The government and the people should honor the contract known as the U.S. Constitution. This was the thinking employed by Antonin Scalia. We can only hope that whoever takes his place on the high court will, as he did, delight in being labeled an “originalist.”
We won’t talk the court out of its power-mad, usurpative bent. Only power negates power. It’s time to stop acting like impotent fools and start showing the Court how impotent it really is.
There are many Wall Street cheerleaders who are trying to say that this is just a technical correction, that the bottom is near, and that everything will be getting better soon. They are ignoring the real message the markets are trying to send: you cannot print your way to prosperity.