If you listen to most of the commentary these days (“mainstream” anyway), you come away with the idea that only simpletons could be in favor of relying on the free market. Obviously, we need plenty of beneficent regulation to protect us from the greed and turbulence of the market.
My Freeman colleague Sheldon Richman shows here that such commentary gets things precisely backwards.
If you know any honest leftists who might want to understand the truth about our current financial crisis (as opposed to basking in it to buttress preconceived ideas about the way the world works), I suggest sending them this piece.
