Monday, September 22, 2008

Government Failure

Government Failure
by Sheldon Richman, September 19, 2008 (via the Future of Freedom Foundation)

"Politicians have an obvious interest in portraying the financial meltdown as the result of a government hands-off policy. They can’t very well advocate government controls if government controls are responsible for the debacle we’re now living through. The pundits just don’t understand economics.

But believe it or not, the problems in the financial and housing industries are not a market failure. They are a government failure."

~ Full article here ~

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