As more money flowed through Washington and as Washington's power to regulate our lives grew, opportunities and temptations for graft, influence peddling and cutting corners grew exponentially. Power breeds corruption.

There's no human censorship at kiosks.

No more turning a blind eye to Chinese spies in our nuclear labs. No more keeping silent about Chinese slave labor camps.

The Chinese government is quickly losing its ideological legitimacy, maintain its rule with force, but cannot draw strength from the ideology of Marx and Mao.

One thing on psychology, which we've always known, is that every investor says they're long-term - and they are until the market takes a hit.

As more money flowed through Washington and as Washington's power to regulate our lives grew, opportunities and temptations for graft, influence peddling and cutting corners grew exponentially. Power breeds corruption.

As our federal government has grown too large and too powerful, the real loss has been the freedom of people to govern their own lives and participate fully in the American dream.