Saturday, March 07, 2009


Disaster Capitalism Revisited
...If the government had followed a laissez-faire policy for the last six months, and output, employment, housing, and financial markets stood exactly where they stand today, what fraction of people would conclude that "Events decisively prove that laissez-faire is a disaster"? Can you honestly give any answer less than 90 percent?...

...Can you imagine any crisis where voters would expect a substantial reduction in government to be the best response? ...