He was just talking about his own recent move and the boxes in his living room, etc.

Various ancient philosophers and prognosticators wrote about the "coming" fall of the Roman empire hundreds of years before it actually happened. Of course, the empire didn't have quite the unfunded liabilities we have. Regardless, what's happening is simply proof that markets, like water, can't be stopped. Govt manipulation always results in unintended consequences that hurt the very people intended to be helped. That's axiomatic. The benefit out of this is that, over time, there will be a 'reset" and we will grow and become even more prosperous. There are too many incredible innovations already in the pipeline (and I don't mean Facebook) and one's of which we don't even know that will propel us forward. Keep heart.

Hilarious

If OBAMA! is elected, he will do about as much as he's done the last two years, which is nothing, except what the repub Congress lets him do. What I'm more concerned about is that Romney (aarrgghh) gets in and things get worse (which I believe is inevitable regardless of WH occupant due to coming debt bombs), and people blame repubs, vote in dems in '14, and things really get bad. Regardless, the chance has to be taken because Romney, while awful, is better than OBAMA!

I don't get this love affair w/ Reagan. While he did lower income tax rates, he didn't eliminate the dept of Ed like he said he would. He kicked the can down the road w/ Social Security in 1983 directly leading to the mess we are now in. Didn't do a thing about Medicare although it was known that it's cost was far greater than originally predicted, raised taxes 3 different times, granted amnesty (as others have noted), and ran up a huge deficit (please don't blame congress, same thing happened under Bush w/ a repub congress). If his name was OBAMA! the repubs would loathe him.

Obama or Ryan, they are both headed towards oblivion. The only one with a budget plan that actually makes a serious difference is Ron Paul's. We need to cut out Education, commerce, and that third one. Oh wait. Energy. Plus need to privatize Soc Sec and Medicare. Go to the voucher system. Eliminate deductions and go to a simple flat tax. It's not rocket science folks.

"Working people" bargain w/ public officials who court the votes of the "working people" with whom they are bargaining. That's like the fox making a bargain w/ the wolf about the proper times to raid the hen house. The non governmental "working people" are the ones actually paying the taxes for all the "working people" bargaining w/ the public officials. It's ridiculous. In California, this all started w/ Grey Davis in 1999 when the pensions were stupidly changed due to one time tax revenue boom due to the false tech boom. Now the people who were given lollipops don't want to give them up even though they never should have been given in the first place.

Here's one example of "public money is my money" Rick Santorum: http://townhall.com/columnists/taddehaven/2012/03/19/santorums_tunnel_and_federal_transportation_policy Talk about a Dem in sheep's clothing.

Mr. Sowell, Are you being faithful to your beliefs? Surely you know about Santorum's use of the public's money to fund backyard deals. Surely you cringe when you listen to Gingrich talk about using the public's money to go to Mars along w/ other visionary ideas (funny how that speech was made to Floridian voters living near Cape Canaveral just before the primary there). Only R. Paul comes close to following your belief system in the books you write. Now, neither Santorum, Gingrich or Paul has a chance to win. You have written that Obama must be defeated. Writing these columns promoting non-Romneys only helps Obama. Change topics please.

Mish is right but things even out. Owner equiv rents are going up so that will be reflected in the inflation figures.