Government bailouts are like potato chips: You can't stop with just one.

The poor are the very lifeblood of the left, attracting activists, supporting among the intelligentsia, and - perhaps most important - allowing the left to indulge in self-congratulation as people who 'care.' But, if they really cared, they would want to know what the facts are and what the actual consequences of their various nostrums are.

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.

It is so easy to be wrong-and to persist in being wrong-when the costs of being wrong are paid by others.

High tax rates that people don't actually pay do not bring the government as much revenue as lower tax rates that they do pay.

It is a way to take people's wealth from them without having to openly raise taxes. Inflation is the most universal tax of all.

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