No, financial panics were common before the government intervened. The private sector on its own evolved a centralized system of clearinghouses to expand the money supply in panics; the problem was the for-profit members of the clearinghouses would help their friends and hurt their enemies. The Fed was created as a more equitable alternative to J. P. Morgan ending the panic of 1907. Morgan was in a position to buy out his competitors at fire sale prices.

In the Great Depression, Hoover tried the free market approach for 4 years. No government intervention, let the market end the crisis itself. Except it didn't work, so the people elected Roosevelt. The General Welfare is not served by the free market, which only cares about the welfare of those who have money.

The market cuts interest rates on its own. Remember the LIBOR rate-fixing scandal? Traders manipulated rates lower. Pure free market at work!

Biology is not reducible to economics. Genes have no concept of debt, for example. Trying to force everything into economics is fundamentally flawed, because money is a human invention.

Even the Austrian school criticizes the quantity theory of money.

What you're saying is your Bayesian prior probability is 1, so no amount of evidence will convince you (see Cromwell's rule)?

No, quantum physics does not claim to know (or that it will ever know) why a particle collapses to one of two states when measured. It is not assumed that there is a rational explanation why.

Quantum physicists have questioned the scientific worldview. From wikipedia: "for objects governed by the laws of quantum mechanics, like photons and electrons, it may make no sense to think of them as having well defined characteristics. Instead, what we see may depend on how we look."

I'm a photon and I demand more energy!

Who forced the banks to inflate $10.6 trillion in mortgage debt into $62 trillion in derivatives?

The defaults alone weren't the problem. The groupthink and perverse psychology of the private sector was the problem. Government just wanted to help people get homes. The greed of the private sector created such a mess that everything crashed because of their shenanigans.

If government was guilty of anything, it was not being cynical enough about the moral hazards and perverse incentives that drive markets.

Dot-com was a more productive use of capital, but Greenspan popped that. Also, markets aren't very efficient on their own. Sure, slavery produced more cotton than the post-Civil-War south did, but only by using force and ignoring unalienable rights. Markets left to themselves leave a lot of people out, and even finance founder Fischer Black thought markets were only efficient to within a factor of 2. So that house might cost $50k or $200k, a wide spread for salesmen to profit. That's what Paul thinks is better than government trying to help poor people? Let the salesmen get rich off arbitrage while the poor stay homeless?

Because molecules raise their prices if there's an increase in the energy supply?

And standards of living have been going up, because technology keeps advancing. Deficits don't matter. They are a distraction. The advance of knowledge and technology should be the real focus.

The private sector lives by kicking the can down the road. Banks borrow every day to kick the can down the road. Kicking the can down the road was invented by the private sector and is used all the time. To say government can't use the same mechanism is unrealistic, because it works so well for the private sector.

How about subsidies? The point is to encourage alternative energy sources, and government can invest without needing to make a profit. It provides for the General Welfare.

Here's a story about investors in traditional power generation plants in Texas looking at losses because of new alternative energy power production:

http://www.renewableenergyworl...

"the tradeoff of CLI is between working more efficiently (by typing commands and not having to use your mouse too often to interrupt your flow)
and a steeper learning curve (learn commands and their params, config file locations and their syntax etc.)."

Solution: use natural language to tell the computer what you want to do. "Copy myfile.txt to mydirectory." "Change my password from old to new." "Change the file permissions on myfile.txt so anyone can read or write to it."