sailor
October 10, 2008, 6:13pm
39
Since the Reagan years we have heard a lot from the free market advocates. They want deregulation and “government off their backs”. “Let the market set the rules.”
Since the financial meltdown, which I attribute a lot to lax regulation and greedy “free marketers” run wild, have any noted economists or advocates come out publicly and reputed the views that they formerly espoused?
It’s like a business plan that failed and ended up in bankruptcy costing the investors a lot of money. Have any of the people that devised the plan said anything to the effect that, “We had it all wrong and it failed”?
Are we still at the point of denial or is it still someone else’s fault?
The whole post makes no sense whatsoever. Who said “let the market set the rules”? That is just nonsense. You are painting a made up distortion. The one in denial here is you.