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Milton J. Madison - An American Refugee Now Living in China, Where Liberty is Ascending

Federalism, Free Markets and the Liberty To Let One's Mind Wander. I Am Very Worried About the Fate of Liberty in the USA, Where Government is Taking people's Lives ____________________________________________________________________________________________ "Extremism in defense of liberty is no vice. Tolerance in the face of tyranny is no virtue." -Barry Goldwater-

Friday, August 26, 2011

"Capitalism is the ONLY moral system"....

A wonderful talk from Instapundit....



This is what I have been saying for a long time, that the financial crisis in the US was not a failure of markets but was caused by the US government. Bad economic policy will lead to back economic outcomes. Doubling down on the same bad economic policy will lead to the same but worse outcome later.

Why was there so much trouble with the banking system even though it is one of the most highly regulated businesses on the planet and compare this to technology businesses that are not regulated at all. there was no wholesale collapse in these businesses and they continue to innovate and create new, better and cheaper products. All of this without government help.

Additionally, non-intervention by government and absolutely free markets, as this fellow argues, is the only moral system since at its core is the liberty to think for oneself. Capitalism is the only moral system since this system allows people to think, create and innovate on their own as free people.

2 Comments:

At 10:31 AM, Anonymous Anonymous said...

Then lets stop bailing the failed capitalist operations out. When the free market knows there is no taxpayer/government saftey net they will stop listening to non-market sensible mandates and push back. Croneism got us into this mess.

 
At 1:43 PM, Blogger glenzo said...

Exactly. It does not work, it hasn't worked and it will not work. So why do we insist that our stupid political class get to control all of this?

 

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