It is precisely those members of Congress who have had the most to do with creating the risks that led to the current economic crisis who are making the most noise against others, and summoning people before their committee to be browbeaten and humiliated on nationwide television.

If politics were like sports, we could ask Israel to trade us Benjamin Netanyahu for Barack Obama. Of course, we would have to throw in trillions of dollars to get Israel to agree to the deal, but it would be money well spent.

Someone once said that taxes are the price we pay for civilization. That may have been true when he said it, but today taxes are mostly the price we pay so that politicians can play Santa Claus and get reelected.

Securities based on risky mortgages are what toppled financial institutions but it was the government that made the mortgages risky in the first place, by making home-ownership statistics the holy grail, for which everything else was to be sacrificed, including commonsense standards for making home loans.

However widespread the desire to be free, that is wholly different from a desire to live in a society where others are free.

People who think that they are being 'exploited' should ask themselves whether they would be missed if they left, or whether people would say: 'Good riddance?'

There are few things more dishonorable than misleading the young.