Wednesday, January 28, 2009

The Myth that Laissez Faire Is Responsible for Our Financial Crisis

George Reisman is among the less than handful of living economists that truly understand in full how the economy works. In his latest column, he dissects the myth that the United States currently has a laissez faire economy.

You can read his full analysis, here.

The Reisman analysis makes you wonder how how the Heritage Foundation is able to give the United States a score of 80.7 (out of 100)on its Freedom Index.

In truth, there isn't a country on the planet that should get a passing grade.

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