Tonight I'm tackling a contentious, thorny issue and that's always a tough task. Thus, I'll ask, up front, for a bit of leeway in how my words are parsed and interpreted. I'm happy to make clarifications on specifics in the comments.
Lately, we've been getting a lot of questions (through Q+A as well as from clients and the SEO community) about the practice of buying links. A good number of folks have pointed out that, years ago, I endorsed several text/paid link brokers - companies that aggregate link ad inventory and sell it to those seeking to boost their rankings. This practice does violate Google's Quality Guidelines as well as other engines' desires, as do most of the direct forms of paying money to get a link that will assist with organic search rankings (I say "most" because the Yahoo! Directory and a few others like it may be exempt).