Sunday, May 10, 2009

ECONOMICS AT A STAKE

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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