Free kibbles

Geithner to ask for unprecedented new powers to seize financial firms and insurers. Just say no. He also wants the power to limit how much risk a company can take on. This is another big-government non-solution to a big government created problem. Big government creates moral hazard, privatizing profits and socializing losses, empowering companies to take excessive risks. Then big government tries to limit the risk, which in some cases won't work and in other cases will stifle business. That's no solution. The solution is to stop creating moral hazard.

Get the government out of our economy so Americans can fix all the damage government caused.

One of the things Geithner is pushing is that only certain people or companies will be able to participate in this corporate welfare, once again showing that socialism always benefits the elite at the expense of the people.

Congratulations to big, oppressive, dangerous government for inciting a lynch mob and credibly threatening to destroy AIG executives, coercing them to return their legal, contractually agreed upon bonuses. The rule of law and the sanctity of contracts means nothing to aristocrats. It would be easy to say this is government at its worse, but what this illustrates is government can and will get much worse.

Mises scholar predicted the call for one world currency, which China has now called for. Russia calls for it too. As if the US central bank hasn't created enough problems, imagine how much a one world government central bank would cause.

Obama writes letter to Jacques Chirac, saying he wants to work with him in the future. Unfortunately for Obama, Jacques Chirac hasn't been president of France for some time. Obama is a dunce.

Where's the outrage over retentions bonuses for Fannie and Freddie? Politician must be a synonym for hypocrite.

Moderate Senate Democrats organize to oppose Obama's radical agenda. Thank goodness.

Some unknown Obama official named Clinton says insatiable appetite for drugs in US to blame for Mexican violence, but she fails to point out the obvious solution. And it isn't just the appetite for drugs in the US. Every human has it. Americans just have more money because historically we've been freer to make more money.

The AP's fact check of Obama's speech, a mainstream media organ, however lamely questions Obama's facts.

The comparison that Keynesian economists think the economy is a perpetual motion machine slowed by saving should help non-economist scientists and engineers see through the big government smokescreen. This idea may seem right, if you were willing to live in a static (statist) economy. At first glance it would seem there would be no change and 100 percent employment would be achieved. But that wouldn't last long because the capital we depend on to make products would degrade. Tractors can't last forever. Factories can't last forever. Somebody has to maintain the capital we use just for us to break even, and that maintance cost goes up each year. Without ever more resources devoted to capital maintanence, we'd soon be back to the stone age. But worse yet, economic growth depends on innovation and therefore depends new capital, and savings funds both new capital and capital maintanence. Sorry Keynesians. You lose again.

Bizarre yet moving song sung by Mises's students and collegues as he fled from Austria to avoid German troops. It's impossible for us to imagine today the kind of desperation that those people felt, especially champions of freedom in the face of overwhelming tyranny and evil, and the kind of comradere it produced.