Wednesday, November 5, 2008

The Myth that Laissez Faire Is Responsible for Our Financial Crisis

"The Myth that Laissez Faire Is Responsible for Our Financial Crisis" by George Reisman:
.... the politico-economic system of the United States today is so far removed from laissez-faire capitalism that it is closer to the system of a police state than to laissez-faire capitalism. The ability of the media to ignore all of the massive government interference that exists today and to characterize our present economic system as one of laissez-faire and economic freedom marks it as, if not profoundly dishonest, then as nothing less than delusional.
It seems that so long as anyone manages to move or even breathe without being under the control of the government, laissez faire allegedly continues to exist, which serves to make necessary yet still more government controls.

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