Stimulating the Economy Into the Ground

Today, as unemployment creeps toward double digits and economic growth is headed south, people clearly understand that the U.S. economy is in trouble and, naturally, they want to blame someone. Unfortunately, it seems that most people are taking the cue from the political classes and turning their anger on private enterprise. While we see protests outside various businesses, it is interesting -- and very telling -- to note that it was not until very recently that anyone was protesting in front of that Greek temple known as the headquarters of the Federal Reserve System, and they are still a precious few.

The Fed, with it's manipulations of interest and money, and the Congress, with it's burdensome taxes and endless regulations, are escaping blame by pointing their fingers at free markets and capitalism. Well, our markets are not and have not been free from federal meddling and what we're practicing is not capitalism.