The annihilation of limited government is upon us.

This is a very sad time for me, and it's a watershed moment for America. After all the problems with large banks, the federal government has stepped in to save some of them and is about to do a whole lot more since last week's volatility. It's incredibly disheartening to see how far we've fallen from the ideals that have kept us free.

I am writing this note to publicly declare that I do not approve of the federal government's actions to save the banks. It realize that there would be catastrophic consequences if they did not, and our whole system as we know it might collapse in a way that could even surpass The Great Depression. That condition could take decades to overcome, and we would be a very poor country in the meantime... meaning that we would learn what true poverty is really like. I would absolutely choose that course because we would come out as strong a nation as we ever were, having kept our individual freedoms and responsibilities and learned valuable lessons about individual security and trustworthiness in the process.

However, what we are choosing instead is to try and ensure safety by subverting the basic rights of individuals to choose their own actions and live through the consequences. We're replacing our old ideals with a system where the government has all power to do as it wishes with any aspect of society. Even if this bailout plan isn't implemented, the fact that it is being seriously considered means that most of our politicians feel they can exert this power over our lives if they perceive a big crisis coming. There are no longer any limits; the only way now to limit what government does is to make front-page news and garner general public outrage so that a majority of politicians are motivated to act. American government has lost its moral compass.

So the future is bleak: our livelihood is subject to the whims of politics; we will be less free to make contracts with one another; and society in general will be much less prosperous and powerful because of the myriad ways that government force can stop associations and limit our range of actions. If people thought there was uncertainty from actions of irresponsible banks and traders, wait to see how much more uncertain will be everyone's future now that we have an all-powerful national government.

I suppose we've been headed this way for a while. It's incredibly sad to watch it happen in front of us, and to know we will have diminished power over our lives starting next week.