At times like these, it is easy for those who love liberty to lose hope. Let us take account of the general situation. The administration and Congress have responded to the financial collapses on Wall Street with unprecedented power grabs and staggeringly humungous bailouts. The Fed is taking on a new role in directly propping up businesses. The Treasury now has dictatorial powers over finance. More is promised to come. Both McCain and Obama vow not to continue the supposedly laissez faire...