The SEC announced it is limiting short sales in Fannie Mae and Freddie Mac, and looking into short sales in general. What a joke! The stock exchange is the celebrated bastion of free market capitalism? Our fearless cerebrum-challenged leaders are running awfully scared. Their knee-jerk coercion is always needless and ruinous.

I have no doubt whatsoever that our unnecessary masters will, if it suits them, impose capital controls, expropriate gold, nationalize any industry they want to, etc. They already have in the past. Why shouldn't they keep on as long as we remain fast asleep?