No Free Markets for Old Men

Listening to the Fed Chairman speak today, I couldn't help noticing that everyone was asking questions as if they were organizing a command economy. How can we help these people? How do we stop that from happening? How can we protect blah, blah, blah, blah...? Why don't we do this regulation or help the middle class this way? Blah, blah, blah, blah government do blah, blah recession?

I have to wonder:
Why have we decided to single out the middle class as deserving special treatment to benefit them, to the detriment of the economy? They've almost become as sacred as children when the phrase comes out of a politician's mouth. And when was the last time the government did anything other than deregulation or tax cuts that assisted the economy or averted recession?

I was waiting for the phrase "Buyer Beware" or for someone to mention that the markets are really quite good at taking care of themselves. Not one person stood in favor of free markets, not one, though it appeared Ron Paul was going to, but couldn't stop droning on about our currency ponzi scheme. Fortunately, nobody was listening, so the pyramid still holds and our paper currency, which is based on the value of nothing whatsoever, still has value.

Since these are the people in charge of regulating our economy, it stands to reason that a flood of regulations and dabbling in the markets will be forthcoming.


Also, I saw "No Country for Old Men" and wow, really amazing! I hope they make a bunch more like that one. It was a lot more exciting than the Fed meeting.