest bar on the face of the earth as you saw drinks going down the line to certain people and of the 400 plus cars produced that day, only 40 passed quality inspection.

"The plant was run by the Union, not by the Company over three decades ago and I don’t think much has changed."

David Pescod

"Our religious understanding and beliefs should evolve just like everything else."

James Cook

April 9, 2009

""There is simply no way to sustain an economy based on consumer credit."

Peter Schiff

"Disobedience is the true foundation of liberty. The obedient must be slaves."

Henry David Thoreau

April 8, 2009

"It is production that creates purchasing power, not the printing press!"

Peter Schiff

"The death of paper money and the unsound system built upon it is occurring before our eyes. Gold has sensed this for years."

Douglas V. Gnazzo

"Socialistic practices are now so ingrained in our thinking, so customary, so much a part of our mores, that we take them for granted."

Leonard Read

April 7, 2009

"The only way to buy more is to produce more."

Peter Schiff

"Americans will need liquidity to finance all their measures and they will balance this with the sale of their bonds but this will undermine the liquidity of the global financial market…. All of these steps, these combinations and permanency is the road to hell."

Czech Prim Minister Mirek Topolanex

"If you throw enough money at the system, the money has to go somewhere. Typically, it seeks out a paper asset. You could have stocks going up, because they’re hyper-inflating the money supply."

Eric Sprott

"We are coerced into faith by our suffering."

James Cook

April 3, 2009

"When the coercive power of government is used to equalize incomes, it guarantees less prosperity across the board and spreads the misery, which is one of the many reasons Marxism and socialism have failed everywhere they’ve been tried."

David Limbaugh

"On the economy and the president, loyal readers will remember that during my campaign, my biggest beef with Obama was his lack of any macroeconomic training. Given that I teach this subject at business school and given that I’ve seen thousands of really smart people pass through my classroom over the years have a really hard time understanding this stuff, I don’t have a lot of confidence that even someone who is as quick a study as Barack Obama will be able to master the intricacies of the macro economy anytime soon. That means that Obama will remain at the mercy of his team of advisers and while they are all smart, none of them are as smart as they think they are or need to be."

Pater Navarro, Ph.D.

"No role in life is more important than to be a good mother."

James Cook

April 2, 2009

"Printing money is merely taxation in another form."

Peter Schiff

"Gold is no longer an investment. Gold is no longer a portfolio item. Gold is certainly not a trading vehicle. Gold is your lifeline and I mean that literally."

Jim Sinclair

"No segment of the population has lost more by the agendas of the liberal constituencies of the Democratic Party than the black population. The teachers’ unions, environmental fanatics and the ACLU are just some of the groups to whose interests blacks have been sacrificed wholesale. Lousy education and high crime rates in the ghettos, and unaffordable housing elsewhere with building restrictions, are devastating prices to pay for liberalism."

Thomas Sowell

April 1, 2009

"If it wasn’t for articulate conservatives like Ann Coulter, both the Republican Party and the country would be in even worse shape than they are now, for there are extremely few articulate Republican politicians who can make the case for any principle. Certainly Ms. McCain’s father is not one of them."

Thomas Sowell

"Any fool can make a rule, and any fool will mind it."

Henry David Thoreau

"Never in our history have we been headed at such breakneck speed toward our own financial, political and cultural destruction. One can only pray that before it’s too late, enough Democrats will come to their senses and help get this freight train under control."

David Limbaugh

March 31, 2009

"Envy is always referred to by its political alias, ‘social justice.’"

Thomas Sowell

"America has squandered the human sacrifice, blood, sweat and tears of two generations in less than seventy years."

Jim Quinn

"Today’s unions are less Mobbed-up than those of yesteryear to be sure, but they’re hardly above tactics that would be considered intimidating and coercive."

Jonah Goldberg

"We recommend using the Fed chair’s economic outlooks as a contrarian indicator – if he says the market looks good, run for cover as fast as you can."

Casey Research

"We evolved without social welfare and we are equipped to solve our problems without it."

James Cook

March 30, 2009

"Securities based on risky mortgages are what toppled financial institutions but it was the government that made the mortgages risky in the first place, by making home-ownership statistics the holy grail, for which everything else was to be sacrificed, including commonsense standards for making home loans."

Thomas Sowell

"Government is now an insolvent enterprise. Government is a Ponzi scheme. Government is a fraud. Government is a bubble that must burst."

Michael S. Rozeff

"Does President Obama truly believe that he can castigate and condemn Wall Street on Monday, Wednesdays and Fridays and then secure its cooperation on the other days of the week?

Dick Morris and Eileen McGann

"If the machine of government is of such a nature that it requires you to be the agent of injustice to another, then, I say, break the law."

Henry David Throeau

March 27, 2009

"No man bears more responsibility for the present worldwide financial crisis and coming depression than Alan Greenspan."

Bill Bonner

"No one pushed harder than Congressman Barney Frank to force banks and other financial institutions to reduce their mortgage lending standards, in order to meet government-set goals for more home ownership. Those lower mortgage lending standards are at the heart of the increased riskiness of the mortgage market and of the collapse of Wall Street securities based on those risky mortgages."

Thomas Sowell

"Virtually anything is more stimulating than conversations with strangers at social gatherings."

James Cook

March 26, 2009

"It is precisely those members of Congress who have had the most to do with creating the risks that led to the current economic crisis who are making the most noise against others, and summoning people before their committee to be browbeaten and humiliated on nationwide television."

Thomas Sowell

"The statist never learns from his policy failures. He is never deterred by the destruction he causes. Negative data are simply rejected, as with his steadfast allegiance to failed Keynesian economics."

David Limbaugh

March 25, 2009

"It is no accident that many of the worst periods of hyperinflation are preceded by deflation. In fiat currencies with high levels of government debt, severe cases of deflation cause a loss of confidence in the nation’s currency by shrinking the economy and making the government’s debt appear increasingly unsustainable. The loss of confidence then causes the flow of money to speed up as individuals become desperate to exchange cash for real goods as fast as possible, producing hyperinflation."

Eric deCarbonnel

"Money will always turn up when there is a potential for profit."

James Cook

March 23, 2009

"The worst elements to date of the systemic-solvency and economic crises may be about to unfold. Such is suggested not only by the accelerating economic freefall, but also by a sharp slowing in broad money growth. The latter element suggests an intensifying crisis in the U.S. financial system that could lead to a rapid and near-term monetization of U.S. Treasury debt by the Federal Reserve. Despite any near-term market volatility and systemic instabilities, the long-range outlook for much higher U.S. inflation and a much weaker U.S. dollar remains in place."

John Williams

March 20, 2009

"In the wake of the housing debacle in California, more people are buying less expensive homes, making bigger down payments, and staying away from ‘creative’ and risky financing. It is amazing how fast people learn when they are not insulated from the consequences of their decisions."

Thomas Sowell

"Forced to the ramparts to defend Rush Limbaugh against spurious, low-down attacks from the Obama White House and assorted Obamedia, conservatives, in their understandable zeal to defend a salient voice of conservatism, are letting the real enemy slip away unnamed. Who would that be? The answer is George W. Bush, whose stealthy political legacy stands as taking what is popularly known as ‘conservatism’ on a disastrously leftward lurch."

Diana West

"You can’t suffer over two things at once."

James Cook

March 19, 2009

"An ETF is not a substitute for owning physical gold. It defeats one of the main reasons to own gold during these times; namely, the fact that gold is nobody else’s liability. This is not the case with GLD. It is essentially a creditor, whose assets are somebody else’s promise."

Eric Sprott & Sasha Solunac

"It’s one thing to maintain that upper-income earners should pay higher tax rates because they are better able to shoulder the burden for essential government services. But it’s constitutional blasphemy to claim that the tax code should be used as a weapon against the wealthy and that the state should be the tyrannical arbiter of how income is distributed."

David Limbaugh

"Study after study, not only here but in other countries, show that the most affordable housing is where there has been the least government interference with the market – contrary to rhetoric."

Thomas Sowell

March 18, 2009

"On Feb. 19, ACORN members will launch a new tactic in fighting foreclosures: civil disobedience. Participants in the ACORN Home Savers campaign nationwide will simply refuse to move out of foreclosed homes, or in some cases, will move back in. ACORN homesteaders intend to squat in their homes until a comprehensive, federal solution for people facing foreclosure is put in place."

ACORN

"The US government is bankrupt just like Citigroup, just like AIG, just like Fannie Mae."

Eric Sprott and Sasha Solunac

"New and expanded refundable tax credits would raise the fraction of taxpayers paying no income taxes to almost 50% from 38%. This is potentially the most pernicious feature of the president’s budget, because it would cement a permanent voting majority with no stake in controlling the cost of general government."

Michael Boskin

"Obama is ratcheting up his class warfare to levels that would make Marxists blush."

David Limbaugh

March 17, 2009

"The idea that even the brightest person or group of bright people, much less the U.S. Congress, can wisely manage an economy has to be the height of arrogance and conceit."

Walter Williams

"Pimco’s Gross stated recently that if the Fed buys US Ts, then they won’t. For the Fed to move to actually buying the US’s own treasury bonds would be immediately perceived as printing money directly to fund the US and that is totally verboten in the bond markets, and could lead to a flight out of USD and US treasuries."

Chris Laird

"Each trillion dollars devoted to failure is a trillion that is not available for success."

Martin Hutchinson

"In the polling booth narrow self interest wins out over lofty principles."

James Cook

March 16, 2009

"Malmo, with its 280,000 residents, is Sweden’s third-largest city. To see a physician, a patient must go to one of two local clinics before they can see a specialist. The clinics have security guards to keep patients from getting unruly as they wait hours to see a doctor. The guards also prevent new patients from entering the clinic when the waiting room is considered full. Uppsala, a city with 200,000 people, has only one specialist in mammography. Sweden’s National Cancer Foundation reports that in a few years most Swedish women will not have access to mammography."

Walter Williams

"The stimulus bill includes about $100 billion to education. By ‘education,’ Democrats don’t mean anything a normal person would think of as education, such as learning how to talk good. ‘Education’ means creating lots of useless bureaucratic jobs, mostly in Washington, having nothing to do with teaching."

Ann Coulter

"ACORN offices, funded with your tax dollars, are training teams of ‘Home Savers’ – described as ‘people ready and willing to mobilize on short notice to defend the homesteaders against attempts to evict them.’ Ready, willing and able to mobilize on short notice because they are either unemployed or employed full time as ACORN shakedown artists…. ACORN has waited three decades for this moment in the sun. And as Obama promised ACORN members at a forum in December 2007, ‘We’re going to be calling all of you in to help us shape the agenda. We’re gonna be having meetings all across the country … so that you have input into the agenda.’ The moment is nigh. Prepare for lawlessness."

Michelle Malkin

"Both HUD and the Department of Justice began bringing lawsuits against mortgage bankers when a higher percentage of minority applicants than white applicants were turned down for mortgage loans. A substantial majority of both black and white mortgage loan applicants had their loans approved but a statistical difference was enough to get a bank sued."

Thomas Sowell

March 13, 2009

"After a Canadian has been referred to a specialist, the waiting list for gynecological surgery is four to 12 weeks, cataract removal 12 to 18 weeks, tonsillectomy three to 36 weeks and neurosurgery five to 30 weeks."

Walter Williams

"President Lyndon Johnson’s administration was known for his War on Poverty. President Obama’s will become notable for his War on Prosperity. We’re speaking, of course, of Obama’s plans to hike income taxes on the most wealthy 2 or 3 percent of the nation. He’s not just raising the top rate to 39.6 percent; he’s also disallowing about one-third of top earner’s deductions, whether for state and local taxes, charitable contributions or mortgage interest. This is an effective hike in their taxes by an average of about 20 percent."

Dick Morris & Eileen McGann

"Obama liberals, in their incalculable arrogance, believe they are smart enough to defy everything we know about human nature, economics and history by insisting on separating financial efforts from rewards and pretending this can bring prosperity."

David Limbaugh

"To use ones religion as a rationalization for lack of financial success demeans that faith."

James Cook

March 12, 2009

"Can you imagine that with only a month in office, the projected deficit is already $1.75 trillion on a $3.75 trillion budget? I can’t even fathom what it will really end up being once the Congress gets through with all its supplemental spending bills and additional bailouts that we don’t know about yet; combined with what I am sure will be a tremendous shortfall in revenue (tax receipts). All I can think of is, "Stay Bearish and Buh Gold."

Aubie Baltin

"A recent study by David Green and Laura Casper, ‘Delay, Denial and Dilution,’ written for the London-based Institute of Economic Affairs, concludes that the World Health Organization calculated that Britain has as many as 25,000 unnecessary cancer deaths a year because of under-provision of care."

Walter Williams

"Virtually throughout its history, and certainly in the 20th century, California has been known as the place to go for dynamism and growth. It did not become the richest, most populous, and most productive state solely because of its weather and natural resources. So it takes a lot to turn California around from growth to contraction, from people moving into the state to a net exodus from the state, from business moving into California to businesses leaving California. It takes some doing. And the Left has done it."

Dennis Prager

"While they take to the streets politically, untold numbers of America’s wealth producers are going on strike financially. Dr. Helen Smith, A Tennessee forensic psychologist and political blogger, dubbed the phenomenon ‘Going Galt’ last fall. It’s a reference to the famed Ayn Rand novel ‘Atlas Shrugged,’ in which protagonist John Galt leads the entrepreneurial class to cease productive activities in order to starve the government of revenue. (Not coincidentally, Rand’s novel sales are up and John Galt references punctuated many of the Tea Party Demonstrations.)"

Michelle Malkin

March 11, 2009

"The forces of collectivism are using the cover of the crisis they largely created, aided and abetted by capitalism’s quislings to roll over the individual."

David Galland

"I hate to be a wet blanket, but the American consumer isn’t coming back and the consequences of this fact have yet to be realized by the financial markets, foreign manufacturers, domestic retailers or politicians."

James Quinn

"Almost no one understands how the system works. The New York Times decides on an issue and starts hammering away on its front page. Most every other newspaper in the country then picks up the issue. Then the network news and the news weeklies join in. Pretty soon, all organs of opinion are saying the same thing. The few dissenters are treated as though they do not exist."

Howard Katz

"Today more than ever, I am convinced that we are in a pattern similar to 1929 – 1932 and I am still looking for that last 1930 type suck-in rally that trapped everyone, including all the bears, into thinking that the 50% sell-off in 1929 constituted the whole of the Bear Market. Don’t be fooled! Any coming rally will be similar to the 1930’s rally and not mark the end of today’s Bear – the crash of 1932 still lies dead ahead."

Aubie Baltin

March 10, 2009

"Until the Left took over American public education in the second half of the 20th century, it was generally excellent – look at the high level of eighth-grade exams from early in the 20th century and you will weep. The more money the Left has gotten for education – America now spends more per student than any country in the world - the worse the academic results. And the Left has removed God and dress codes from schools – with socially disastrous results."

Dennis Prager

"If those in power have the same dislike for markets and the same exaggerated faith in government that FDR had, and if the New Deal is to be the model for legislation in 2009, then we shouldn’t be surprised if we end up with similarly painful economic conditions."

Dr. Mark W. Hendrickson

"Hot new degree course topics for business students around the world will surely be ‘The Weimar Republics of Germany and the United States, 1920 and 2009’, and ‘Zimbabwe and the United States – from riches to rags’. So US Treasuries are the ultimate sucker play – zero yield and a bear market to boot – why not save yourself the trouble and walk out into the street and stuff your money straight down the drain?"

Clive Maund

"You don’t need to be a rocket scientist to grasp that unless we put the brakes on our out-of-control federal government soon, we will go the way of all other great nations before us."

David Limbaugh

"There is nothing very religious about feeling superior to those who don’t share your views."

James Cook

March 9, 2009

"Instead of poor America on socialism becoming more like rich America on capitalism, rich America on capitalism is becoming like poor America on socialism."

Star Parker

"We think of prices as simply the notation of how much we must pay for things. But the price system accomplishes far more than that. Hundreds of millions of people buying and selling, and abstaining from buying and selling, generate a system of signals – prices to producers and consumers about relative scarcities and demand. Through this system, consumers can convey to producers their subjective priorities and entrepreneurs can invest accordingly."

Sheldon Richman

"The ideological descendents of the communist/progressive Left that spent its capital hoping the West would lose the Cold War to the Soviet Union are today’s leftist core. Based on their hatred for the United States, the Left has forged a symbiotic relationship with radical Islam, whose hatred for America equals theirs. Both make it clear that they consider Western civilization evil and unworthy of preservation. Violent revolution is the Left’s path to change; the Jihadists’ follow the path of war and annilation."

Ben R. Furman

"One of the many striking similarities between today’s crisis and the Great Depression is that Democratic spin-masters are engaged in an all-out propaganda campaign to blame the 2008 financial panic on market behavior rather than on the government intervention that actually caused it. They are borrowing a page from the long-time strategy of New Deal apologists, who fallaciously attribute the Great Depression to ‘market failure,’ rather on the radical government intervention that disrupted and suppressed the ability of markets to function."

Dr. Mark W. Hendrickson

"What generations created, the Left destroys. There are few productive and noble institutions in America that the Left has not hurt or attempted to hurt. But while the Left destroys a great deal, it constructs almost nothing (outside of government agencies, laws, and lawsuits)."

Dennis Prager

March 6, 2009

"We think of prices as simply the notation of how much we must pay for things. But the price system accomplishes far more than that. Hundreds of millions of people buying and selling, and abstaining from buying and selling, generate a system of signals – prices – to producers and consumers about relative scarcities and demand. Through this system, consumers can convey to producers their subjective priorities and entrepreneurs can invest accordingly."

Sheldon Richman

"The legacy of American socialism is our blighted inner cities, dysfunctional inner city school and broken black families."

Star Parker

"We have suffered more from this cause [paper money] than from every other cause or calamity. It has killed more men, pervaded and corrupted the choicest interests of our country more, and done more injustice than even the arms and artifices of our enemy."

Daniel Webster

"In a bull market the crooks make money. In a bear market the crooks go to jail."

Wall Street Adage

"Why is it so hard to see that when America had high savings, low taxes and minimal government, the economy grew like a weed, and today when we have just the opposite, the economy is shrinking?

James Cook

March 5, 2009

"The public sector can only feed off the private sector; it necessarily lives parasitically upon the private economy. But this means that the productive resources of society – far from satisfying the wants of consumers – are now directed, by compulsion, away from these wants and needs. The consumers are deliberately thwarted, and the resources of the economy diverted from them to those activities desired by the parasitic bureaucracy and politicians."

Murray Rothbard

"In the not too distant future, the Fed will be forced to raise interest rates in an attempt to save the dollar and stop inflation from exploding into hyperinflation."

Aubie Baltin

The amount of money creation within the United States in the past year is completely unprecedented throughout history. It is hard to consider a scenario where this does not lead to the destruction of the dollar and hyperinflation."

Jason Hamlin

"Collapse in the value of the currency necessarily forces a major redistribution of wealth, and the segment of the population that is most devastated by this seems to always be the same. It’s the retirees, and the people close to retirement. When we look to Germany, when we look to Argentina, when we look to Russia – it is the pensioners who are impoverished more than any other group."

Daniel Amerman

"Instead of solving economic problems, government welfare socialism created monstrous moral and spiritual problems – the kind of problems that are inevitable when individuals turn responsibility for their lives over to others."

Star Parker

March 4, 2009

"Our government has just finished spending upwards of $15 trillion and what have we got to show for it? An economy that is sinking deeper and deeper into the worst recession since the 1930’s and dragging the rest of the world down with us. However, this time, instead of being the world’s largest financial super power, our country is now in the worst financial condition in its history and the powers that be are doing their best to panic us into doing the same as what got us into this situation in the first place."

Dr. Aubie Baltin

"Every action that the government takes to try to solve our problems will only exasperate the economic meltdown. Thus far they seem determined to be our economic saviors despite a clear and demonstrated failure to grasp basic economic theory."

Jason Hamlin

"The looming problem (and it is a gigantic one) is the growing suspicion that the banking system CANNOT be ‘fixed’. This suspicion is growing inside the circles of political and financial power. Worse, much worse, it is starting to emerge OUTSIDE those circles. Americans – and Canadians and Australians and ‘Brits’ and Frenchmen and Russians and Germans and almost everyone else – have been watching these ever more frantic efforts to ‘reflate’ the system for nearly two years now. They have seen no positive results. In fact, they have seen that every successive ‘stimulus’ makes the situation WORSE."

Bill Buckler

"Well, 90% of stock market volume is done by institutions, and half of that is done by the world’s 50 largest investment firms, deeply committed, vastly well prepared – the smartest sons of bitches in the world working their tails off all day long. You know what? I don’t want to play against those guys either."

Charles Ellis

"The state is not an organism capable of bringing either moral or material improvements to the populace…but merely a vehicle of power for the men and party in power."

Niccolo Machiavelli

March 3, 2009

"The adage ‘follow the money’ will be hard to apply in the current administration, when there is so much money going in all directions that it is doubtful whether anybody can follow it."

Thomas Sowell

"When government ‘creates jobs’ by taking money from the private sector and ‘investing’ in favored projects, it is not truly productive activity. Rather, the government has preempted the economic process, forbidding it to serve consumers so that it can instead serve the objectives of politicians and bureaucrats."

Sheldon Richman

"One of the most important features of our economic resources is their scarcity: land, labor, and capital goods factors are all scarce, and may all be put to various possible uses. The free market uses them ‘productively’ because the producers are guided, on the market, to produce what the consumers most need: automobiles, for example, rather than buggies."

Murray Rothbard

"Perhaps investors are finally figuring out that the government is incapable of stimulating the economy. They can only redistribute wealth. There is no magic pill that can suddenly turn things around, restore the record number of lost jobs or alleviate our mounting debt. We have to liquidate malinvestment, allow poorly run businesses (including banks) to fail and start over with a system that allows the free market to flourish."

Jason Hamlin

"The only reasonable outcome of a nation’s sins is to learn not to repeat them."

James Cook

March 2, 2009

"One of the most important skills for political success is the ability to make confident assertions of absurdities or lies."

Thomas Sowell

"Never forget that no government has wealth of its own to spend. The money has to come from taxation, monetary inflation, or debt expansion that must be paid later. And government’s spending choices will always be uneconomic relative to how society would use that wealth. That is to say, the money will be wasted."

Lew Rockwell

"Inflation is not a benign element in the economy’s operation. It is, as it has always been, the most dangerous and destructive form of taxation."

Robert Higgs

"Government interference with the economic process represents a substitution of political for consumer objectives."

Sheldon Richman

"The most ludicrous notion of all is that the mere act of borrowing and spending the borrowed money can either sustain or resuscitate an economy."

Bill Buckler

"Tell me something that everybody doesn’t already know and that’s when you will have something of value on which to act."

Aubie Baltin

February 27, 2009

"Our economic problems worry me much less than our political solutions, which have a far worse track record."

Thomas Sowell

"Until the 1930s, the Constitution served as a major constraint on federal economic interventionism. The government’s powers were understood to be just as the framers intended: few and explicitly enumerated in our founding document and its amendments. Search the Constitution as long as you like, and you will find no specific authority conveyed for the government to spend money on global-warming research, urban mass transit, food stamps, unemployment insurance, Medicaid, or countless other items in the stimulus package and, even without it, in the regular federal budget."

Robert Higgs

"Increasingly Bigger Government is signalling the fall of the America we have known and loved. By creating persons who are SOMETHING FOR NOTHING citizens, and once Obama’s tax cuts for those who don’t pay taxes are implemented, the economic illiterates will constitute 60% of the US population. That is an enormous percentage of the population that will be completely illiterate when it comes to economics and therefore incapable of making good decisions."

Dr. Aubie Baltin

"A state empowered to do what is supposedly necessary will restrain itself to those things. It will expand as much as public opinion will tolerate."

Llewellyn H. Rockwell, Jr.

"Seeds sewn in adversity bear the greatest fruit."

James Cook

February 26, 2009

"When half of the people get the idea that they do not have to work because the other half is going to take care of them, and when the other half gets the idea that it does no good to work because somebody else is going to get what they work for, that my dear friend, is about the end of any nation."

Ayn Rand

"If the U.S. Treasury auctions begin to fail, not only will the U.S. be incapable of kiting checks to itself – it will trigger a global flight to safety in Gold and Silver, while initiating a stampede for the exits out of U.S. dollar-denominated assets."

Dr. Aubie Baltin

"At some point the Japanese, Chinese and Saudi buyers of US and European Government bonds will see just what miserable value they offer. Then governments may have to stop all the runaway spending and bailouts and even put up interest rates."

Luke Johnson

"There is nothing the state can do, and which society needs done, that cannot be done far better by the market."

Llewellyn H. Rockwell, Jr.

"Inflation is not a benign element in the economy’s operation. It is, as it has always been, the most dangerous and destructive form of taxation."

Robert Higgs

February 25, 2009

"The U.S. Federal Reserve suggested last week that it was going to step up its treasury-buying activity, and the mainstream media interprets this as a form of market support. What it actually is evidence of growing anxiety and desperation on the part of the Fed as the realization dawns that demand for treasuries is progressively evaporating."

James West

"More frightening to me than any policy or politician is the ease with which the public is played for fools with words. The latest example is the ‘Employee Freedom of Choice Act,’ a bill that will do away with secret ballot elections among workers voting on whether to be represented by a union. It is an open invitation to intimidation – which is to say, loss of freedom of choice."

Thomas Sowell

"In explaining the Constitution, James Madison, the acknowledged father of the Constitution, wrote in Federalist Paper 45: ‘The powers delegated by the proposed Constitution to the Federal government are few and defined. Those which are to remain in the State governments are numerous and indefinite. The former will be exercised principally on external objects, as war, peach, negotiation, and foreign commerce.’ Has the Constitution been amended to permit Congress to tax, spend and regulate as it pleases or have Americans said, ‘To hell with the Constitution’?"

Walter Williams

"At every other workplace in the nation – even Mal-Mart! – workers are being laid off. But no one at any of the bloated government bureaucracies ever need fear receiving a pink slip. All 64,750 employees at the department of Health and Human Services are apparently absolutely crucial to the smooth functioning of the department."

Ann Coulter

February 24, 2009

"The prospect of the United States defaulting on its debt is not just likely. It’s inevitable, and imminent."

James West

"To compare a few people in government making decisions based on limited information to millions and millions of people making decisions every second with their own hard-earned money, there’s just no comparison there."

Paul Atkins

"Until and unless you discover that money is the root of all good, you ask for your own destruction. When money ceases to be the tool by which men deal with one another, then men become the tools of men. Blood, whips and guns – or dollars. Take your choice – there is no other – and your time is running out."

Ayn Rand

"The interventionist policy (big government) provides thousands and thousands of people with safe, placid, and not too strenuous jobs at the expense of the rest of society."

Ludwig von Mises

"The government endangers us with our own money."

James Cook

February 20, 2009

"Watching the stimulus debate is quite unnerving; we are witnessing eloquent politicians and confident bureaucrats that are really clumsy and clueless about the economy…. It is like watching a team of podiatrists ready to perform brain surgery."

Paul Mladjenovic

"When we have gold, we are in fear; when we have none, we are in danger."

John Ray, English Proverb

"With confidence in currencies shaken to the core, the yellow metal is increasingly assuming the role of ‘the most trusted currency.’ We have never seen such a rush to buy gold."

Gary Dugan, Chief Investment Officer, Merrill Lynch, February 3, 2009

"The Fed is pushing a variety of workarounds that would inject trillions in new money into the economy while bypassing the banking system altogether. Time will tell whether or not this will succeed. Meanwhile, a serious danger lurks around the corner. Once the recession is over, the lending will start again. With fractional-reserve banking and limitless supplies of cash on hand, we will likely see the overall price trends reversed, from deflation to inflation to possible hyperinflation."

Lew Rockwell

"We should worry about our own souls first and trust in God’s plan for others."

James Cook

February 19, 2009

"The most pernicious of his [Obama] proposals will be the massive Make Work Pay refundable tax credit. Dressed up as a tax cut, it will be a national welfare program, guaranteeing a majority of American households an annual check to ‘refund’ taxes they never paid. And it will eliminate the need for about 20% of American households to pay income taxes, lifting the proportion that need not do so to a majority of the voting population."

Dick Morris & Eileen Mc Gann

"The City of London is finished, the financial center of the world is moving east. All the money is in Asia. Why would it go back to the west? You don’t need London."

Jim Rogers

"When half of the people get the idea that they do not have to work because the other half is going to take care of them, and when the other half gets the idea that it does no good to work because somebody else is going to get what they work for, that my dear friend, is about the end of any nation."

John Gault/Ayn Rand

February 18, 2009

"Contrary to the belief that Obama is America’s Lightworker who can defy political gravity, H.R. 1, the American Recovery and Reinvestment Act of 2009, guarantees more of the same old borrow-spend-panic-repeat cycle that got us into our current mess in the first place."

Michelle Malkin

"Just as it is said there are no atheists in foxholes, so too is it difficult to find libertarians during a financial crisis."

Rob Parenteau

"Whether government finances its added spending by increasing taxes, by borrowing, or by inflating the currency, the added spending will be offset by reduced private spending. Furthermore, private spending is generally more efficient than the government spending that would replace it because people act more carefully when they spend their own money than when they spend other people’s money."

Richard Wagner

"On the TV front, the uber-liberal, Bush-hating MSNBC network ranked 31 in total day ratings for the first two weeks of January. I think that’s right behind the ‘Roller Derby Channel.’ General Electric, which owns NBC, has taken a sharp turn to the left in its corporate philosophy and, at the same time, is watching its stock price decline from about $50 a share to around $13. The fact that GE CEO Jeffrey Immelt still has his job ranks up there with the miracle of the U.S. Airways water landing."

Bill O’Reilly

"Ronald Reagan cut taxes to raise the deficit to stop liberals in future years from increasing spending. Obama will raise spending to raise the deficit to stop conservatives in future years from cutting taxes. As he funds every liberal dream – from alternative energy production to infrastructure renovation to more federal revenue sharing – he will force a massive expansion in the size of government for a decade to come."

Dick Morris

February 17, 2009

"ACORN, you may recall, is the left-wing activist group with longtime ties to community organizer-turned-President Barack Obama. The nonprofit, which now takes in 40 percent of its revenues from American taxpayers after four decades on the public teat, has a history of engaging in voter fraud, corporate shakedowns, partisan bullying and pro-illegal immigration lobbying. The Democrats’ stimulus proposals could make the group – and its lesser known but even more radical ideological allies – eligible for upward of $5 billion in new public cash."

Michelle Malkin

"The rules in this new ‘post-partisan’ era are pretty simple: If the Democratic Party wants it, it’s ‘stimulus.’ If the Republican Party opposes it, it’s ‘politics’ – as in headlines like this: ‘Obama Urges GOP To Keep Politics To A Minimum On Stimulus.’ These are serious times: As the president says, it’s the worst economic crisis since the Thirties. So politicians need to put politics behind them and immediately lavish $4.19 billion on his community-organizing pals at the highly inventive ‘voter registration’ group ACORN for ‘neighborhood stabilization activities."

Mark Steyn

"If you would like an empirical law of government behavior, it is in that in a panic or threatened financial collapse, governments intervene – every government, every party, every country, every time."

Alex Pollock

"If you put two economists in a room, you get two opinions, unless one of them is John Maynard Keynes, in which case you get three opinions."

Winston Churchill

"You cannot rectify grievances from the past with today’s charity."

James Cook

February 16, 2009

"In the Western world, countries that were once the crucible of freedom are slipping remorselessly into a thinly disguised serfdom in which an ever higher proportion of your assets are annexed by the state as superlandlord. Big government is where nations go to die – not in Keynes’ ‘long run,’ but sooner than you think."

Mark Steyn

"If it were possible to lift real economic growth by means of money pumping, world poverty would have been eradicated a long time ago. Real economic growth requires real savings to fund various activities that support and promote it."

Aubie Baltin

"We will shortly become like Germany, France, the United Kingdom, or Sweden – a socialist democracy in which the government dominates the economy, determines private-sector priorities and offers a vastly expanded range of services to many more people at much higher taxes."

Dick Morris

"Imagine you see a person at work taking buckets of water from the deep end of a swimming pool and dumping them into the shallow end in an attempt to make it deeper. You would deem him stupid. That scenario is equivalent to what Congress and the new president proposes for the economy."

Walt Williams

February 13, 2009

"Keynes died in 1946, but the Keynesian fallacy – that money for nothing (government spending without increased productivity) can boost the economy – lives on, impervious to the evidence disproving it. To be sure, many economists dismiss it – several hundred of them, including Nobel laureates Edward Prescott, Vernon Smith, and James Buchanan, issued a public statement last week calling it ‘a triumph of hope over experience to believe that more government spending will help the US today.’"

Jeff Jacoby

"House GOP Leader John Boehner on Monday rightly sounded the alarm over billions in stimulus tax dollars that could potentially go to the Association of Community Organizations for Reform Now (ACORN). But the Republican leadership has only scratched the surface over what amounts to a bottomless slush fund for a bigger coalition of housing entitlement thugs."

Michelle Malkin

"If printing money is going to fix the problem, why is a country like Zimbabwe in total ruin after doing just that?

Aubie Baltin

"Suffering perfects the soul."

James Cook

February 11, 2009

"There’s a rumor going around that states cannot go bankrupt. This rumor is not true."

German Chancellor Angela Merkel

"You do not become more prosperous by writing yourself a check. Economic growth is the result of creating new wealth, not redistributing existing wealth. The federal government cannot conjure prosperity out of thin air. Any money it spends – whether on highways or Pell grants, Medicaid or tax rebates – it must first tax or borrow from somewhere else. A trillion dollars pumped into the economy tomorrow is a trillion dollars siphoned out of the economy today – a trillion dollars no longer available to the private sector for investment or consumption. Enlarging Washington’s spending power will not enlarge the economy."

Jeff Jacoby

"The hastily crafted [stimulus] bill, with its corrupt funding of ACORN and other favors, is a disgracefully irresponsible effort to expand the public sector, diminish the private sector, empower the autocrats, and further divest us of our individual liberties – all at the expense of present and future generations."

David Limbaugh

"In the real world, banks hang onto their money for fear of making bad loans, no matter how many bailouts or stimulus packages Washington passes."

Dick Morris & Eileen McGann

"We can never right the wrongs of the past."

James Cook

February 6, 2009

"This is an era in which Government’s lust for your savings is excessive. Government has no treasury, no secret stash from which it can stimulate or bailout. Government needs the savings that you have and even what you may produce in the future. Never before has a global economy been so hungry for savings and so unprepared to pay for it. Make sure you pick the stores of value for your savings with great care lest you lose the liberty."

Sarel Oberholster

"If you would like an empirical law of government behavior, it is in that in a panic or threatened financial collapse, governments intervene – every government, every party, every country, every time."

Alex Pollock

"With the trouble the British Pound, the Ruble, the Euro, the Korean Won, and the USD are facing, and then add this pending competitive currency devaluation, gold will be the final measure of the whole situation. It will rise relentlessly in all of these currencies."

Chris Laird

"Knaves will come and knaves will go."

James Cook

February 5, 2009

"With a congressional mandate to run the deficit up as high as need be, there is no reason to raise taxes now and risk aggravating the depression. Instead, Obama will follow the opposite of the Reagan strategy. Reagan cut taxes and increased the deficit so that liberals could not increase spending. Obama will raise spending and increase the deficit so that conservatives cannot cut taxes. And, when the economy is restored, he will raise taxes with impunity, since the only people who will have to pay them would be rich Republicans."

Dick Morris

"Reaching across the political aisle’ and ‘putting politics aside’ always entail selling out the right and putting conservative principles aside. How about preventing the damage done by Democratic meddlers trying to get their ‘things done’? How about getting more things undone?"

Michelle Malkin

"Politicians love it when the victims of their policies are invisible and the beneficiaries visible. Why? Because the beneficiaries know for whom to vote and the victims do not know who is to blame for their plight."

Walter Williams

"Any so-called stimulus program is a ruse. The government can increase its spending only by reducing private spending equivalently."

Richard Wagner

February 4, 2009

"The dependency on the dole, formerly limited in pre-Clinton days to 14 million women and children on Aid to Families with Dependent Children, will now grow to a clear majority of the American population."

Dick Morris

"To this day, we are still subsidizing millionaires in agriculture because farmers were having a tough time in the 1930s. We have the Federal National Mortgage Association ("Fannie May") taking reckless chances in the housing market that have blown up in our faces today, because FDR decided to create a new federal housing agency in 1938. Who knows what bright ideas this administration will turn into permanent institutions for our children and grandchildren to try to cope with?"

Thomas Sowell

"The stimulus package being discussed is politically smart but economically stupid."

Walter Williams

"The transfer of monetary value in the process of monetary intervention is entirely without conscience. The redistribution is most telling in taking away from those unable to raise credit and gifting to those most able to raise credit. Is it really necessary to underscore the hypocrisy of redistributing away from the unsophisticated, the poor and the pensioner, for who are the members of society to whom access to credit is restricted? What hardship hides behind the contorted and convoluted explanations to justify the monetary redistributions as in the national interest?"

Sarel Oberholster

February 3, 2009

"In the name of short-term stimulus, he [Obama] will give every American family (who makes less than $200,000) a welfare check of $1,000 euphemistically called a refundable tax credit. And he will so sharply cut taxes on the middle class and the poor that the number of Americans who pay no federal income tax will rise from the current one-third of all households to more than half. In the process, he will create a permanent electoral majority that does not pay taxes, but counts on ever-expanding welfare checks from the government."

Dick Morris

"Capital, and injections of same, are entirely different. Capital is PRODUCTIVE plant and tools. Capital is NOT the monetary value of such plants and tools. This is what Fed Chief Bernanke has reversed in his own mind! Clearly, from the words out of his own mouth, he thinks that if he injects a huge sum of money in the US financial system, then in an act of spontaneous generation, a matching quantity of new plant and tools on their factory floors will spring forth! This is not economics. This is magic, with Mr. Bernanke as the magician in chief."

Bill Buckler

"History has shown us that ‘Get Things Done’ is mindless liberal code for passing ineffective legislation and expanding government for government’s sake."

Michelle Malkin

"When you are aggrieved you learn."

James Cook

February 2, 2009

"The dependency on the dole, formerly limited in pre-Clinton days to 14 million women and children on AFDC, will now grow to a clear majority of the U.S. population."

Dick Morris

"Business is society’s change agent."

Peter Drucker

"Public radio and public television – already funded with your money to the tune of some $400 million in direct federal handouts and tax deductions for contributions made by individual viewers, not to mention untold state grants and subsidies – are demanding a hugetastic chunk of the stimulus pie. That’s right: Government-supported NPR and PBS want even more of a bailout than they’ve lived off of for the last 40 years. According to Current.org, which covers public TV and radio, the two entities along with the Corporation for Public Broadcasting have petitioned Obama for $550 million in funding to help create more workers suckling on the public teat."

Michelle Malkin

"The Obama ‘stimulus’ plan is a $1 trillion dollar gamble more suited to Las Vegas than Washington."

Cal Thomas

January 30, 2009

"As a new president takes office and elevates global warming alarmism to official federal policy, much of America is experiencing record low temperatures. While the deep freeze amounts to little more than irony, Americans should nevertheless take what could well be a last opportunity to reconsider the cliff off which Barack Obama, Al Gore and the rest of the global warming industry want us to jump."

Steven Milloy

"He [Obama] will so sharply cut taxes on the middle class and the poor that the number of Americans who pay no federal income tax will rise from the current one-third of all households to more than half. In the process, he will create a permanent electoral majority that does not pay taxes, but counts on ever expanding welfare checks from the government."

Dick Morris

"In late 2008, Akio Mikuni, president of Japanese credit ratings agency Mikuni & Co., suggested that Japan should write-off its holdings of Treasurys because he believed that the U.S. government would struggle to finance increasing debt levels let alone repay the borrowings. He suggested that debt forgiveness was the only way out of the problem."

Satyajit Das

"The ever-increasing cost of the yet-to-be-seen stimulus is like chum in the water for lobbyists circling to snap up some taxpayer cash for their clients."

Steve Ellis

January 29, 2009

"America’s strength lies not in its one-ness, but in its diversity of beliefs and efforts. And it will take all our strength in the coming years to combat global warming alarmism and to keep America from falling into the totalitarian green abyss."

Steven Milloy

‘Obama’s name will be mud by 2012 and probably by 2010, as well. And the Republican Party will make big gains and regain much of its lost power. But it will be too late to reverse the socialism of much of the economy, the demographic change in the electorate, the rationing of health care by the government, the surge of unionization and the crippling of talk radio."

Dick Morris

"Many hedge funds put off liquidating positions taking refuge behind ‘gates’ – the new buzzword for suspending redemptions to prevent hapless investors taking out their vanishing investment capital."

Satyajit Das

"The Obama plan to spend $1 trillion to stimulate our economy has the 17,000 lobbyists in Washington DC swarming like voracious locusts over a field of crops. It will be the biggest pig roast in the history of our country. These lobbyists will utilize the $3 billion per year they spend (bribe) to ‘influence’ policymakers like there is no tomorrow."

James Quinn

January 27, 2009

"Such a massive correction over such a short period gives producers very little time to adjust their ore reserve base to accommodate lower prices. Hence, the main defence mechanism on the part of producers has been to shut down loss-making operations. In addition, many of the world’s mines have been operating at full tilt to take advantage of higher pricing and, as such, the best grades will already have been mined. The same applies for development projects that have now been frozen to preserve cash and allow further study at lower metal prices. This supply response will sow the seeds of the next metals cycle but demand has to stop falling first."

George Topping & Michael Scoon

"George W. Bush has certainly taught us that government really can’t be trusted to be very effective, or open, or smart. He has also taught us that government can always get bigger on every level and every way."

Nick Gillespie

"Easier will always win out over harder."

James Cook

January 26, 2009

"The time will come, and probably during 2009, that the only way the U.S. will be able to fund its deficits is to create money by printing it. The Treasury will have to sell bonds, and, in the absence of foreign buyers, the Fed will have to print the money to buy them. The consequence will be runaway inflation, increasing interest rates, recession, and inevitable tax increases on all Americans."

Casey Research

"By contrast, in the commercial world, the properties are fewer and much bigger. For example, you may have ten properties in a commercial pool that ultimately works its way into CDOs. Those loans are huge. You may have a shopping center loan in there for $25 million and an office building loan for $30 million dollars. As a result, if you have a default on just one of those loans, you can effectually wipe out all of the subordinate tranches. And that is why when you see the problems begin to appear on the commercial front, it’s going to be a much quicker sort of devolution than we saw on the residential side."

Andy Miller

"The greatest transfer in wealth in history from those that store their wealth in paper to those that don’t is unfolding right before our very eyes. It will continue until the G7 reforms its monetary system to reflect SOUND money."

Ty Andros

January 23, 2009

"This is an epic event; we’re talking about the end of a 20-year secular credit expansion that went absolutely parabolic from 2001-2007. Before the US economy can truly begin to expand again, the savings rate must rise to pre-bubble levels of 8%, that the US housing stocks must fall to below eight months’ supply, and that the household interest coverage ratio must fall from 14% to 10.5%. It’s important to note what sort of surgery that is going to require. We will probably have to eliminate $2 trillion of household debt to get there, this will happen either through debt being written off, as major financial institutions continue to do, or for consumers themselves to shrink their own balance sheets."

David Rosenberg

"Billions of debt needs to be refinanced in the next two years and there is no one willing to make those loans. The major mall developers are so terrified they have made an all out press to get their fair share of the TARP. As retailers go bankrupt, vacancy rates have reached 9.4% for shopping centers, according to CoStar Group. With virtually no demand, rental income is plunging. With cap rates eroding and operating expenses going up, a perfect storm will hit mall developers in 2009."

James Quinn

"Any nation that allows the government to dominate its monetary and economic policies will ultimately suffer grave consequences."

James Cook

January 22, 2009

"These massive expansions to the US monetary base increase the probability of a complete collapse in the confidence of the value of the US dollar. This shift in sentiment would spark a hyperinflationary fate to the world’s de facto reserve currency."

Mike Hewitt

"Peak credit has been reached. That final wave of consumer recklessness created the exact conditions required for its own destruction. The housing bubble orgy was the last hurrah. It is not coming back and there will be no bigger bubble to replace it. Consumers and banks have both been burnt, and attitudes have changed."

Mike Shedlock

"Our government has made a whole lot of promises that, in the long run, it cannot possibly keep without huge tax increases."

David Walker

January 21, 2009

"Fraud will always exist. Enforcement of anti-fraud laws is a useful deterrent, but in the end there’s no substitute for investor vigilance. Government regulations provide a false sense of security – and that’s worth less than no sense of security at all."

John Stossel

"The Socialist, Populist takeover of the world’s education systems has made sure that there are NO Economists from either side of the aisle that even know what real Capitalism is, let alone understand it."

Aubie Baltin

"Republicans are already on seriously thin ice, having presided over an era of unprecedented spending and consistently failing to articulate conservative principles on a wide variety of issues. But what Obama has in store will make President Bush appear, in retrospect, like a libertarian."

David Limbaugh

January 20, 2009

"The recent CPI report revealed that consumer prices plunged by a bone-chilling 1.7% in November alone. If it continues at that pace for a year, it will be a 20% deflation – fully twice the plunge in consumer prices that we saw during The Great Depression (1929-1946). No wonder Fed Chief Bernanke panicked. No wonder he slashed interest rates to a range between .25% and ZERO! But even Bernanke’s desperation play doesn’t have a snowball’s chance of ending this Depression spiral we are in. Doing more of what got us into this Socialist mess in the first place is insanity. Can’t they see that $8.5 trillion of Socialist pump priming is not working?"

Aubie Baltin

"Current government regulation interferes with honest voluntary exchanges by imposing arbitrary terms and requiring tons of paperwork disclosing information no one wants anyway."

John Stossel

"It’s easier to have faith in yourself if you have faith in God."

James Cook

January 19, 2009

"Any fiat currency is only as good as the faith people have in its central bank. In 2009, we believe this faith will be severely tested, especially in a depression scenario where the desire for competitive debasement may be too tempting to resist."

Eric Sprott

"If the DOT.COM and REAL ESTATE Bubbles were caused by the FED’s massive pump priming, why should we expect that continuing to do more of the same will produce better results? Does everyone not see that the Booming Government Bond Market Bubble, now $13 trillion and growing fast; is only within a ½% of coming to an end? When it bursts, the bubble and the resulting damage will dwarf every other bubble in history. Why is everyone rushing headlong into Treasuries, locking in negative returns for as long as 30 years? Hasn’t the Bursting Bubbles and the MADOFF fiasco taught anybody anything?

Aubie Baltin

"President-elect Obama has already named his candidate to run the Treasury. An historical opportunity has been missed. The very same people who engineered and orchestrated the present crisis will be put in charge to rectify it."

Ron Struthers

January 16, 2009

"This scandal underscores the need for a 21st century regulatory approach," writes Arthur Levitt Jr., former chairman of the Securities and Exchange Commission (SEC), in the Wall Street Journal. Notice the disconnect. Regulation failed, so we need more regulation. I see it differently. Regulation failed, so let’s try free markets. That would be a change."

John Stossel

"One third of the $15 trillion of mortgages in existence in 2008 are owned, or securitized by Fannie Mae, Freddie Mac, Ginnie Mae, the Federal Housing and the Veterans Administration. Wall Street buyers of repackaged loans didn’t mind buying risky paper because they assumed that they would be guaranteed by the federal government: read bailout from the taxpayers. Today’s housing mess can be laid directly at the feet of Congress and the White House."

Walter Williams

"Investment spending not only creates consumption, but more importantly, it creates JOBS and by definition, increases productivity. Furthermore, it does not cost the government anything and most important of all, it is self liquidating. The investment process just keeps on rolling along until government gets greedy and interferes again by increasing corporate taxes."

Aubie Baltin

"Hardly anything works out as well as we hope."

James Cook

January 15, 2009

"The truly bold thing for Obama to do would be to tell the panic-mongers and boondoggle-seekers to shove it, and to tell taxpayers to ride out the rest of the tough times while he gets Washington’s own economic house in order."

Michelle Malkin

"The Feds ‘zero interest rate’ policy is designed to try and force money back out onto the risk spectrum, back into the markets to re-inflate. Truly, this ‘cash is trash’, it earns nothing and in many cases investors will have to pay fees to hold the cash. The value of this cash (US$) is doomed to depreciate."

Ron Struthers

"Most people won’t like the suggestion that we dump regulation for free markets. We can’t let markets run themselves, they’ll say. Someone has to protect the unsuspecting from conmen. The Madoff case shows why this view is wrong. We’ve always been told that regulation of financial markets protect the least knowledgeable investors. Sophisticated people know what they are doing and can fend for themselves. But Madoff’s alleged Ponzi scheme is fascinating precisely because it caught some very knowledgeable people. They knew Madoff. Everyone trusted him, including the regulators. That’s one reason those savvy investors gave him their money. But there is surely another reason. Since the 1930s, investors have been led to believe the regulatory system watches out for dishonest investment schemes. That creates a false sense of security – and sets people up to be conned."

John Stossel

"The long-held rule that the Fed is only to deal in the highest quality and most liquid securities has been thrown out the window."

Eric Sprott

January 14, 2009

"Instead of basic roads and bridges, infrastructure spending will go to bloated unions overseeing pie-in-the-sky construction projects like the $30 billion-plus high-speed rail line from Los Angeles to San Francisco, which California officials fully expect to be funded."

Michelle Malkin

"In the USA, our Federal Reserve can produce massive inflation by printing money and creating bonds out of thin air, but they cannot produce a recovery. The ending is going to be beyond ugly and 2009 could get the brunt of it all."

Roger Weigand

"Never before have we had 10’s of trillions of dollars in hidden derivative time bombs, a proposed rescue plan representing over 9% of US GDP, and a society that increasingly believes the government not only owes it but will make good on its promise of a comfortable lifestyle."

Brent Cook

January 13, 2009

"Washington continues to encourage ever more ill-considered lending in a misguided attempt to stave off needed market corrections. The currently proposed combination of a nationwide infrastructure spending orgy plus tax-cut bribes does nothing to remedy that."

Michelle Malkin

"While the USA has had nasty bouts with inflation in our history, I cannot remember a super-hyperinflation event like the one lurking in the road just ahead. This one will not only be a Doozie but should out perform Tulipmania, The South Sea Bubble, Enron, Mr. Madoff, and a host of other financial bubble-disasters all rolled into one.

Roger Weigand

"No nation that lives off of other people’s money can be great and America will not be the exception to the rule."

Dow Theory Analysis

"In any given age it is only a few extremists who are right."

James Cook

January 12, 2009

"The US Treasury market is teetering on the verge of total collapse, which will be brought about by the cessation of liquidation funds flowing in, leading to a collapse in the dollar exacerbated by the zero attractiveness of zero interest rates coupled with massive increases in the money supply in the US to bail out the banks and Wall Street."

Clive Maund

"Regrettably, many people believe that their leaders can always positively control the future. It is a mistaken belief that always costs them dearly. Every market move is always followed by a reaction. The bigger the up move the bigger the down side. There is no historical comparison with the sheer magnitude of the worldwide investment mania that is currently in force. Thus, the down side threatens to rock the very foundations of capitalism and democracy. As Epicitus put it, ‘the extreme of any position will ultimately become its opposite.’ As night follows day, a boom is always followed by a bust; the bigger the boom the bigger the bust. The bust always catches the majority unawares, coming as it does from a zenith of apparent prosperity and speculative excess. At this time, the crowd is imbued with an impetuous fervor encouraged by the affirmations of its leaders."

Ian Gordon

"George Bush, Henry Paulson and Ben Bernanke have decided to seize money from the vast majority of Americans who lived within their means, utilized debt sparingly, and worked hard to get ahead, and give it to the most appalling failures in our society."

James Quinn

"Madoff’s scam was small compared to Ponzi schemes the government itself runs: Social Security and Medicare."

John Stossel

January 9, 2009

"Great bear markets have tended to end when the dividend yield on the Dow reaches around 6%. At today’s 3.6%, the Dow is currently far away from 6%. Assuming that current dividends hold (which they won’t), the Dow would have to descend into the 5000’s to produce a dividend yield of 6%."

Richard Russell

"When we allow our education system to be taken over by the far left, who promptly become entrenched by instituting a program of tenure so you can’t get rid of them; we end up with all economists, politicians and journalists especially the ones who graduate from the real seats of power (Harvard, Princeton and Yale), using text books written by Socialists.""

Aubie Baltin

"The entire global economy is disappearing into the black hole of the greatest depression of all time, destroyed by the massive concentration of power, particularly in the United States, that has spawned enormous debt and profligacy which are the inevitable consequence of unbridled Fiat money creation."

Clive Maund

"Money without wisdom diminishes the pleasure and enjoyment of wealth."

James Cook

January 8, 2009

"The United Auto Workers is AARP in an Edsel: It has three times as many retirees and widows as ‘workers’ (I use the term loosely). GM has 96,000 employees but provides health benefits to a million people."

Mark Steyn

"The global warming scare has provided a field day for politicians and others who wish to control our lives. After all, only the imagination limits the kind of laws and restrictions that can be written in the name of saving the planet."

Walter Williams

"Any money the government spends must be taxed, borrowed or conjured out of thin air by the Federal Reserve, and that will reduce sound private investment. Obama has no real wealth to inject into the economy. He can only move around existing money while inflation robs us of purchasing power. Meanwhile, private investors who might have produced a better engine, battery, computer, cancer treatment or other wealth-creating and life-enhancing innovations hold back for fear that big government will undermine productive efforts."

John Stossel

"The elite citadels of Goldman Sachs and JP Morgan, where you only need to have a pulse to get a $20 million bonus, are under siege."

Clive Mound

January 7, 2009

"If you currently own gold through an exchange-traded fund (ETF), it may not be safe. With one little stroke of the president’s pen, it can be confiscated by the U.S. Treasury for so-called national security purposes. The government officials will claim they are out to protect U.S. citizens from speculators whom they blame for the dollar collapsing, but in reality their policies that will force Americans, who actually want to save, to flee the dollar. So, could the U.S. government grab your gold in an ETF? The act of governments stealing gold and robbing currency holders is nothing new, even in America. President Franklin Roosevelt grabbed the gold and devalued it in the Great Depression, and President Richard Nixon jumped off the gold standard in the 1970s. In order to save the nation the government will need to save the dollar, and the right way to do this would be to run prudent fiscal policy with low budget deficits, and have the Federal Reserve raise interest rates to encourage savings. But the easy short-term fix is to steal some gold now owned by a few who were only trying to protect their savings."

Richard Benson

"General Motors, like the other two geezers of the Old Three, is a vast retirement home with a small money-losing auto subsidiary."

Mark Steyn

"An increasing amount of climate research suggests a possibility of global cooling."

Walter Williams

"Silver is an industrial metal with some very interesting new uses coming up. It’s losing some of its industrial metal with some very interesting new uses coming up. It’s losing some of its traditional uses such as photography; but in other uses, such as batteries and electronics, it’s actually growing very sharply and could grow more sharply over the next few years."

Jeff Christian

January 6, 2009

"Once the government runs out of foreign and private sector bidders for new Treasurys, the Federal Reserve will be the only buyer, and the hyper-inflation cat will be completely out of the bag."

Pete Schiff

"If government were less important in our lives, politicians would have fewer goodies to trade. In return, we’d have more money and more freedom."

John Stossel

"The only reason they dropped interest rates yesterday is to try and ‘stimulate the economy’ with the production of NEW DEBT which they hope will then be spent in the economy. That is the only reason! THEY DESPERATELY NEED YOU IN MORE DEBT. It is like a prostitute dropping her price to hopefully attract more punters. You will hopefully take up this offer of new debt at the ‘attractive new low interest rate.’ This new debt will be denominated in freshly produced new dollars and will therefore devalue the purchasing power of all the existing dollars whether physical or electronic already in circulation."

Ceri Shepherd

"If the issuer of a debt can service the debt, and later redeem it – repay the principal amount of the loan – with its own non-interest paying notes, then no repayment has been made at all. One debt – the non-interest rate bearing Fed Note – will be used to repay the other. To repay a debt with another debt is fraud. That is what the Fed is proposing to do."

Bill Buckler

"What is more simple than to believe in God? Its very simplicity argues the case."

James Cook

January 5, 2009

"Once the dollar begins to collapse beneath the weight of all this new deficit spending, accumulation of contingency liabilities and the socialization of our economy, commodity prices and interest rates will head skyward."

Pete Schiff

"A system that rewards politicians skilled at campaigning – which is the art of creating an illusion – and that puts hundreds of billions of coerced taxpayer dollars at the disposal of the winners will tend to attract men and women with a comparative advantage in manipulation."

John Stossel

"The Fed is sending a message that it will print money to an unlimited extent until it starts to see the economy expanding."

William Poole

"It is not wise for us to permit a few people on the Federal Reserve Board to have life and death power over our economy. My recommendation for reducing some of that power is to repeal legal tender laws and eliminate all taxes on gold, silver and platinum transactions. That way there would be money substitutes and the government money monopoly would be reduced and hence the ability to tax – some people would say steal from – us through inflation."

Walter Williams

"If printing money, and constantly dropping interest rates, as well as bailing our everybody was some kind of economic nirvana. I suggest that every society in history would have done this? Many of them have and it always ends in the same predictable way RUINATION."

Ceri Shepherd