Sunday, March 08, 2009

bias against the free market

Brian Caplan and Robin Hanson wonder what people would be saying if the government had been principled free marketers since the crisis began and we were exactly where we are now. Realistically people would be taking it as (even more, not that its needed) definitive proof that free markets lead to disaster.

People seem to think the problem was that the government didn't intervene decisively enough.

Incidentally Hillary Clinton's talking about how wonderful crises are for helping the Democrats make the changes they've always wanted to make.

Basically, Naomi Klein's shock doctrine. Suggesting that free marketers are the biggest shock doctrinaires is one of the stupidest things I've ever heard.

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