Comments on: The State Is Morally Hazardous To Your Health http://www.thefreemanonline.org/columns/perspective/perspective-the-state-is-morally-hazardous-to-your-health/ Ideas on Liberty Wed, 15 Feb 2012 04:40:14 +0000 hourly 1 http://wordpress.org/?v=3.3 By: ReversethinkerMN http://www.thefreemanonline.org/columns/perspective/perspective-the-state-is-morally-hazardous-to-your-health/comment-page-1/#comment-2477 ReversethinkerMN Tue, 17 Feb 2009 23:46:47 +0000 http://www.thefreemanonline.org/uncategorized/perspective-the-state-is-morally-hazardous-to-your-health/#comment-2477 Mr. Richman's "classic" perspective conveniently ignored the wanton irresponsibility, mismanagement, and criminality on Wall Street and in the banking system that brought the crisis about. Did uncle Sam create Option ARMs, CDOs, and CDSs? The historical fact is that Big Government came in with the New Deal because "classic" laissez faire failed in the 1920s/30s. There has never been a pure free enterprise, and there will never be one. As we say of war, the economy is too important to be left to unbridled capitalists. George W. Bush did and we are paying the price for it. Mr. Richman’s “classic” perspective conveniently ignored the wanton irresponsibility, mismanagement, and criminality on Wall Street and in the banking system that brought the crisis about. Did uncle Sam create Option ARMs, CDOs, and CDSs?

The historical fact is that Big Government came in with the New Deal because “classic” laissez faire failed in the 1920s/30s. There has never been a pure free enterprise, and there will never be one. As we say of war, the economy is too important to be left to unbridled capitalists.

George W. Bush did and we are paying the price for it.

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