01
Aug
08

Free Market: A Force For Evil

Or so Tom Tomorrow would have us think.

Shame. I used to enjoy reading This Modern World. But, sadly, Tom has succumbed to the same misunderstanding that a lot of Americans do regarding the free market. The conditions which precipitated the housing calamity were not the doing of the free market. It was all due to the Fed. Indeed, the free market could not have allowed banksters to loan indefinitely or even to a point of overextending credit to an unworthy debtor. But this “fear of the unknown” will rule the voters for the forseeable future and they’ll simply ask for it all over again. As Mencken said (paraphrase), the American people know what they want and deserve to get it…good and hard.

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2 Responses to “Free Market: A Force For Evil”


  1. 1 libertyvini
    August 1, 2008 at 4:54 pm

    He, like many smart but misled Americans, has never lived in a world where free markets and sound money were more than just buzzwords.

  2. 2 libertyvini
    August 1, 2008 at 4:56 pm

    And liberals want it both ways – they want everyone to own a house, even those manifestly incapable of meeting a mortgage, then cry when irresponsible government policies lead to massive gobs of bad loans.


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