Monday, December 27, 2004

Free Market Follies

I do agree with Kevin Drum that there is an under-remarked upon irony that one of the biggest believers in faith-based free markets thinks that US capital markets, which for a variety of reasons should be the ultimate expression of the joys of free markets, seriously misallocate capital in a way which demands masssive government intervention.


That's one big slippery slope to take a flying leap down.