Quod erat demonstrandum

It’s the new political small talk: you’re too stupid to disagree with me. From Sen. Hillary Clinton: “We should also put in place a temporary moratorium on foreclosures and freeze rate hikes in adjustable-rate mortgages. We’ve got to stem the tide of failing mortgages and give the markets time to recover.” “The time for ideological,…

Grover says no bailout

Grover Norquist of Americans for Tax Reform has written a letter to Congress opposing the bank bailout. Here are a couple of excerpts: “The bailout plan creates a horrible public policy precedent. How is the government supposed to say, “no” to the next ailing industry that comes to Washington with its hand out? Over time,…

Riddle me this, Batman!

Great question this morning from former candidate for Kentucky Auditor of Public Accounts Linda Greenwell about the federal government nationalizing trainwrecks: “Wonder why they voted to force us to invest in these failing companies but forbid us to willfully invest in stable companies of our choice using our Social Security money?” Thanks Linda. These hurry-up…

Are we all socialists now?

A common refrain on editorial pages this past week has been that free-market “zealots” have been the losers in the federal interventions of AIG, Fannie Mae, Freddie Mac, and whoever is next. That’s true, but certainly not because the free market has failed. I’m stunned and saddened that we have gone so far to show…