“When President Obama travels to Wall Street on Monday to speak from Federal Hall, where the founders once argued bitterly over how much the government should control the national economy, he is likely to cast himself as a ‘reluctant shareholder’ in America’s biggest industries and financial institutions. But one year after the collapse of Lehman Brothers set off a series of federal interventions, the government is the nation’s biggest lender, insurer, automaker and guarantor against risk for investors large and small.” (New York Times, Monday)
“Nothing is so permanent as a temporary government program.” –Milton Friedman
FEE Timely Classic
“Liberalism and Limited Government” by Israel M. Kirzner
