"The government of the United States is a definite government, confined to specified objects. It is not like the state governments, whose powers are more general. Charity is no part of the legislative duty of the government."

-- James Madison (speech in the House of Representatives, 10 January 1794)

Monday, October 13, 2008

What We Learn From a Play-Money Auction

A play-money auction serves as a good example of what we now face. With the passage of the Emergency Economic Stabilization Act of 2008, the Fed is poised to accelerate the redistribution process at a rate not seen in our lifetime. Those who will be hurt the most, of course, will be those who do not receive the new money.

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Presented for your consideration by POAST at 11:08 PM

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