Talking heads on Sunday news and interview programs seem to agree: The free market has failed, and only government intervention can save the economy.
Such a solid consensus among political pundits should alert viewers to a "red flag moment." Why would anyone who has been paying attention assert that government has not had a major role in the deterioration of the economy already?
The Federal Reserve, a quasi-public banking system, has been infusing the economy with paper money in staggering amounts and at inexcusably low interest rates. It is because of this kind of government intervention that we find ourselves in an economic tailspin.
Steven E. Yorgason