As several economists have noted, blaming the crisis on "greed" is like blaming plane crashes on gravity.... The current crisis was caused not by the free market but by the government's intervention in the market. This is not special pleading on behalf of the market, but the clear verdict of both theory and experience.... As predictably as night follows day, the dopes who didn't see the crisis coming and said everything was fine are the ones George W. Bush and Barack Obama alike have looked to for advice on how to reverse it. We are in trouble.
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