TruthSavvy.

Welcome to the United Socialist State of America. Economic justice is now a function of centralized planning. Americans fought in two world wars and other conflicts for freedom’s sake. We fought against tyranny — Communist, Fascist, Nazi and dynastic. We struggled against injustice in which monopolistic political parties dictated right or wrong without fair regard to an informed public interest. We battled mind control, manipulation of public sensibilities, the skewing of justice, and the redistribution of rewards not in accordance to fair market desserts. But look at what we have now: Much of what we fought against. This plague of injustice and elitist preferential intervention has fallen upon us in one season — although we cultivated it for decades. We are fast becoming nearly everything we despised and opposed. Did our fathers and sons die in vain?

Centralized planning is now all around us. Instead of rewarding merit we bail out dysfunction, malfeasance, greedy speculation, and deceit. Government officials hold their secret meetings and then declare — as though it were by divine fiat — the winners, the losers, and the sums that taxpayers will cough up to keep financial pirates in power. Prudence is now the fall guy. Moral hazard is crowned king. Justice languishes in the byways. And statesman of true wisdom and moral courage are nowhere to be found. (Nov. 10, Liz Pulliam Weston, “Feel like a sucker? You’re not alone,” MSN Money.)

Economic justice is no longer possible in this environment. No one can have confidence that people of great financial substance — especially recent financial players — have built their wealth by due contribution to the public good. No, it is predation, stealth, intrigue, and heavy handed lobbying that pay the big money now.

If there is a Supreme Being, how long can He allow humans to chart this increasingly misdirected course unbridled by his Hand of Intervention? Surely, if George Washington and his good company were here today they would shudder at what has become of their American constitutional founding. If we are sons and daughters of the Founders, how can we sit passively while robber barons beat the stuffing out of the working folks to resupply their own larders?

It is time for Americans to say an emphatic “no” to well-intended suggestions that new debt be created to re-inflate the stock market. (Nov. 7, Jim Jubak, “Creative fixes for US finances,” MSN Money.) We’ve already given Wall Street too much leverage over economic outcomes. Likewise, Americans should give a vehement “no” to the further inflation of the money supply. Economic “fixes” like these are frequently predicated on the assumption that this generation need not be accountable for its excesses, and that the end justifies the means as long as economic growth is secured.

The U.S. government is in the process of inflating a massive bubble right now — a bubble in government debt. By turning many bubbles into one giant centralized bubble (through bailouts, financial interventions, and easy money policy), the government is setting the stage for the mother of all crises. Get ready for the ultimate “too big to fail” moral hazard when Americans realize that the final entity needing a bailout will be the American government itself. Then we’ll hear many Ivy League M.B.A. analysts limply assert that they did not anticipate such a contingency in their calculations of macro-risk. Well, they didn’t anticipate the current debacle either, did they?

When we reach the ultimate tipping point, all the Reagan-esque eloquence of an Obama or whoever follows will come up short (Oct. 06, Jon Markman, “Why Obama is the new Reagan,” MSN Money). Senior officials in government will become demagogues on behalf of interests they only vaguely understand. Americans will pay almost anything at that point to avoid a great depression — and we’ll pay everything in the process! The deeper we go now in bailing out moral turpitude and financial unscrupulousness, the greater will be our loss of control when government prerogatives are shifted to other hands in history’s coming “greatest bailout ever.”