The Free Market Didn’t Fail

October 18th, 2008 9:37 am  |  by  |  Published in Bailouts, Banking, Big Government, Debt, Economics, Federal Reserve, Free Market, government spending, liberator online, Liberty, Money, national debt, Politics, Taxes  |  0

Sharon Harris, president of the Advocates for Self Government says that in this current economic crisis we are facing the biggest assault on free market ideas since the 1930s New Deal.  Here are a few snippets of her most recent article:

Enemies of economic liberty are gleefully using this crisis to discredit free market ideas and ram through a Big Government agenda.

We’re hearing them everywhere. A few examples:

“Raw capitalism is dead.”
– Henry Paulson, U.S. Treasury secretary, TIME magazine, September 18.

“… The free market in finance, unregulated and unsupervised, has failed.”
– New York Times.

“[The idea that] the market knows best — that era is over. Market fundamentalism is taking a beating in policy circles and the public mind.”
– Lawrence Mishel, president of the Economic Policy Institute.

You and I know this is nonsense. The free market isn’t to blame. This mess was created by Big Government. And it won’t be solved by putting still more Big Government foxes in charge of the henhouse.

But many in the public are listening. And believing. And fearing free markets.

Read the whole thing. It’s good reading.

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