Don't blame capitalism -- blame federal interference with it
Posted by George Leef at 08:21 AM
The big government crowd has been desperate to pin the blame for the economic debacle that began back in 2007 on capitalism. Supposedly, the trouble is all due to insufficient federal regulation to prevent foolish and greedy bankers and investors from causing economic bubbles.
That's pure fabrication meant to deflect anger away from the real culprits: politicians. In this new article in The Freeman, professors Steven Horwitz and Peter Boettke refute the political disinformation and explain that the economic crash was the inevitable result of government economic tampering.
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