Government is taking my money

Government is taking my money in order to spend it "better" than I can.

The best excuse ever invented to expand government.

It is both frightening and discouraging to hear politicians offering more Keynes at a time when what is most needed is a way of restoring the appetite of the private sector for risk.


The Keynesian theory, calling for government spending as a way to boost aggregate demand during economic downturns, is the best excuse ever invented to expand government.

Row capitalism will always be alive

I believe in markets.

I also believe that there is not a role for government.

Row capitalism will always be alive no matter who will always be trying to kill it.

Government-sponsored institutions kill competition

History shows that a nation can not have competition without trust and confidence.

Government-sponsored institutions kill competition because they deliver no trust no confidence.

Government is a wasteful institution

Government is a wasteful institution.

Government is unable to understand the meaning of innovation, efficiency and flexibility.

Adding debt to debt.

Once short-term interest rates get to near zero, a key focus in such an environment will be to bring down long-term interest rates, which help determine the rates of mortgages and other debt instruments.

This would likely involve in practice the Fed buying longer-term Treasury bonds.

Such actions will not solve the problem but will merely compound it, by adding debt to debt.

Unintended, adverse, long-term consequences.

The efforts to prevent the market from disciplining excesses will have unintended, adverse, long-term consequences.

One legacy will be the existence of a large number of uncompetitive companies which will cause profit margins to fall for their more productive competitors.

Another consequence will be a long-term deflationary malaise, which will keep interest rates ridiculously low to the detriment of savers.