The freedom of America is the freedom to live your own life and take your own chances.

Asking liberals where wages and prices come from is like asking six-year-olds where babies come from.

The fact that the market is not doing what we wish it would do is no reason to automatically assume that the government would do better.

However little president Obama knows or cares about economics, he knows a lot about politics - and especially political rhetoric. 'High-speed rail' is simply another set of loft words to justify continued expansion of government spending. So are words like 'investment in education' or 'investment' in any number of other things, which serves the same political purpose.

Central planning, judicial activism, and the nanny state all presume vastly more knowledge than any elite have ever possessed.

Money goes out first to pay expenses and then comes back as profits later - if at all. The high rate of failure of new businesses makes painfully clear that there is nothing inevitable about the money coming back.

What the political left, even in democratic countries, share is the notion that knowledgeable and virtuous people like themselves have both a right and a duty to use the power of government to impose their superior knowledge and virtue on others.