Printing money is merely taxation in another form. Rather than robbing citizens of their money, government robs their money of its purchasing power.

I don't want the technology of the 1950s, but I want the free market of the 1950s.

You're worth what you're worth

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.

What got us out of the depression was capitalism, and we would have gotten out a lot quicker had the government not intervened.

I think there are a lot of people out there that are speculating in the stock market. They have all kinds of tech stocks or social media stocks. If you want to gamble in the stock market, I would much rather gamble on a mining stock than a social media stock.

The Philadelphia Feds manufacturers report for September revealed that despite a sharp slowdown, its prices paid index surged 257 points.