No one pushed harder than Congressman Barney Frank to force banks and other financial institutions to reduce their mortgage lending standards, in order to meet government-set goals for more home ownership. Those lower mortgage lending standards are at the heart of the increased riskiness of the mortgage market and of the collapse of Wall Street securities based on those risky mortgages.

Government's power to bully people who have broken no law is dangerous to all of us.

For society as a whole, nothing comes as a "right" to which we are "entitled." Even bare subsistence has to be produced-and produced at a cost of heavy toil for much of human history. The only way anyone can have a right to something that has to be produced is to force someone else to produce it for him. The more things are provided as rights, the less the recipients have to work and the more others have to carry their load.

Government cannot solve all our problems, even in normal times, much less during a catastrophe of nature that reminds man how little he is, despite all his big talk.

Social Engineering - The art of replacing what works with what sounds good.

You may scoff at the Tooth Fairy if you like. But the Tooth Fairy's approach has gotten more politicians elected than any economist's analysis.

When Congress gets through investigating Attorney General Janet Reno, will her agency become known as the Obstruction of Justice Department? The civil rights movement was one of the great moral crusades in the first half of the twentieth century. Unfortunately, in more recent times it has become all too much like those it opposed, demanding racial double standards and even condoning verbal and violent attacks against members of other races.