Perspective on the current recession

"The current recession is severe by any reasonable metric. But it still pales in comparison to the Great Depression." From Donald Marron's blog.

Look Who's a Believer Now - WSJ.com

"Those who later recanted their atheism began to doubt their doubts went on from this common start to begin to doubt their doubts. They gradually decided that their rationalistic method was too narrow: It could pick holes not only in Christianity but in any attempt to distinguish between right and wrong or to articulate the meaning of life. They came to realize that they could only tear down and thus were left intellectually with no habitable place to live."

Missing Milton: Who Will Speak For Free Markets? - WSJ.com

"Milton recalled traveling to an Asian country in the 1960s and visiting a worksite where a new canal was being built. He was shocked to see that, instead of modern tractors and earth movers, the workers had shovels. He asked why there were so few machines. The government bureaucrat explained: "You don't understand. This is a jobs program." To which Milton replied: "Oh, I thought you were trying to build a canal. If it's jobs you want, then you should give these workers spoons, not shovels." But in the energy industry today we are trading in shovels for spoons.

The 'Unseen' Deserve Empathy, Too - WSJ.com

"The rules of law are designed in part to strike the proper balance between the interests of those who are seen and those who are not seen. The purpose of the rules is to enable judges to resist the emotionally engaging temptation to relieve the plight of those they can see and empathize with, even when doing so would be unfair to those they cannot see."

Capitalist? Socialist? Fascist? - Thomas Sowell video

RealClearPolitics - Video - Sowell On Capitalism In The U.S.

Exploding debt threatens America - John Taylor

"I believe the risk posed by this debt is systemic and could do more damage to the economy than the recent financial crisis."

Economic "Power" - Thomas Sowell

"Is Wal-Mart Good for America?"

Why Government Can't Run a Business - WSJ.com

Chrysler and the Rule of Law - WSJ.com

"By stepping over the bright line between the rule of law and the arbitrary behavior of men, President Obama may have created a thousand new failing businesses. That is, businesses that might have received financing before but that now will not, since lenders face the potential of future government confiscation."

Barack Obama's Risky Deficit Spending

Obama Should Listen to Leviticus: Don't Confuse Justice and Charity

"The core mistake of liberalism involves the confusion of charity and justice."

Talking Points - Thomas Sowell

"When we look back at history, it is amazing what foolish and even childish things people said and did on the eve of a catastrophe about to consume them."

The Statue of Justice Wears a Blindfold - Thomas Sowell

RealClearPolitics - The Statue of Justice Wears a Blindfold

'Empathy' Versus Law: Part II - Thomas Sowell

"Men should know the rules by which the game is played. Doubt as to the value of some of those rules is no sufficient reason why they should not be followed by the courts." - Supreme Court justice Oliver Wendell Holmes

Obama Likes Wanda Sykes Joke About Rush Limbaugh — ‘I Hope His Kidneys Fail’

Hyper Hyper-Inflation - Real Time Economics - WSJ

Hyper Hyper-Inflation - Real Time Economics - WSJ

Inflation Nation - By ALLAN H. MELTZER

Busting Bank of America - WSJ.com

Busting Bank of America - WSJ.com