Conventional wisdom holds that the way out of the “recession” is to spend our way out of it. A trillion dollar stimulus package is being touted by the pundits as the right way to "shock the economy" (I suppose the economy is just in a coma, and merely needs awakening) into growth again.

Interest rates on savings at banks are 0.15%, or basically zero. When you ask a banker why they're so low, he'll tell you it's because our lending rates are so low. Lending rates are so low because the Federal Reserve has made them that way. The Federal Reserve wants no incentive to save money.

This isn't a normal “recession”; this is the end of a massive credit bubble rooted in the culmination of many years of faulty monetary policy in an attempt to avoid small, corrective recessions. Conventional wisdom has been dead wrong about what's been happening for the last 20 years, let alone the last 20 weeks.

It's sadly predictable that economists and government officials who clearly don't understand the root of the problem (too much debt) are promoting more debt as the solution. We'll be adding another $2 trillion to the national debt this year, to be borrowed from our children. The bigger the national debt, the bigger the government will be. The bigger government is, the more authoritative it will be.

Conventional wisdom is putting us on a path to total destruction of our currency. For those who don’t understand that, understand this: Economically, a currency holds a nation together. Without currency, the economy and perhaps society are at great risk of breaking down.

Creating jobs for the masses does nothing but put some cash in people’s pockets - cash that is worth less and less as the government borrows more and more. What jobs created by the government do in reality is promote inefficiency and waste. The federal government is completely out of control at this point: Bureaucrats are simply not qualified to make these decisions, even though they insist on making them. Therefore, any real solution requires decentralization and overall reduction of governmental power.