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.

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

The state is a vast enterprise for declaring all sorts of things legal for itself that would be illegal for us.

Capitalism, and capitalism alone, has rescued the human race from degrading poverty, rampant sickness and early death.

One ironic legacy of the Clinton administration is the rearming of the American citizenry. Each time Clinton and his friends in Congress threaten another round of anti-gun regulations, the American people respond by stocking up.

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

What the American worker needs is more of what WalMart offers and less of what the government offers.