The real story of Detroit [...] can be summed up in seven words. Private enterprise built it, government destroyed it.

The United States is like the Titanic, and I'm here with the lifeboat trying to get people to leave the ship... I see a real financial crisis coming for the United States.

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

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.

The strength in gold is revealing the general weakness in the dollar.

Keynesians are to economics what witch doctors are to medicine.

The Fed is the biggest enemy of this economy. In fact, Ben Bernanke, as far as I'm concerned, he's public enemy No. 1. We're never going to have a recovery while this guy's in charge.