Daily Archives: September 21, 2008

The free market fallacy

A few minutes ago, I came across yet another AP news item about the current financial crisis in the US. The article reports that Barack Obama “said the final product must protect U.S. taxpayers and include a commitment to new regulatory reforms.” My first thought was “hell, yeah!” there has to be some sort of regulation to prevent this nonsense from occurring again. My second thought was “surely the free market advocates are going to come out of the woodwork to criticize this.”

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